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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Travel Food Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹1,100
Per ShareLot Size
13 Shares
Minimum Investment
₹14,300
Issue Size
₹2,000 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
86.19%
Issue Type
Book Building
ISIN
INE103V01028
The Company operates a travel quick service restaurant ("Travel QSR") and a lounge ("Lounge") business across airports in India, Malaysia and Hong Kong. It also have Travel QSR outlets at select highway sites in India. Its Travel QSR business comprises a range of curated F&B concepts tailored for customers' demands for speed and convenience within travel environments. As of March 31, 2025, its F&B brand portfolio includes 127 partner and in-house brands. The Company has partnered with various Lounge Partners to provide its customers with Lounge access.
According to the CRISIL Report, on the demand side, India is expected to maintain a healthy growth momentum in domestic and international air passengers, with domestic air passenger traffic expected to achieve a CAGR of 8% to 9% and international air passenger traffic a CAGR of 6% to 8% from Fiscal 2025 to 2034. The Travel QSR and Lounge sectors at Indian airports are set to benefit from increased dwell time, the rise of low-cost carriers, and expanded credit card and loyalty programmes. The Indian airport Travel QSR sector is anticipated to grow at a CAGR of 17% to 19%, while the Indian Lounge industry is expected to grow at a CAGR of 22% to 24% from Fiscal 2025 to 2034.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 18,185,614 equity shares bearing face value Re.1 each ("Equity Shares") of Travel Food Services Limited ("The Company" or the "Issuer") for cash at a price of Rs.1,100 per equity share (including a premium of Rs.1,099 per equity share) ("Offer Price") aggregating to Rs.2000.00 crores through an offer for sale ("The Offer") of 18,185,614 equity shares bearing face value of Rs.1 each aggregating to Rs.2000.00 crores by the Kapur Family Trust ("Promoter Selling Shareholder") (the "Offered Shares"). The offer included a reservation of 40,160 equity shares bearing face value Re.1 each, aggregating to Rs. 4.00 crores (constituting 0.03% of the post-offer paid up equity share capital, for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 13.81% and 13.78% of the post-offer paid-up equity share capital of the company. The company has, in consultation with the book running lead managers, provided a discount of 9.45% (equivalent to Rs.104 per equity share) on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount") The face value of the equity shares is Re.1 each. The offer price is 1,100 times the face value of the equity shares.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Travel Food Services Limited was originally incorporated as "Bombay Pure Foods Private Limited" as a private company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 20, 2007, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Thereafter, pursuant to a special resolution passed by its Shareholders on February 20, 2009, the name of the Company was changed from "Bombay Pure Foods Private Limited" to "Travel Food Services Private Limited" and a fresh certificate of incorporation was issued by the RoC on March 12, 2009. On the conversion of the Company from a private limited company to a public limited company, pursuant to a special resolution passed by its Shareholders on November 11, 2024, the name of the Company was changed from "Travel Food Services Private Limited" to "Travel Food Services Limited" and a fresh certificate of incorporation dated November 22, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.