Latest news with #TravelFoodServices
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Business Standard
18-07-2025
- Business
- Business Standard
Tourism boom, rising spend give wings to travel companies' IPO plans
Last week, airport quick service restaurant player Travel Food Services listed on BSE to raise Rs 2,000 crore premium Akshara Srivastava Gulveen Aulakh New Delhi Listen to This Article Travel companies are riding high on the post pandemic growth in domestic and international tourism and are taking this opportunity to list on the bourses. Last week, airport quick service restaurant player Travel Food Services listed on BSE to raise ₹2,000 crore. On the other hand, Cordelia Cruise Operator Waterways Leisure Tourism had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) last month for an initial public offering (IPO) of ₹727 crore. The closely-connected hospitality industry is also expected to see a flurry of IPOs this year. LaRiSa Hotels and Resorts, for
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Business Standard
14-07-2025
- Business
- Business Standard
Travel Food Services slips on mkt debut; Anthem subscribed 73% on Day 1
Travel Food Services slips on market debut Shares of Travel Food Services, which operates quick-service restaurants and lounges at airports, ended below their issue price during their trading debut on Monday. After hitting a high of ₹1,130 and a low of ₹1,066, the stock ended at ₹1,073 compared to IPO price of ₹1,100. At the last close, the company was valued at ₹14,130 crore. Travel Food's ₹2,000-crore IPO had garnered less than 3 times subscription on Wednesday. In FY25, the company reported a net profit of₹380 crore on revenues of ₹1,688 crore. As of March 25, Travel Food operated 442 travel QSRs and 37 lounges across India, Malaysia and Hong Kong Smartworks Coworking subscribed 13.45 x The ₹583-crore initial public offering (IPO) of Smartworks Coworking Spaces Ltd garnered 13.45 times (x) subscription on the closing day of bidding on Monday. The three-day IPO received bids for 13,99,08,852 shares against 1,04,01,828 shares on offer, as per NSE. The portion for qualified institutional buyers (QIBs) attracted 24.41 times subscription. Non-Institutional Investors part got subscribed 22.78 times and retail individual investors part received 3.53 x subscription. Smartworks Coworking Spaces has raised ₹173.64 crore from anchor company has fixed a price band of ₹387-407 per share for its IPO Anthem subscribed 73% on Day 1 The initial public offer of Anthem Biosciences Ltd got subscribed 73 per cent on the first day of share sale on Monday. The initial share sale received bids for 3,21,13,406 shares against 4,40,70,682 shares on offer, according to NSE data. Non-institutional Investors category garnered 1.55 times subscription, while the quota for Retail Individual Investors (RIIs) got subscribed 58 per cent. The portion for Qualified Institutional Buyers (QIBs) received 37 per cent subscription. Anthem Biosciences has raised ₹1,016 crore from anchor investors.
Mint
14-07-2025
- Business
- Mint
Travel Food Services share price slips 4% after tepid listing. Should you buy, sell or hold?
Travel Food Services IPO listing in focus: Travel Food Services share price made a subdued debut on Dalal Street today, July 14, as the stock listed with a modest premium of 2.27% at ₹ 1,125 apiece on the NSE, compared to the issue price of ₹ 1,100. On the BSE, it opened 2.38% higher at ₹ 1,126.20. Following the lackluster listing, the stock moved lower, falling 4.2% to hit the day's low of ₹ 1,077 apiece. However, it recovered slightly and was last seen trading at ₹ 1,088.90, down 3.21% from the listing price. Though the stock made a weak market debut, analysts remain optimistic about the company's long-term growth prospects, citing its presence across 18 airports and a portfolio of 442 outlets and 37 lounges. Mahesh M. Ojha, AVP of Research and BD at Hensex Securities, highlighted that the company is a leading player in the fast-growing Indian airport travel quick service restaurant (Travel QSR) and lounge sectors, with a market share of approximately 26% in the Travel QSR segment and around 45% in the Lounge segment as of FY2025. He pointed out that the company manages 397 Travel QSRs across India and Malaysia, offering 117 partner and proprietary brands. He added that the business is debt-free, generating positive cash flows, and currently valued at 16.58 times FY25 EV/EBITDA. According to Ojha, investors with a long-term view may continue to hold the stock, while those looking for short-term gains can consider booking profits. Gaurav Goel, founder and director at Fynocrat Technologies, also remains positive on the fundamentals of the company despite weak market sentiment. He emphasized the company's strong backing from promoters SSP Group and K Hospitality, along with its consistent financial performance, including ₹ 1,688 crore in FY25 revenue and healthy EBITDA and PAT margins of 32.8% and 21.5%, respectively. Goel noted the company's industry-leading return ratios, such as ROE of 34.5% and ROCE of 47.7%, supported by its asset-light model and long-term concession agreements. While short-term listing gains may be limited, he believes the company is well-positioned as a differentiated consumption play in a high-growth segment driven by rising Indian air travel and expanding airport infrastructure. Established in 2007, the company 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.
Economic Times
14-07-2025
- Business
- Economic Times
Travel Food Services shares list at 2% premium over IPO price
Travel Food Services, a major player in airport QSRs and lounges, debuted on the BSE with a modest 2.38% premium. The IPO saw moderate investor interest, with strong QIB demand but muted retail participation. Despite solid financials and a first-mover advantage, valuation concerns and limited GMP suggest a measured market outlook for the listing, even with international backing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Travel Food Services , a leading player in airport-based quick service restaurants (QSRs) and lounges, listed at a premium of 2.38% on BSE on Monday. The stock debuted at Rs 1,126.20 on BSE and Rs 1,125 on NSE, compared to its issue price of Rs 1, IPO received a moderate response from investors, closing with 3.03x overall subscription. The QIB (Qualified Institutional Buyer) category saw the strongest demand at 8.10x, while retail participation remained muted at just 0.73x. The NII segment was subscribed 1.67x, reflecting cautious optimism among high-net-worth individuals. Travel Food Services , backed by the UK-based SSP Group, operates 397 QSR outlets and lounges across 14 airports in India and three in Malaysia, including hubs like Mumbai, Delhi, Bengaluru, and company boasts a diverse F&B brand portfolio of 117 partner and in-house brands, catering to the growing demand for food and travel services in high-footfall transit the company reported steady earnings growth in FY25, supported by strong EBITDA margins (40%) and ROE of 35.47%. However, the IPO's valuation at a P/E of 48.6x has drawn some concern, especially given its entirely secondary nature, with no fresh capital anchor investors committed nearly Rs 599 crore ahead of the issue, the lack of overwhelming retail traction and limited upside in GMP indicate a measured market outlook for the a first-mover advantage in India's niche airport F&B segment and strong international backing, the company is well-positioned for long-term growth, though near-term listing fireworks appear unlikely.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
14-07-2025
- Business
- Time of India
Travel Food Services shares tumble 5% from peak after listing on premium
The shares of Travel Food Services , which got listed on the exchanges earlier today, has fallen by 5% from its intraday high of Rs 1,128.90 on the BSE after listing at a gain of 2.6% over the issue price of Rs 1,110. From its issue price, the stock has fallen by 2.12%. Travel Food Services, a prominent operator of airport-based quick service restaurants (QSRs) and lounges, made its stock market debut on Monday with a 2.38% premium on the BSE. The shares opened at Rs 1,126.20 on the BSE and Rs 1,125 on the NSE, against the issue price of Rs 1,100. The IPO saw a moderate response from investors, closing with an overall subscription of 3.03 times. The Qualified Institutional Buyer (QIB) category recorded the highest demand at 8.10 times, while retail investor participation remained subdued at just 0.73 times. The Non-Institutional Investor (NII) segment was subscribed 1.67 times, indicating cautious interest from high-net-worth investors. Live Events Travel Food Services, backed by UK-based SSP Group, operates 397 quick service restaurant outlets and lounges across 14 airports in India and three airports in Malaysia, covering major hubs such as Mumbai, Delhi, Bengaluru, and Chennai. The company offers a diverse food and beverage portfolio comprising 117 partner and in-house brands, serving the rising demand for food and travel services at high-traffic transit locations. Financially, the company reported stable earnings growth in FY25, supported by robust EBITDA margins of 40% and a return on equity (ROE) of 35.47%. However, concerns have been raised over the IPO's valuation , priced at a P/E multiple of 48.6 times, particularly since the offer is entirely secondary with no fresh capital being raised. Also read: Jane Street complies with Sebi, deposits Rs 4,843 crore in escrow account ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
