The Travel Food Services IPO is a book building. The issue is entirely an offer for sale.
The Travel Food Services IPO will open for subscription on July 3, 2025 and close on July 7, 2025. Allotment for the Travel Food Services IPO is expected to be finalized on Tuesday, July 8, 2025. Travel Food Services IPO will be listed on BSE, NSE with a tentative listing date of Thursday, July 10, 2025.
The price band of the Travel Food Services IPO is yet to be announced.
Kotak Mahindra Capital Company Limited, HSBC Securities & Capital Markets Private Limited, ICICI Securities Limited, Batliwala and Karani Securities India Private Limited are the book running lead managers to the Travel Food Services IPO while MUFG Intime India Private Limited ((Link Intime) is the registrar to the issue.
Travel Food Services IPO Details
| IPO Date | July 3, 2025 to July 7, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Offer For Sale |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Net Offered to Public | [.] shares (aggregating up to ₹2,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,16,79,484 shares |
Travel Food Services IPO Timeline (Tentative Schedule)
| IPO Open Date | Thu, Jul 3, 2025 |
| IPO Close Date | Mon, Jul 7, 2025 |
| Tentative Allotment | Tue, Jul 8, 2025 |
| Initiation of Refunds | Wed, Jul 9, 2025 |
| Credit of Shares to Demat | Wed, Jul 9, 2025 |
| Tentative Listing Date | Thu, Jul 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 7, 2025 |
Company Financials
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,771.16 | 1,623.39 | 1,332.32 | 1,056.49 |
| Revenue | 425.20 | 1,462.29 | 1,103.58 | 441.66 |
| Profit After Tax | 59.55 | 298.02 | 251.30 | 5.03 |
| EBITDA | 132.89 | 549.89 | 458.05 | 140.27 |
| Net Worth | 851.83 | 796.00 | 651.12 | 406.51 |
| Reserves and Surplus | 847.96 | 792.13 | 647.25 | 402.64 |
| Total Borrowing | 66.97 | 63.78 | 31.05 | 38.17 |
| Amount in ₹ Crore | ||||
About The Travel Food Services Limited
Incorporated in 2007, Travel Food Services Limited has established itself as a key player in the Indian airport travel quick service restaurant (Travel QSR) and lounge market. By June 30, 2024, the company boasts an impressive portfolio of 117 partner and in-house food and beverage brands, operating a total of 397 Travel QSR outlets across India and Malaysia.
The Travel QSR segment showcases a diverse array of curated food and beverage concepts spanning various cuisines and formats, all designed to meet the growing need for speed and convenience among travelers.
The lounge aspect of Travel Food Services Limited features exclusive areas within airport terminals, primarily accessible to first and business-class passengers, members of airline loyalty programs, and select credit and debit card holders along with members of other loyalty programs.
As of June 30, 2024, the company’s Travel QSR and Lounge businesses are operational in 14 airports across India and three in Malaysia, including major hubs like Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport.
By that same date, Travel Food Services has had a longstanding presence in these airports: 14 years at Delhi Airport, 15 years at Mumbai Airport, 5 years at Bengaluru Airport, and 11 years at Chennai Airport.