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IPO Analysis > travel-food-services-ipo-mainboard

 

Travel Food Services IPO Highlights Investors Should Know

As per the CRISIL Report, India’s air travel market is set to grow strong in the coming years. From 2025 to 2034, domestic air passenger traffic is expected to grow by 8% to 9% each year, while international traffic could grow by 6% to 8% annually.

This rise in travel means great news for the Travel QSR (Quick Service Restaurants) and airport lounges at Indian airports. With more people flying and spending extra time at airports, these sectors are likely to anticipate growth. Travel Food Services, a player in this space, is coming up with an IPO to offer a chance for investors to participate in the company’s future growth plans.

The Travel Food Services IPO lead manager is HSBC Securities, Kotak Mahindra Capital, ICICI, and Batlivala & Karani Securities while the registrar of this IPO is MUFG Intime India.  

Check the RHP for more Travel Food Services IPO details.

Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.

Travel Food Services IPO Details: Company Profile

The company has a solid plan and smart ways to use the money, making it worth checking out.


Particulars

Details

Established  

2009

Registered Office

Worli, Mumbai 

Promoter 

Kapur Family Trust, SSP Financing Limited, Varun Kapur, SSP Asia Pacific Holdings Limited, Karan Kapur, SSP Group plc, SSP Group Holdings Limited

Number of Travel Quick Services 

425+

Number Of Lounges Covered 

35+

Awards 

Winner Of Airport Lounge, Winner of Asia’s Leading Domestic Airport Lounge, and FAB Regional Winner of 'Airport Chef of the Year'

Partner brands 

KFC, Wagamama, Jamie Oliver’s, Coffee Bean & Tea Leaf, Brioche Doree,  Pizzeria, and Subway, The Irish House, Bombay Brasserie, and more

Competitors 

Sapphire Foods, Devyani International, and Jubilant Foodworks


Exploring the Travel Food Services IPO Details

Know what Travel Food Services has done and how they’re doing financially before you invest.

  • Travel Food Services IPO Date

The IPO schedule shows exactly when everything’s happening and how the company fits in today’s market.



Event Description

Date

Bidding Window Begins

07 Jul 2025

Last Day to Apply for IPO

09 Jul 2025

UPI Approval Cut-off Time

09 Jul 2025 (5 PM)

Equity Allotment Announcement

10 Jul 2025

Refunds Start for Unsuccessful Bids

11 Jul 2025

Shares Credited to Demat Accounts

11 Jul 2025

Planned Listing on Stock Exchange

14 Jul 2025

UPI Mandate Validity Ends

24 Jul 2025

50% Anchor Investor Lock-in Period Ends

09 Aug 2025

Remaining Anchor Investor Lock-in Ends

08 Oct 2025


  • Travel Food Services IPO lot size

The company has outlined their IPO size. Let’s check its details here. 


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

Not Applicable

Not Applicable

Offer for Sale

Not Disclosed

₹2000 crores

Overall Issue 

Not Disclosed

₹2000 crores


  • Objectives of the offer


Since the offer is purely an Offer for Sale, Travel Food Services will not receive any funds from it.


  • Other takeaways from the Travel Food Services Share Price

We’ve gathered everything you need to know about the Travel Food Services IPO Price.


Particulars

Description

Face value of each share

₹10

Price Range

₹1045 - ₹1100 

Listed At 

NSE and BSE


  • Categorisation of different investors  

Let’s see how Travel Food Services is planning to divide the shares.


Details

Eligible Employees

QIBs

NIIs

RIIs

Equity Shares Offered (Face Value ₹1 each)

Not Disclosed

Not Disclosed

Not Disclosed

Not Disclosed

Minimum Application Size

Not Disclosed

Number of Equity Shares exceed ₹200,000

Number of Equity Shares exceed ₹200,000

Not Disclosed

Maximum Application Limit

Total does not exceed ₹0.50 million

Bid stays within Net Offer (excl. Anchor), per applicable limits

Bid fits Net Offer size (excl. QIB portion), within permitted investor limits

Bid value remains under ₹200,000



Create your demat account today to bid for the Travel Food Services IPO. With this, you will be able to apply to other IPOs for smart investing.

Travel Food Services IPO details: Key Financials

These financial results will help investors know Travel Food Services growth in terms of margins and revenue.


Particulars

As at and for the Fiscal 2025 (₹ million)

As at and for the Fiscal 2024 (₹ million)

As at and for the Fiscal 2023 (₹ million)

Equity Share Capital

131.68

38.73

38.73

Revenue from Operations

16,877.39

13,963.22

10,671.50

Profit for the Year

3,796.59

2,981.20

2,512.99

Earnings per Equity Share

27.58

21.85

18.52

Net Worth

10,484.52

8,690.47

6,511.22

Net Asset Value Per Equity Share (₹)

79.62

66.00

49.45

Total Borrowings

637.81

310.52


Metrics of Travel Food Services IPO


Particulars

Fiscal 2025

Fiscal 2024

Fiscal 2023

EBITDA Margin (%)

40.07%

39.39%

42.92%

ROCE (%)

51.40%

46.14%

53.87%

Return on Net Worth (%)

34.64

33.12

37.45


Strengths and risks

Here’s a review of what’s great and what to watch out for while applying for the IPO.


Strengths


  • Handles airport food under tight security with smooth operations

  • Runs 127+ food brands: local, global, and their own

  • Earned awards like “Asia’s Leading Airport Lounge”

  • Zero debt and ₹600+ crore cash in hand (as of March 2025)


Risks


  • Revenue depends a lot on how many people travel

  • Market ups and downs could delay upcoming IPO plans

  • Needs to maintain service quality at multiple busy locations

  • Big competition from Indian and international food chains

IPO Closing Soon: Is Travel Food Services IPO Worth the Rush?

Currently, Travel Food Services GMP is trading ₹30 above the offer price. So, keep an eye on allotment dates and how the shares move after listing to get a better Travel Food Services IPO Review. Get started with your IPO bid today.

FAQs

1. What is the size of Travel Food Services IPO?
The Travel Food Services IPO is sized at ₹2,000.00 Cr, giving investors a substantial opportunity to invest in the growing travel F&B sector.

2. What is the Travel Food Services IPO price?
The Travel Food Services IPO price is set between ₹1,045 – ₹1,100 per share, based on the book-building method.

3. What is the Travel Food Services IPO GMP today?
As of now, the Travel Food Services IPO GMP (grey market premium) is around ₹30 above the offer price, indicating healthy investor interest.

4. Where can I check the Travel Food Services IPO subscription status?
You can track the Travel Food Services IPO subscription status live on stock exchange websites like NSE or BSE to see investor response across categories.

5. Is a Demat account required for applying to Travel Food Services IPO?
Yes, a Demat account is mandatory to apply for Travel Food Services IPO, as shares are issued in electronic form only.


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