logo
Muted Debut! Travel Food Services shares list at  ₹1,125 on NSE, up just 2.27% from IPO price

Muted Debut! Travel Food Services shares list at ₹1,125 on NSE, up just 2.27% from IPO price

Mint14-07-2025
Travel Food Services IPO listing: Shares of Travel Food Services made a muted debut on the bourses on Monday, July 14, listing at ₹ 1,125 on NSE, a premium of just 2.27 percent from its IPO price of ₹ 1100. Meanwhile, on BSE, it listed at ₹ 1,126.20, up 2.38 percent from issue price.
The initial public offering (IPO), with a total issue size of ₹ 2000 crore, was open for bidding from July 7 to July 9. The offering received a decent overall response from investors, closing with a subscription of 3.03 times.
During the three-day subscription window, the IPO garnered bids for 3.86 crore shares against the 1.27 crore shares available. The retail investor category was subscribed 0.73 times while the non-institutional investor (NII) segment witnessed 1.67 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 8.10 times. Moreover, the employee quota was booked 1.81 times in the 3 days of bidding.
The IPO is entirely an offer for sale of 1.8 crore shares with no fresh issue of shares. The IPO has a lot size of 13 shares, with the minimum investment for a retail individual investor set at ₹ 14,300. Additionally, the issue includes a reservation of up to 40,382 shares for employees offered at a discount of ₹ 104.00 to the issue price.
The company will not benefit financially from the Offer, as the entire proceeds will be directed to the Promoter Selling Shareholder.
Travel Food Services successfully raised ₹ 598.80 crore from anchor investors on Friday, July 4, 2025, ahead of its IPO.
Kotak Mahindra Capital is the book-running lead manager of the IPO, while MUFG Intime India Private Limited (Link Intime) is its registrar.
Travel Food Services Limited, established in 2007, is a prominent player in India's airport-based food and beverage sector. The company operates in the quick service restaurant (Travel QSR) and airport lounge segments, offering a comprehensive portfolio of food and hospitality solutions tailored for travelers.
As of June 30, 2024, the company manages 397 Travel QSR outlets across airports in India and Malaysia. Its food and beverage operations span across 117 partner and in-house brands, delivering diverse cuisines and formats that cater to the needs of passengers looking for fast, convenient, and quality dining experiences while in transit.
In addition to QSRs, Travel Food Services also runs premium lounges within airport terminals, primarily serving first and business-class travelers, members of airline loyalty programs, and select credit/debit card holders. These lounges offer a comfortable, upscale environment for travelers to relax before their flights.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mukesh Ambani loses Rs 1146870000000, Ratan Tata's company TCS suffers losses of Rs 200800000000 due to…
Mukesh Ambani loses Rs 1146870000000, Ratan Tata's company TCS suffers losses of Rs 200800000000 due to…

India.com

time19 minutes ago

  • India.com

Mukesh Ambani loses Rs 1146870000000, Ratan Tata's company TCS suffers losses of Rs 200800000000 due to…

The combined market capitalisation of six out of the top 10 most valued companies fell by ₹2.22 lakh crore last week, with Reliance Industries witnessing the steepest decline, in line with the broader bearish trend in equities. During the same period, the BSE benchmark index slipped 294.64 points, or 0.36%. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 2,22,193.17 crore from their market valuation. HDFC Bank, Bharti Airtel, ICICI Bank and State Bank of India made gains in their valuation. Reliance Industries Share Price Decline The valuation of Reliance Industries tumbled Rs 1,14,687.7 crore to Rs 18,83,855.52 crore, the most among the top-10 firms. Infosys faced an erosion of Rs 29,474.56 crore to Rs 6,29,621.56 crore from its market capitalisation (mcap). The valuation of LIC tanked Rs 23,086.24 crore to Rs 5,60,742.67 crore and that of TCS dropped by Rs 20,080.39 crore to Rs 11,34,035.26 crore. MCAP Of HDFC Bank ICICI Bank The mcap of Bajaj Finance declined by Rs 17,524.3 crore to Rs 5,67,768.53 crore and that of Hindustan Unilever fell by Rs 17,339.98 crore to Rs 5,67,449.79 crore. However, the market valuation of HDFC Bank jumped Rs 37,161.53 crore to Rs 15,38,078.95 crore. ICICI Bank added Rs 35,814.41 crore taking its valuation to Rs 10,53,823.14 crore. The mcap of Bharti Airtel climbed Rs 20,841.2 crore to Rs 11,04,839.93 crore and that of State Bank of India went up by Rs 9,685.34 crore to Rs 7,44,449.31 crore. Reliance Industries remained the most valued domestic firm followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC. (With Inputs From PTI)

TCS axes 12,000 jobs; Ola loses steam in EV race
TCS axes 12,000 jobs; Ola loses steam in EV race

Time of India

timean hour ago

  • Time of India

TCS axes 12,000 jobs; Ola loses steam in EV race

TCS axes 12,000 jobs; Ola loses steam in EV race Also in the letter: TCS to lay off 12,000 employees after tepid Q1 Quote, unquote: Parting gift: Affected employees will receive payment for their notice periods and an additional severance package. TCS will continue insurance coverage and offer outplacement assistance to help transition. The company also plans to provide counselling and support as laid-off staff explore new opportunities. Hiring slack: Also Read: Ola's Krutrim to lay off linguistics team Tell me more: Zoom out: Ather Energy narrows gap with Ola Electric as EV sales decline amid rare earth magnet crunch Volume slide: The volume gap between the two has shrunk dramatically. Only 526 units separated them in July, down from over 5,000 in June. It isn't just an Ola problem. The overall EV two-wheeler market contracted by 21.6% month-on-month in July. Legacy players TVS Motor and Bajaj Auto also suffered, reporting sharp sequential drops of 31% and 27.4%, respectively. Rare earth concerns: China's curbs on rare earth magnet exports have begun to bite, forcing several EV makers, including Ather, Bajaj, and TVS, to prepare production cuts, as we reported earlier this month. These magnets are critical to motors that power most electric scooters. Also Read: Ola's challenges: Sales data discrepancies, vehicle quality complaints and missing trade certificates at several of its retail outlets have added to the pressure. The company's stock has been underwhelming since its debut, closing Friday at Rs 41.2 on the BSE, nearly half its IPO price of Rs 76. Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Lenskart gets shareholder nod to raise Rs 2,150 crore via IPO Driving the news: Road to listing: Lenksart is expected to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in the coming days. The total issue size is likely to be around $1 billion, according to people aware of the matter. All aboard: PaySense cofounder Sayali Karanjkar and IndMoney founder Ashish Kashyap have joined the board as independent directors. Peyush Bansal takes charge as chairman, managing director and CEO of Lenskart. Neha Bansal and cofounder Amit Chaudhary have been appointed executive directors Al so Read: Quick fashion delivery startups lean on AI, try-and-buy to cut costly returns Returns in focus: Knot said partner brands that see almost 20% return rates online are now clicking under 1% in offline trials, thanks to digital interventions. Slikk, which is testing an 'instant returns' option, claimed return rates are 40–50% lower than on traditional platforms. Other venture-backed startups such as Zilo and Zulu Club are also experimenting with similar tools. Myntra, meanwhile, said its MNow quick delivery offering is seeing fewer returns, citing shorter delivery windows as the reason. Investor interest: For labels, it is a way to prevent sales loss from stuck inventory. For shoppers, it means less money is held up in refund cycles. Old idea, new bets: Viability question: Also Read: Keeping Count Other Top News By Our Reporters GCC hiring hotspot: Amagi Media files for IPO: Global Picks We Are Reading Happy Monday! India's largest software exporter is trimming 2% of its workforce as demand woes persist. This and more in today's ETtech Morning Dispatch.■ Lenskart IPO plans■ Quick fashion plays 'no return' game■ Mid-tier GCC hiring picks upK Krithivasan, CEO, TCSTata Consultancy Services, India's largest software exporter, is laying off over 12,000 employees —about 2% of its 613,069-strong workforce—as macro headwinds and disruptions weigh on business demand.'TCS is on a journey to become a future-ready organisation… As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible,' the company said in a top six IT firms added just 3,847 employees in the June quarter, down 72% from 13,935 in the March TCS and Infosys reported a net headcount increase during the AI unit, Krutrim, is laying off most of its linguistics team , just months after hiring them. The move follows a pivot in company strategy and delays in 100 full-time linguists, hired to train Kruti, Ola's new AI assistant, are being let go, according to people familiar with the to internal documents reviewed by ET, the layoffs stem from a shift in organisational priorities triggered by external Aggarwal, CEO, Ola Electric & Tarun Mehta, CEO, AtherOla Electric's pivot from aggressive growth to profitability is starting to show cracks. Its market share in the electric two-wheeler segment slipped to 17.2% as of July 27 , with rival Ather Energy now breathing down its neck at 16.5%.Much of the slowdown stems from a growing supply meanwhile, is grappling with more than just supply Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Bansal, CEO, LenskartLenskart shareholders have approved the eyewear retailer's plans to raise Rs 2,150 crore ($250 million) through an initial public offering (IPO), according to regulatory filings with the Registrar of the annual general meeting on Saturday, the omnichannel brand secured the go-ahead to tap the public markets, a major step in its expansion in the 60-minute fashion delivery race are leaning on 'try and buy' options and artificial intelligence (AI)-powered virtual try-ons to tackle one of ecommerce's thorniest problems : high return believe these features could slash return rates by 15–20 percentage points, unlocking serious savings for both platforms and first tried this in 2016, but the idea fizzled out due to supply chain constraints and patchy delivery networks, industry executives told us. Now, logistics have improved, but challenges increases costs, as delivery executives must wait while customers decide. Some items still get returned, straining already tight by mid-size GCCs, defined as those with 500–2,000 employees, increased by 10–12% in the six months ending June, compared with a 4–6% growth among large GCCs, according to data from staffing services provider Quess to the draft IPO papers filed with the market regulator, Amagi plans to raise Rs 1,200 crore through a fresh issue of shares. Additionally, investors such as Norwest Venture Partners, Accel, and Premji Invest plan to sell up to 34.2 million shares through an offer for sale (OFS).■ Bryan Johnson is going to die ( Wired ■ Breaking down Trump's big gift to the AI industry ( The Verge ■ Saudi Aramco wants a Google spinoff to turn its waste into wealth ( Rest of World

Best ways to invest in gold that hit record highs in H1
Best ways to invest in gold that hit record highs in H1

New Indian Express

time9 hours ago

  • New Indian Express

Best ways to invest in gold that hit record highs in H1

Gold, which has never ceased to be the safe-haven asset so far, has gained 26% in the first half of 2025 becoming one of the top-performing major asset classes. The precious metal has scaled 26 new all-time highs during this period in global markets—including once crossing the sensitive Rs 1 lakh/10 grams mark in the domestic markets when the metal crossed $3,500/ounce-mark in the third week of April. This 26 new life-time highs came in after breaking through a 40-new-record streaks in 2024 when it had rallied 24% over a 22% rally in the previous year. What makes the metal so alluring to investors? There are many a reason, with the shining allure it has for women as a jewellery (our households are sitting over close to 26,000 tonnes of gold in jewellery alone) and its ready fungibility/encashability when in need of ready cash being the top reasons for its allurement. Let's look at some of the best ways to invest in this metal, even though investment experts recommend allocating only a small portion (5–10%) of your portfolio to precious metals. According to the World Gold Council, a combination of a weaker US dollar, range-bound interest rates and a highly uncertain geo-economic environment has resulted in strong investment demand for gold. Another equally important driver is the continuing central bank demands led by the Reserve Bank and the central bank of China among others. The council sees at least 5% more spike in prices during the course of the year and 10-15% more if current volatile economic conditions deteriorate further exacerbating stagflationary pressures—that's the metal reaching $3,840/ounce by end December and translating into an annual return of 40%. But many Wall Street watchers have predicted the metal hitting the $4,000/ounce mark by December. Experts recommend allocating only a small portion, say 5–10% of your investment portfolio to precious metals, including silver and the following are the best ways to take exposure to this metal. The easiest way is investing in sovereign gold bonds (SGBs) launched in 2015, but since last year the SGBs have been discontinued. Starting 2015, the RBI had launched 67 SGB tranches-- each being an eight-year instrument with a five-year lock-in--issuing 14.7 crore units. They were listed and traded in the cash segment of the BSE and the NSE and investors could buy and sell them through demat accounts. Gold Exchange Traded Funds (ETFs) Given that no new SGBs are being issued, the best option available to own non-physical gold is to go in for gold ETFs which track the domestic physical prices of the metal. Each gold ETF unit represents the physical gold and is based on gold prices and invest in physical bullion. One gold ETF unit equals 1 gram of gold, backed by high-purity physical metal. Why ETFs? Because they are safe and have higher liquidity as they are listed and are traded every day. Though, there are brokerage charges they are way less than the making charges on physical jewellery. The expense ratio in gold ETFs is also lower than that of gold MFs. On the negative side, since ETFs track the price of gold, they are subject to volatility. To invest in an ETF, one needs to have a demat account. There are entry and exit loads and the investor has to pay brokerage every time. Gold Mutual Funds Gold mutual funds are open-ended funds that invest in the units of a gold ETF with the ultimate goal of creating wealth using the potential of gold as a commodity. Gold MF units are priced differently-- in the form of net asset value disclosed at the end of the trading session—as opposed to gold ETFs which are linked to physical prices. Since gold MFs are actively managed, they have the potential to outperform the metal price over time. They also offer the convenience of investing through a fund house. On the negatives, gold MFs take a higher expense ratio than ETFs, typically around 1-2% apart from the risk of underperformance-- the return can be lower than gold price over time. In comparison to gold ETFs, gold MFs have low minimum investment requirements, making them more accessible for retail investors. Also, you don't need a demat account to invest in this form of gold.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store