Travel Food Services Limited IPO
Travel Food Services Limited operates 442 QSRs and 37 airport lounges across India, Malaysia, and Hong Kong, catering primarily to travelers. Its QSRs—located mainly in airports and highways—offer fast food, cafés, bakeries, and bars, with 54.37% of revenue from partner brands and 45.63% from Indian brands. It holds a 26% market share in the Indian airport QSR segment. The lounge business spans 14 airports, supported by partnerships with airlines, card networks, and financial institutions, commanding a 45% market share in India.
Price Band₹1045 - ₹1100 |
Dates07 Jul - 09 Jul |
GMP₹11 (1.00%) |
Subscriptions2.88 times |
Issue Size₹2,000.00 Crs |
Travel Food Services IPO Objects
The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).
Travel Food Services IPO Details
Price Band₹1045 - ₹1100 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹0.00 (0.00 Shares) |
Offer For Sale₹2,000.00 Cr (1.82 Cr Shares) |
Total Issue₹2,000.00 Cr (1.82 Cr Shares) |
Face Value₹1 per equity share |
Travel Food Services IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
13
14,300
Maximum
13
169
1,85,900
|
|||
| Small HNI |
Minimum
14
182
2,00,200
Maximum
69
897
9,86,700
|
|||
| Big HNI |
Minimum
70
910
10,01,000
|
|||
Travel Food Services IPO Subscription
Updated as on 09-Jul-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 7.70 | 38,20,095 | 2,93,98,278 |
| NII | 1.58 | 28,65,072 | 45,36,662 |
| bNII (bids above ₹10L) | 1.74 | 19,10,048 | 33,28,143 |
| sNII (bids between ₹2L to ₹10L) | 1.27 | 9,55,024 | 12,08,519 |
| Retail | 0.69 | 66,85,168 | 46,27,506 |
| Employee | 1.72 | 42,507 | 73,320 |
| Total | 2.88 | 1,34,12,842 | 3,86,35,766 |
Travel Food Services IPO GMP
The estimated Grey Market Premium of Travel Food Services IPO is ₹11 per share (1.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | Rs. 4 Cr |
Travel Food Services IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 1,687.74 | 1,396.32 | 1,067.15 |
| Profit after Tax | 379.66 | 298.12 | 251.30 |
| Net Worth | 1,048.45 | 869.05 | 651.12 |
| Total Borrowing | 0.00 | 63.78 | 31.05 |
| Total Assets | 1,902.73 | 1,696.44 | 1,332.32 |
| NAV per share (in ₹) | 79.62 | 66.00 | 49.45 |
| EPS - Basic (in ₹) | 27.58 | 21.85 | 18.52 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 40.07% |
| PAT | 21.54% |
| ROE | 35.47% |
| ROCE | 51.40% |
| PE Ratio | 39.88 |
| PB Ratio | 13.82 |
| Mkt Cap (in Crs.) | 14,484.74 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Travel Food Services IPO Peer Comparision
| Particulars | Travel Food Services | Jubilant FoodWorks | Devyani International | Sapphire Foods India | Westlife Foodworld | Restaurant Brands Asia |
|---|---|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,687.74 | 8,141.73 | 4,951.05 | 2,881.86 | 2,491.19 | 2,550.72 |
| PAT (In Crs.) | 379.66 | 217.12 | -6.90 | 16.70 | 12.15 | -232.79 |
| EPS - Basic | 27.58 | 3.41 | 0.08 | 0.60 | 0.78 | -4.33 |
| NAV per share | 79.62 | 31.87 | 9.07 | 43.53 | 38.70 | 15.61 |
| RONW | 34.64% | 10.02% | 0.84% | 1.38% | 2.01% | -23.80% |
| EBITDA | 40.07% | 19.30% | 17.00% | 17.10% | 13.20% | 10.70% |
| PAT Margin | 21.54% | 2.64% | -0.14% | 0.57% | 0.48% | -9.02% |
| Price to earning (PE) | 39.88 | 205.81 | 2,097.13 | 548.00 | 955.26 | NA |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 30, 2025 for Peers
Travel Food Services IPO Peer Comparision
| Particulars | Travel Food Services |
|---|---|
| Revenue from Ops (in Crs.) | 1,687.74 |
| PAT (In Crs.) | 379.66 |
| EPS - Basic | 27.58 |
| NAV per share | 79.62 |
| RONW | 34.64% |
| EBITDA | 40.07% |
| PAT Margin | 21.54% |
| Price to earning (PE) | 39.88 |
| Jubilant FoodWorks | Devyani International | Sapphire Foods India | Westlife Foodworld | Restaurant Brands Asia |
|---|---|---|---|---|
| 8,141.73 | 4,951.05 | 2,881.86 | 2,491.19 | 2,550.72 |
| 217.12 | -6.90 | 16.70 | 12.15 | -232.79 |
| 3.41 | 0.08 | 0.60 | 0.78 | -4.33 |
| 31.87 | 9.07 | 43.53 | 38.70 | 15.61 |
| 10.02% | 0.84% | 1.38% | 2.01% | -23.80% |
| 19.30% | 17.00% | 17.10% | 13.20% | 10.70% |
| 2.64% | -0.14% | 0.57% | 0.48% | -9.02% |
| 205.81 | 2,097.13 | 548.00 | 955.26 | NA |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 30, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| SSP Asia Pacific Holdings Limited | 49.00% |
| Kapur Family Trust | 51.00% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Ashwani Puri | Chairman |
| Varun Kapur | MD & CEO |
| Vikas Kapoor | CFO |
Company Details
Name: Travel Food Services Limited
Address: Block-A South Wing 1st Floor, Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018, Maharashtra, India
Number: 22 4322 4322
Email: cs@travelfoodservices.com
Website: www.travelfoodservices.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Travel Food Services IPO is a Mainboard IPO having an issue size of Rs. ₹2,000.00 Crs. Travel Food Services IPO is priced at ₹1045 - ₹1100 per share. The issue opens on 07 Jul 25 and closes on 09 Jul 25.
Travel Food Services IPO opens on 07 Jul 25 and closes on 09 Jul 25.
The estimated Grey Market Premium of Travel Food Services IPO is ₹11 per share (1.00%).
The minimum lot size of Travel Food Services IPO is 13 shares & the minimum application amount is Rs. 14300.
The allotment date of Travel Food Services IPO is 10 Jul 25.
The listing date of Travel Food Services IPO is 14 Jul 25.
Travel Food Services IPO is subscribed 2.88 times.
Travel Food Services IPO is priced at ₹1045 - ₹1100 per share.
Click the allotment link on Travel Food Services IPO page of IPO360.
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