Latest news with #TravelFoodServicesIPO
News18
14-07-2025
- Business
- News18
Travel Food Services IPO Listing Today: What GMP Signals Ahead Of Market Debut On BSE, NSE
Last Updated: Travel Food Services IPO GMP: Travel Food Services IPO received an overall subscription of 2.88 times at the end of three-day subscription window closing. Travel Food Services IPO Listing Today: Travel Food Services IPO is set for market debut on the exchanges today, Monday, July 14. Shares are expected to list on both BSE and NSE at 10:00 am. The grey market premium of IPO signals a flat listing or with marginal gain on the bourses. Travel Food Services IPO received an overall subscription of 2.88 times at the end of three-day subscription window closing. The strongest response came from Qualified Institutional Buyers (QIBs), who subscribed their portion 7.70 times. The Non-Institutional Investors (NIIs) category was subscribed 1.58 times. On the other hand, the Retail Individual Investors (RIIs) portion saw weaker demand, with only 0.69 times subscription, meaning it did not get fully booked. The employee segment saw a good response, getting subscribed 1.72 times, with most bids also coming in at the cut-off price. The price band of the mainboard IPO, which aims to raise Rs 2,000 crore, has been fixed in the range of Rs 1,045 to Rs 1,100. The three-day IPO was opened between July 7 and July 9. Travel Food Services, founded in 2007, operates 397 quick service restaurants (QSRs) and airport lounges across 17 airports in India and Malaysia, with a portfolio of 117 in-house and partner brands. Travel Food Services IPO Listing Price Prediction, GMP According to market observers, unlisted shares of Travel Food Services Ltd are currently trading at Rs 1,125 against its upper IPO price of Rs 1,100. It means a grey market premium or GMP of Rs 25, which is 2,27% over its issue price, indicating marginal gain listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The allotment of Travel Food Services IPO was finalised on July 10, 2025. Option 1: Check Allotment Status on MUFG Intime India (Registrar) Website MUFG Intime India Private Limited is the official registrar for the Travel Food Services IPO. Follow these steps to check your allotment status: Visit the Registrar's Website: Go to the MUFG Intime India IPO allotment page: From the dropdown menu labeled 'Please select company," choose Travel Food Services Limited. Choose Your Search Option: Select one of the following options to check your status: Enter Details: Input the required details based on your selected option (e.g., your PAN number or application number). Complete Verification: Complete the captcha verification (e.g., click 'I am not a robot" or enter the provided code). Submit: Click the Submit button to view your allotment status. The screen will display whether shares have been allotted to you and, if so, the number of shares. Option 2: Check Allotment Status on BSE Website The Bombay Stock Exchange (BSE) provides a portal to check IPO allotment status. Here's how: Visit the BSE Website: Go to the BSE IPO allotment page: Select Issue Type: Under 'Issue Type," choose Equity. Select Issue Name: From the dropdown menu under 'Issue Name," select Travel Food Services Limited. Enter Details: Input either your Application Number or PAN Number. Complete Verification: Click the 'I am not a robot" captcha box to verify your identity. Submit: Click the Search button to view your allotment status. The status will appear on the screen, indicating whether you received shares and the quantity allotted. Retail investors require a minimum capital of Rs 13,585 to apply for the IPO. Travel Food Services IPO: Other Info The IPO is entirely an offer for sale (OFS) of shares worth Rs 2,000 crore by promoter Kapur Family Trust. The offer includes reservations for subscriptions by eligible employees. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder. It raised nearly Rs 600 crore from anchor investors, days before its IPO opening for public subscription. Travel Food Services launched its first travel quick-service restaurant (QSR) outlet in 2009. It is promoted by SSP Group plc (SSP) and its affiliates SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd along with the Kapur Family Trust, Varun Kapur and Karan Kapur. SSP, an FTSE 250 company listed on the London Stock Exchange, is recognised as a global leader in the Travel Food & Beverage (F&B) sector based on revenue in 2024, as per the Crisil report. The Kapur Family Trust operates under the flagship brand K Hospitality, which oversees and invests in several hospitality and food service businesses, including Travel Food Services (collectively referred to as K Hospitality). Headquartered in Mumbai, Travel Food Services' portfolio features a diverse selection of food and beverage (F&B) concepts, including fast food, cafes, bakeries, food courts and bars, primarily located in airports and some highway locations. The company's presence spans 14 airports in India, including major hubs like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai, as well as three airports in Malaysia, as of June 30, 2024. Its QSR outlets are predominantly located within airports, with select locations along highways. It also operated 31 lounges in India and Malaysia as of the same date and expanded internationally by opening a new lounge in Hong Kong in July this year. The international brands include renowned names such as KFC, Pizza Hut, Wagamama, Coffee Bean & Tea Leaf, Jamie Oliver's Pizzeria, Brioche Doree, Subway, and Krispy Kreme. The regional Indian brands in its network feature popular chains such as Third Wave Coffee, Hatti Kaapi, Sangeetha, Bikanervala, Wow Momo, The Irish House, JOSHH, Adyar Ananda Bhavan and Bombay Brasserie. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. view comments Location : New Delhi, India, India First Published: July 14, 2025, 07:41 IST News business » markets Travel Food Services IPO Listing Today: What GMP Signals Ahead Of Market Debut On BSE, NSE Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
02-07-2025
- Business
- Business Standard
Travel Food Services IPO: Key dates, price band, GMP; all you need to know
Travel Food Services IPO: The Mumbai-based travel quick service restaurant (QSR) company Travel Food Services is set to launch its maiden public issue on Monday, July 7, 2025. Ahead of the opening, the bidding for anchor investors is scheduled to take place on Friday, July 4. Travel Food Services IPO aims to raise ₹2000 crore through an offer for sale (OFS) of 18.2 million equity shares. There is no fresh issue component. Kapur Family Trust is the promoter selling shareholder. The company has reserved not more than 50 per cent of the net offer for qualified institutional buyers, not less than 35 per cent for retail investors, and not less than 15 per cent for non-institutional investors. As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP): Travel Food Services IPO price band, lot size Travel Food Services shares will be offered at a price band of ₹1,045 to ₹1,100 per share. Accordingly, investors can bid for a minimum of one lot comprising 13 shares and in multiples thereof. The minimum investment required by a retail investor is ₹14,300 at the upper end price. A retail investor can bid for a maximum of 13 lots or 169 shares, amounting to ₹1,85,900. Travel Food Services IPO grey market premium (GMP) today The unlisted shares of Travel Food Services were trading flat at ₹1,100 per share in the grey market, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Travel Food Services IPO remains nil on Wednesday, July 2. Travel Food Services IPO allotment date, listing date The public offering will remain open for subscription until Wednesday, July 9, 2025. The basis of allotment is expected to be finalised on Thursday, July 10, 2025, with shares expected to be credited into demat accounts on Friday, July 11, 2025. Shares of Travel Food Services are scheduled to list on the BSE and NSE on Monday, July 14, 2025. Travel Food Services IPO registrar, lead manager MUFG Intime India, formerly Link Intime, is the registrar for the issue. Kotak Mahindra Capital Company, HSBC Securities and Capital Markets (India), ICICI Securities and Batlivala & Karani Securities are the book-running lead managers. Travel Food Services IPO objective As per the RHP, the company will not receive any proceeds from the offer, and all the offer proceeds will be received by the promoter selling shareholder after deduction of offer-related expenses. About Travel Food Services Travel Food Services operates a travel quick service restaurant (QSR) and lounge business across airports in India, Malaysia and Hong Kong. It offers quick service formats adapted for the travel environment, such as fast food, cafes, bakeries, food courts, and bars, mainly within airports as well as at select highway sites in order to serve travellers' demands for speed and convenience. The company also runs Travel QSR outlets at select highway sites in India. As of March 31, 2025, the company has 37 lounges across India, Malaysia and Hong Kong. Travel Food has presence across 14 airports in India, three airports in Malaysia and one airport in Hong Kong. In FY25, the company reported revenue from operations of ₹1,687.7 crore, up 20.8 per cent from ₹1,396.3 crore in FY24. The company's profit for the year rose 27.3 per cent to ₹379.6 crore in FY25 from ₹298.1 crore in FY24.
