Latest news with #TravelFoodServicesLimited
India Today
10-07-2025
- Business
- India Today
Travel Food Services allotment: Step-by-step to check allotment status
The allotment of shares for the initial public offering (IPO) of Travel Food Services Limited is set to be finalised on Thursday, July 10. The public issue closed on July 9 after a three-day bidding window. Investors who applied for shares will now be able to check if they have received any IPO of Travel Food Services was subscribed 3.03 times in total. In the qualified institutional buyers (QIB) category, the issue saw a strong response with 8.10 times subscription. The non-institutional investors (NII) category was subscribed 1.67 times, while the retail portion was subscribed only 0.73 times, showing a weaker response from small IPO offered 1,27,42,199 shares and received bids for 3,86,69,878 shares, raising Rs 4,253.68 crore in total. The company had aimed to raise Rs 2,000 crore through the issue, which was entirely an offer for sale (OFS) of 1.82 crore equity price band was fixed between Rs 1,045 and Rs 1,100 per share. The minimum application size for retail investors was 13 shares, which translates to a minimum investment of Rs 13, TO CHECK ALLOTMENT STATUSInvestors can check their allotment status either through the BSE website or the registrar's platform, MUFG Intime India Private Limited (Link Intime India Pvt Ltd). Here is a step-by-step guide to check the allotment:To check on the BSE website:Go to the official website of the Bombay Stock on the 'Equity' option in the IPO allotment 'Travel Food Services Limited' from the dropdown your application number and PAN in the captcha as on 'Search' to view your allotment check on the Link Intime website:Visit the Link Intime India Private Ltd on the IPO allotment status 'Travel Food Services Limited' from the dropdown one of the options to search: Application Number, Demat Account Number, or the required details and captcha on 'Submit' to view the allotment MARKET PREMIUM (GMP) FALLS TO ZEROThe grey market premium (GMP), which is an unofficial indicator of expected listing performance, has fallen sharply in recent days. The GMP had started at Rs 92 per share when the IPO opened, but as of the morning of July 10, the premium has dropped to the price band at Rs 1,100 per share, the estimated listing price is also Rs 1,100, suggesting there may be no gain or loss for investors based on the last available GMP. The drop in GMP could be due to weak retail interest and general market shares of Travel Food Services are scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, July 14, THE COMPANYFounded in 2004 and based in Mumbai, Travel Food Services operates food and beverage outlets across major airports in India. The company runs a mix of in-house and international brands, offering a wide variety of quick-service restaurants, cafs, and lounges to have highlighted the company's airport-focused business model and strong presence in high-traffic areas. Several brokerage houses gave a 'subscribe for long term' rating to the IPO, citing growth potential in India's expanding aviation that the allotment is due, all eyes will be on the listing next week to see how the stock performs in a choppy market.- Ends advertisement
Indian Express
09-07-2025
- Business
- Indian Express
Travel Food Services IPO allotment on July 10: Know how to check status online via PAN
Travel Food Services IPO: Following the close of the subscription of initial public offering (IPO) of Travel Food Services Limited, all eyes of the investors will now be on the finalisation of the allotment of shares. The Travel Food Services IPO allotment will take place on July 10. The initial share sale received bids for 3,86,35,064 shares against 1,34,12,842 shares on offer, as per NSE data. According to the PTI, the initial public offer of Travel Food Services Ltd got subscribed 2.88 times on the closing day of bidding on Wednesday. Qualified Institutional Buyers (QIBs) part fetched 7.70 times subscription while the category for non-institutional investors received 1.58 times subscription. Retail Individual Investors (RIIs) quota got subscribed 69 per cent. Travel Food Services Limited has a price band of Rs 1,045 to Rs 1,100 per share. According to the details available, the Travel Food Services IPO is slated to be finalised on July 10. The Travel Food Services IPO allotment status will be released online on the official website of the registrar — MUFG Intime India Private Limited. Additionally, the allotment status will also be made available on the official websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Travel Food Services IPO Allotment Status Check on MUFG Intime India Private Limited – Travel Food Services IPO Allotment Status Check on BSE Direct Link – Travel Food Services IPO Allotment Status Check on NSE Direct Link – a. Visit the IPO registrar – MUFG Intime India Private Limited website b. Login at the direct link for Travel Food Services IPO allotment c. In the Company Selection section, select 'Travel Food Services Limited' from the drop-down box. d. In the Selection Type section, select Pan Number or Application Number. Enter the application number or PAN details for the Travel Food Services IPO. e. The allotment status of the Travel Food Services IPO will be displayed on the screen.
Mint
07-07-2025
- Business
- Mint
Travel Food Services IPO day 1 Live: GMP, subscription status, review, other details. Apply or not?
Travel Food Services IPO: The initial public offering (IPO) of Travel Food Services Limited has opened today and will remain open until 9 July 2025. The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share. The book build issue is proposed for listing on the NSE and the BSE. The company aims to raise ₹ 2,000 crore, which is completely offered for sale (OFS). Shares of the company are available in the grey market. According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today. 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."
Mint
07-07-2025
- Business
- Mint
Travel Food Services IPO day 1: GMP, subscription status, review, other details. Apply or not?
Travel Food Services IPO: The initial public offering (IPO) of Travel Food Services Limited has opened today and will remain open until 9 July 2025. The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share. The book build issue is proposed for listing on the NSE and the BSE. The company aims to raise ₹ 2,000 crore, which is completely offered for sale (OFS). Shares of the company are available in the grey market. According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today. By 10:09 AM on day 1 of bidding, the book build issue had been booked 0.01 times, the retail portion had been subscribed 0.02 times, while the NII segment had been filled 0.01 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." Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Indian Express
05-07-2025
- Business
- Indian Express
Travel Food Services IPO subscription to open next week; secures Rs 600 crore from anchor investors
Travel Food Services IPO: The three-day subscription of initial public offering (IPO) for Travel Food Services Limited will open next week. According to the BSE, the Travel Food Services IPO will open on for public subscription on July 7 and conclude on July 9. The proposed 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. Travel Food Services Limited has raised nearly Rs 600 crore from anchor investors, days before its IPO opening for public subscription, reports PTI. Among the anchor investors are ICICI Prudential Mutual Fund (MF), Axis MF, Kotak MF, Baroda BNP Paribas MF, Abu Dhabi Investment Authority, Fidelity and Government Pension Fund Global, according to a circular uploaded on BSE's website. Travel Food Services Limited has a price band of Rs 1,045 to Rs 1,100 per share. MUFG Intime India Private Limited is the registrar for the Travel Food Services IPO. The face value and tick size of Travel Food Services IPO is Re 1. According to the details available, the Travel Food Services IPO is slated to be finalised on July 10. Travel Food Services Limited's shares are proposed to be listed on NSE, and BSE. The listing will likely take place on July 14. Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Batlivala and Karani Securities India Private Limited are the book running lead managers for the Travel Food Services IPO. Kotak Mahindra Bank Limited and ICICI Bank Limited are the sponsor banks for the Travel Food Services IPO. 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.
