Travel Food Services IPO day 1 Live: GMP, subscription status, review, other details. Apply or not?
By 11:45 AM on day 1 of bidding, the book build issue had been booked 0.04 times, the retail portion had been subscribed 0.07 times, while the NII segment had been filled 0.03 times.
1] Travel Food Services IPO GMP today: According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today.
2] Travel Food Services IPO date: The public issue has opened today and will remain open until 9 July 2025.
3] Travel Food Services IPO price: The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share.
4] Travel Food Services IPO size: The company aims to raise ₹ 2,000 crore through an entirely open-for-sale (OFS) IPO.
Infographic: Courtesy mintgenie
5] Travel Food Services IPO lot size: Bidders can apply in lots, and one lot comprises 13 company shares.
6] Travel Food Services IPO allotment date: The most likely date for share allocation is 10 July 2025.
7] Travel Food Services IPO registrar: MUFG Intime India Private Limited (Link Intime) has been appointed registrar of the public issue.
8] Travel Food Services IPO lead managers: Kotak Mahindra Capital, HSBC Securities, ICICI Securities, and Batlivala & Karani Securities have been appointed lead managers of the public offer.
9] Travel Food Services IPO listing date: The most likely date for Travel Food Services' share listing is 14 July 2025.
10] Travel Food Services IPO review: Ventura Securities has assigned a 'subscribe' tag to the public issue, saying, "TFS's revenue increased by 20.9% from FY24 to FY25, reaching ₹ 1,762.71 crore. EBITDA grew 34% during the same period, rising from ₹ 549.99 crore in FY24 to ₹ 676.35 crore in FY25. PAT also grew by 27.3%, increasing from ₹ 298.12 crore in FY24 to ₹ 379.66 crore in FY25. TFS operates with zero debt. TFS is expanding into international markets, including Malaysia, Hong Kong, Asia-Pacific, and the Middle East, leveraging its relationship with SSP Group, a UK-based entity. TFS is also expanding opportunities in expressway travel QSRs."
BP Equities has also assigned a 'subscribe' tag, saying, "The issue is valued at a P/E of 39.9x on the upper price band, based on FY25 earnings, representing a discount to listed QSR companies. Therefore, we recommend a SUBSCRIBE rating for the issue."
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