Travel Food Services

Travel Food Services Ltd’s initial public offering (IPO) commenced on a cautious note, securing approximately 10% subscription on its first day. The Rs 2,000 crore offer, entirely an offer-for-sale (OFS) by the promoter Kapur Family Trust, attracted bids for 13.9 lakh shares against the 1.34 crore shares on offer. While retail investors showed relatively higher interest with 14% subscription, qualified institutional buyers and non-institutional investors lagged behind at 7% and 6%, respectively.

Travel Food Services (TFS), a dominant player in the travel-centric food and beverage (F&B) sector, has announced its Rs. 2,000-crore initial public offering (IPO), slated to open between July 7 and July 9, 2025. Priced between Rs. 1,045 and Rs. 1,100 per share, the offering is entirely an offer-for-sale (OFS) by the promoter entity, Kapur Family Trust, with no fresh capital being infused into the company. Backed by SSP Group plc and operating across 14 Indian and 3 Malaysian airports, TFS commands a robust portfolio of over 390 outlets and 117 brands.