Travel Food Services Limited IPO
Travel Food Services IPO: The initial public offering is solely an offer for the sale of 1.82 crore equity shares aggregating to ₹2,000 crore
Travel Food Services I ... Airport quick-service restaurant operator Travel Food Services' mainboard initial public offering will open for public subscription on Monday, July 7. The price range has been fixed at ₹1,045 to ₹1,100 per share. The company's shares will hit the secondary market on July 14.
Read moreIPO Timeline
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07 Jul 2025Bidding Starts
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09 Jul 2025Bidding Ends
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10 Jul 2025Allotment Finalization
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11 Jul 2025Refund Date
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11 Jul 2025Demat Date
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14 Jul 2025Listing Date
Travel Food Services Limited IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 1,332.32 Cr | 1,103.58 Cr | 251.30 Cr |
| 31 Mar 2024 | 1,696.44 Cr | 1,462.40 Cr | 298.12 Cr |
| 31 Mar 2025 | 1,902.73 Cr | 1,762.71 Cr | 379.66 Cr |
About Travel Food Services Limited IPO
Travel Food Services Limited, founded in 2007, is one of the prominent Indian airport travel quick service restaurant (“Travel QSR”) and lounge (“Lounge”) sectors in India. The Travel QSR b ...
Travel Food Services IPO: Strengths
- According to the CRISIL Report, the company is among leading players in travel QSR and lounge sectors in airports in India as per the revenue in the financial year 2024-25. Its network spanned 14 airports in major hubs like Delhi, Mumbai, Bengaluru, Chennai, and Hyderabad, which had collective airport traffic of 303 million passengers in FY25. These airports accounted for 89% of the total airport traffic in the 20 largest airports in the country.
- The company has a deep set of expertise in operating and handling food and beverage business in the operationally complex and highly secure airport environment.
- It has long-term working relationships with airport operators. It has a presence of more than 15 years in Delhi and Mumbai airports. Eleven years of experience in Chennai and Kolkata airports and six years of presence in Bengaluru airport.
Travel Food Services IPO: Risks
- The firm derived 95.55% of revenue from operations in FY25 from travel QSRs and lounges, with 85.94% of it coming from the top 5 airports. Termination of the concession agreement or a decrease in passenger traffic can impact revenue.
- Revenue from franchised brand partners stood at 54.37% of Travel QSR revenue in FY25. Failure to attract new brand partners or maintain existing ones could affect business.
- There are outstanding legal matters against the firm, certain promoters and directors and one of its subsidiaries. Any adverse decision in such cases may render the company liable to liabilities or penalties, which may affect business.
Travel Food Services IPO Objectives
The company will not receive any proceeds from the offer; all proceeds will go to the Promoter Selling Shareholder after deductions. But the issuance might achieve the following purposes:
- The offer aims to sell up to ₹20,000 million worth of shares by the Promoter Selling Shareholder.
- The objective includes listing the Equity Shares to boost brand visibility and market presence.
- The listing is expected to provide liquidity and enable a public market for the shares in India.
Promoters of Travel Food Services IPO
The promoters of the company are SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited and Kapur Family Trust.
FAQs
What is Travel Food Services IPO Issue Size?
Travel Food Services IPO issue size is ₹2000 crores.
What is Travel Food Services IPO Price Band?
Travel Food Services IPO Price Band is ₹1045 to ₹1100.
What is Travel Food Services IPO Lot Size?
The minimum bid is 13 Shares with ₹14,300 amount.
What is the Travel Food Services IPO Allotment Date?
Travel Food Services IPO allotment date is July 10, 2025.
What is the Travel Food Services IPO Listing Date?
Travel Food Services IPO listing date is July 14, 2025. The IPO is to list on BSE & NSE.
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