Travel Food Services IPO Date, Price, Details
The initial public offering (IPO) of Travel Food Services will open for subscription on July 7, 2025, and close on July 9, 2025. This IPO is structured as a Book Built Issue, with the company aiming to raise approximately ₹2,000 crores. The offering includes a fresh issue of equity shares (amount yet to be disclosed) along with an Offer for Sale (OFS) of up to 1,81,81,818 equity shares, each carrying a face value of ₹1.
The price band for the IPO is set between ₹1,045 to ₹1,100 per share. Share allocation is segmented as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (HNIs), and 35% for retail investors.
The basis of allotment will be finalized on July 10, 2025, and the stock is scheduled to be listed on both BSE and NSE on July 14, 2025.
In terms of financial performance, the company recorded a revenue of ₹1,762.71 crores in FY2025, up from ₹1,462.29 crores in FY2024. Net profit also saw a rise, reaching ₹379.66 crores in FY2025, compared to ₹298.12 crores in FY2024.
Travel Food Services IPO Market Lot Size
Retail investors can bid for a minimum of 13 shares, which constitutes one lot, requiring an investment of ₹14,300. The maximum limit for retail participation is 13 lots, totaling 169 shares, amounting to an application size of ₹1,85,900.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 13 | ₹14,300 |
Retail Maximum | 13 | 169 | ₹1,85,900 |
S-HNI Minimum | 14 | 182 | ₹2,00,200 |
B-HNI Minimum | 70 | 910 | ₹10,01,000 |
Travel Food Services IPO Details
IPO Open Date: | July 7, 2025 |
IPO Close Date: | July 9, 2025 |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹1045 to ₹1100 Per Share |
Issue Size: | Approx ₹2000 Crores |
Offer for Sale: | Approx 1,81,81,818 Equity Shares |
Issue Type: | Book Build Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
Travel Food Services IPO Valuation – FY2025 (KPI)
Take a look at the valuation metrics of the Travel Food Services IPO, including key figures such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
KPI | Values |
ROE: | 35.47% |
ROCE: | 51.40% |
EBITDA Margin: | 40.07% |
PAT Margin: | 21.54% |
Debt to equity ratio: | – |
Earning Per Share (EPS): | ₹27.58 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 34.64% |
Net Asset Value (NAV): | ₹79.62 |
Travel Food Services IPO Company Financial Report
In the financial year 2025, the company achieved a revenue of ₹1,762.71 crores, reflecting a growth from ₹1,462.29 crores in FY2024. Net profit also rose significantly, reaching ₹379.66 crores in 2025, up from ₹298.12 crores in the previous year.
(Figures are in ₹ Crores)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹441.66 | ₹429.78 | ₹5.03 | ₹1,056.49 |
2023 | ₹1,103.58 | ₹824.21 | ₹251.3 | ₹1,332.32 |
2024 | ₹1,462.29 | ₹1,146.72 | ₹298.02 | ₹1,623.39 |
2025 | ₹1,762.71 | ₹1,305.65 | ₹379.66 | ₹1,902.73 |
Travel Food Services IPO Dates
The Travel Food Services IPO date is July 7 and the close date is July 9. The Travel Food Services IPO allotment will be finalized on July 10 and the IPO listing on July 14.
IPO Open Date: | July 7, 2025 |
IPO Close Date: | July 9, 2025 |
Basis of Allotment: | July 10, 2025 |
Refunds: | July 11, 2025 |
Credit to Demat Account: | July 11, 2025 |
IPO Listing Date: | July 14, 2025 |
Promoters of Travel Food Services IPO
The promoters of the company are SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited and Kapur Family Trust.
About Travel Food Services IPO
Established in 2007, Travel Food Services Limited is a key player in India’s airport-based food and beverage industry, operating in both the Quick Service Restaurant (QSR) and airport lounge segments. The company offers a wide selection of culinary choices across various cuisines, brands, and formats, carefully crafted to suit the unique preferences of airport travelers.
As of June 30, 2024, the company operates 397 outlets across India and Malaysia, which include a combination of 117 in-house and partner brands. Its lounge services provide exclusive spaces within airport terminals designed for premium passengers, including those flying business or first class, frequent flyer members, and select credit or debit card holders.
Travel Food Services has a strong footprint in 14 major Indian airports, such as those in Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai, and also operates in 3 Malaysian airports, marking its presence in the international travel food service space.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Jubilant FoodWorks Limited | 3.41 | 205.81 | 10.02 | 31.87 | 5,654.09 Cr. |
Devyani International Limited | 0.08 | 2,097.13 | 0.84 | 9.07 | 3,556.30 Cr. |
Sapphire Foods India Limited | 0.60 | 548.00 | 1.38 | 43.53 | 2,594.28 Cr. |
Westlife Foodworld Limited | 0.78 | 955.26 | 2.01 | 38.70 | 2,391.81 Cr. |
Restaurant Brands Asia Limited | (4.33) | NA | (23.80) | 15.61 | 2,437.10 Cr. |
Objects of the IPO
To be updated soon
Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- Batlivala & Karani Securities India Private Limited
Company Address
Travel Food Services Limited
Block-A South Wing 1st Floor,
Shiv Sagar Estate, Dr. Annie Besant Road
Worli,
Mumbai, Maharashtra, 400018
Phone: +91 22 4322 4322
Email: [email protected]
Website: https://www.travelfoodservices.com/
Travel Food Services IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Check Grey market premium at below
(GMP)