Travel Food Services Limited IPO

Travel Food Services Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹1045 - ₹1100

Total Issue

₹2,000.00 Cr

Bid Dates

07 Jul - 09 Jul

Subscription

2.88x

Est. GMP

₹11 (1.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Travel Food Services Limited operates 442 QSRs and 37 airport lounges across India, Malaysia, and Hong Kong, catering primarily to travelers. Its QSRs—located mainly in airports and highways—offer fast food, cafés, bakeries, and bars, with 54.37% of revenue from partner brands and 45.63% from Indian brands. It holds a 26% market share in the Indian airport QSR segment. The lounge business spans 14 airports, supported by partnerships with airlines, card networks, and financial institutions, commanding a 45% market share in India.

Lot Info

Lot Information for Travel Food Services IPO
Category Lots Shares Amount
Retail (Min) 1 13 ₹14,300
Retail (Max) 13 169 ₹1,85,900
S-HNI (Min) 14 182 ₹2,00,200
S-HNI (Max) 69 897 ₹9,86,700
B-HNI (Min) 70 910 ₹10,01,000

Category Reservation

QIB 50%
NII 15%
Ret 35%
Market Maker
₹0.00
Employee
Rs. 4 Cr
Shareholder
₹0.00

Issue Size

Total ₹2,000.00 Cr
Fresh Issue
₹0.00 (0.00 Shares)
Offer For Sale
₹2,000.00 Cr (1.82 Cr Shares)

Objects of Issue

The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).

Grey Market Premium

GMP ₹11
Est. Price ₹1,111
Est. Gain 1.00%

Travel Food Services IPO Peer Comparison

(Rs. in crores)

Travel Food Services IPO Peer Comparison Table
Particulars Travel Food Services Jubilant FoodWorks Devyani International Sapphire Foods India Westlife Foodworld Restaurant Brands Asia
Revenue from Ops (in Crs.) 1,687.74 8,141.73 4,951.05 2,881.86 2,491.19 2,550.72
PAT (In Crs.) 379.66 217.12 -6.90 16.70 12.15 -232.79
EPS - Basic 27.58 3.41 0.08 0.60 0.78 -4.33
NAV per share 79.62 31.87 9.07 43.53 38.70 15.61
RONW 34.64% 10.02% 0.84% 1.38% 2.01% -23.80%
EBITDA 40.07% 19.30% 17.00% 17.10% 13.20% 10.70%
PAT Margin 21.54% 2.64% -0.14% 0.57% 0.48% -9.02%
Price to earning (PE) 39.88 205.81 2,097.13 548.00 955.26 NA
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 30, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Travel Food Services IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 1,687.74 1,396.32 1,067.15
Profit after Tax 379.66 298.12 251.30
Net Worth 1,048.45 869.05 651.12
Total Borrowing 0.00 63.78 31.05
Total Assets 1,902.73 1,696.44 1,332.32
NAV per share (in ₹) 79.62 66.00 49.45
EPS - Basic (in ₹) 27.58 21.85 18.52

KPIs

EBITDA

40.07%

PAT

21.54%

ROE

35.47%

ROCE

51.40%

PE Ratio

39.88

PB Ratio

13.82

Mkt Cap (in Crs.)

14,484.74

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

100.00%

Public

0.00%

SSP Asia Pacific Holdings Limited 49.00%
Kapur Family Trust 51.00%

Management

Ashwani Puri Chairman
Varun Kapur MD & CEO
Vikas Kapoor CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 09-Jul-2025 19:00:00

Mainboard Subscription Status for Travel Food Services IPO
Category Sub (x) Offered Bids
QIB 8.10 36,29,092 2,93,98,278
NII 1.67 27,21,818 45,36,662
bHNI 1.83 18,14,545 33,28,143
sHNI 1.33 9,07,273 12,08,519
Retail 0.73 63,50,909 46,27,506
Employee 1.83 40,161 73,320
Total 3.03 1,27,41,980 3,86,35,766

Frequently Asked Questions

What is Travel Food Services IPO?
Travel Food Services IPO is a Mainboard IPO having an issue size of ₹2,000.00 Crs. Travel Food Services IPO is priced at ₹1045 - ₹1100 per share. The issue opens on 07 Jul 25 and closes on 09 Jul 25.
When will Travel Food Services IPO open?
Travel Food Services IPO opens on 07 Jul 25 and closes on 09 Jul 25.
What is the GMP of Travel Food Services IPO?
The estimated Grey Market Premium of Travel Food Services IPO is ₹11 per share (1.00%).
What is the lot size of Travel Food Services IPO?
The minimum lot size of Travel Food Services IPO is 13 shares & the minimum application amount is Rs. 14300.
When is the allotment of Travel Food Services IPO?
The allotment date of Travel Food Services IPO is 10 Jul 25.
What is the listing date of Travel Food Services IPO?
The listing date of Travel Food Services IPO is 14 Jul 25.
What is the subscription of Travel Food Services IPO?
Travel Food Services IPO is subscribed 2.88 times.
What is the price band of Travel Food Services IPO?
Travel Food Services IPO is priced at ₹1045 - ₹1100 per share.
How to check allotment status of Travel Food Services IPO?
Click the allotment link on Travel Food Services IPO page of IPO360.
How to apply Travel Food Services IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Travel Food Services IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Travel Food Services IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Travel Food Services IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date