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Mint
an hour ago
- Mint
Travel Food Services share price Live: Stock makes a lukewarm debut, opens with 2.27% premium at ₹1,125 on NSE
Travel Food Services share price made a lukewarm debut on the bourses today. On NSE, Travel Food Services share price opened at ₹ 1,125 per share, 2.27% higher than the issue price of ₹ 1,100. On BSE, Travel Food Services share price today opened at ₹ 1,126.20 apiece, up 2.38% than the issue price. Shares of Travel Food Services Ltd made its debut in the Indian stock market today. Travel Food Services IPO listing was scheduled at 10:00 IST on the bourses today (Monday, July 14). Travel Food Services shares was part of Special Pre-open Session (SPOS), as per BSE notice. Experts predicted that the Travel Food Services IPO expected listing price is likely to see slight gains compared to its issue price. Travel Food Services IPO allotment status was finalised on Thursday, July 10. Travel Food Services IPO opened for subscription on Monday, July 7 and closed on Wednesday, July 9. Travel Food Services IPO subscription status on the last bidding day was 2.88 times. The company fixed a price band of ₹ 1,045 to ₹ 1,100 per share for its IPO. Travel Food Services established its inaugural travel quick-service restaurant (QSR) in 2009. It is backed by SSP Group plc (SSP) along with its affiliates, including SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd, and the Kapur Family Trust, Varun Kapur, and Karan Kapur. Based in Mumbai, Travel Food Services boasts a varied lineup of food and beverage (F&B) concepts, which encompasses fast food, cafes, bakeries, food courts, and bars, mainly situated in airports and select highway locations. As of June 30, 2024, the company operates in 14 airports across India, including key hubs such as Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai, as well as three airports in Malaysia. Optimize their product offerings and service to grow like-for-like ('LFL') sales. Grow new space in existing markets and build strategic presence in new markets. Deliver operating synergies and leverage scale benefits. Optimise capital expenditure through best practices. Leading player in the Travel QSR and Lounge sectors in Indian airport Strong expertise in operating and handling the distinct challenges of F&B in the operationally complex and highly secure airport environment Proven and established track record of long-term working relationships with airport operators Diversified portfolio of partner F&B brands franchised from high-quality brand partners and inhouse F&B brands Deep understanding of traveller preferences with a focus on delivering a quality customer experience As of March 31, 2025, they operated a total of 442 Travel QSRs, including 384 outlets across 13 airports in India, 29 outlets at two airports in Malaysia, and 29 outlets across nine highway sites in India. Travel Food Services share price made a lukewarm debut on the bourses today. On NSE, Travel Food Services share price opened at ₹ 1,125 per share, 2.27% higher than the issue price of ₹ 1,100. On BSE, Travel Food Services share price today opened at ₹ 1,126.20 apiece, up 2.38% than the issue price. According to details on the BSE website, Travel Food Services share price will list in a special pre-open session on both the BSE and NSE during Monday's trades. As per a notification from BSE, Trading Members of the exchange are hereby advised that starting Monday, July 14, 2025, the equity shares of Travel Food Services will be listed and authorised for trading on the exchange as part of the 'B' Group of Securities. Gaurav Goel, Founder & Director at Fynocrat Technologies said that The Travel Food Services IPO was subscribed 3.03 times overall, with strong demand from QIBs (8.10x), while NII and retail segments saw lower interest at 1.67x and 0.73x respectively. The current GMP stands at ₹ 42, implying a marginal 3.8% listing gain, reflecting subdued market enthusiasm, possibly owing to the 100% Offer for Sale (OFS) structure, which doesn't infuse fresh capital into the company. Similarly, Mahesh AVP Research and BD, Hensex Securities Pvt Ltd, also expects 3-5% listing gain. 'Investor who applied for long term view can hold however, investor who applied for short term can book listing gain,' added Ojha. Travel Food Services IPO GMP today or Travel Food Services IPO grey market premium is +25. This indicates Travel Food Services' share price was trading at a premium of ₹ 25 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Travel Food Services share price was indicated at ₹ 1,125 apiece, which is 2.27% higher than the IPO price of ₹ 1,100. After analyzing the grey market activities from the last 18 sessions, the present GMP ( ₹ 25) indicates a trend towards declining values. The minimum GMP recorded is ₹ 0.00, whereas the maximum GMP reached is ₹ 92, as per the experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price.


Time of India
an hour ago
- Time of India
Jeffrey Epstein files: Ghislaine Maxwell is ready to reveal the 'truth'; offers to testify before Congress
Ghislaine Maxwell with Jeffrey Epstein (File Photo) Jeffery Epstein's former girlfriend Ghislaine Maxwell is ready to testify before the US Congress about the Epstein files, UK news outlet Daily Mail reported citing sources. Daily Mail reported that Maxwell, who is serving a 20-year sentence for child sex trafficking, is "more than happy to sit before Congress and tell her story." However, the US government has never asked her to disclose what she knows. Maxwell is also seeking to appeal her conviction in the US Supreme Court. On July 14, lawyers for the US government will submit their response to her plea for the Supreme Court to take up her case. Maxwell was convicted in 2022 over her role in a scheme to help Epstein sexually exploit and abuse multiple underage girls over the course of a decade. She argues that she should have been protected under a 2007 Non-Prosecution Agreement reached between Epstein and prosecutors. In that deal, he pleaded guilty to two minor charges of prosecution and had to spend little time behind bars. The source further added that while Trump was seen with Epstein in public and social events, he was also one of the first to cut ties with him, reportedly due to a business dispute and Epstein's treatment of women. "There are no big shocks about President Trump in the Epstein Files. But there are a lot of powerful men involved and a lot of money and it will come down to following the money," it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Redefine Your Future with a Top Online MBA JAIN Online Learn More Undo This comes amid the ongoing criticism of the Trump administration after the department of justice's claim that there is no Epstein 'client list' and over surveillance footage from the jail where Epstein died in 2019. he DOJ maintains that Epstein died by suicide in a New York jail cell while awaiting trial on sex trafficking charges. However, critics have pointed to a missing portion of the jail video, which does not show the jail door or the inside of Epstein's cell. The DOJ has stated that no further prosecutions are expected in connection with Epstein's case. That includes British royal Prince Andrew, who was accused by Virginia Giuffre of sexually abusing her when she was 17. Prince Andrew has denied the allegations and settled a civil case with Giuffre without admitting any wrongdoing. Responding to the accusations on Saturday, in a lengthy post on Truth Social, Trump posted 'For years, it's Epstein, over and over again. Why are we not giving publicity to files written by Obama, Crooked Hillary, Comey, Brennan and the losers and criminals of the Biden administration?' A source close to Maxwell said she 'would welcome the chance to sit in front of Congress and tell her story." The source added that the Epstein Files are as significant as other historic cases that have led to congressional hearings, such as former President John F Kennedy's assassination and 9/11 attacks. This has sparked criticism among MAGA allies of Trump, with some accusing the Justice Department of covering up details of the case. Some of Trump's supporters have also blamed Attorney General Pam Bondi for failing to release all files related to Epstein and his alleged associates. Several of Epstein's victims have claimed they were abused by the financier and passed around to his wealthy friends and powerful associates, including those who visited his private island, Little Saint James.


United News of India
an hour ago
- United News of India
Omar Abdullah slams local media silence over detention of elected leaders on Martyrs' Day
Srinagar, July 14 (UNI) Chief Minister Omar Abdullah today accused a large section of local newspapers in Jammu and Kashmir of deliberately burying the 'mass detention' of the elected government along with most elected representatives on the Martyrs' Day. The administration of Lieutenant Governor Manoj Sinha denied permission for any event to mark the anniversary of the July 13, 1931 killings in Kashmir during a protest against Hari Singh, ruler of the then princely state of Jammu and Kashmir under British paramountcy. The administration also imposed strict restrictions in parts of Srinagar and warned of strict action against anyone who tried to proceed towards the Martyrs' graveyard, the resting place of 22 people who were killed during the protest. The Chief Minister after arriving from Delhi last evening alleged that he and the elected representatives were "locked up" and termed it as the 'tyranny of the unelected' in Jammu and Kashmir. The CM was also allegedly barred from visiting Martyrs graveyard. Taking to social media today, Omar expressed deep disappointment that the majority of the local newspapers have buried the news story on their house detention. 'Take a look at our local newspapers -- both from Jammu & from Srinagar, English & vernacular. You'll be able to distinguish the cowards from the ones with guts. The cowards have completely buried the fact that the entire elected government was locked up yesterday along with most elected representatives. The newspapers with some guts have put it on the front page. Shame on the sellouts who buried the story. I hope the size of the envelope was worth it,' Omar said on X. There was no immediate response from media bodies over the Chief Minister's remarks. UNI MJR AAB PRS