Travel Food Services IPO Set to Raise Rs 2,000 Crore: Price Band, Dates, Lot Size & Listing Info Inside!

Travel Food Services Limited, a major player in India's travel food and retail industry, is preparing to launch its highly anticipated Initial Public Offering (IPO) worth Rs 2,000 crore. The IPO will open for public bidding on Monday, July 7, 2025, and remain available for subscription until Wednesday, July 9, 2025.

Following the closure of the bidding window, the allotment of shares is expected to be finalized on Thursday, July 10, 2025. Investors can expect to see Travel Food Services make its market debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date of Monday, July 14, 2025. This listing marks a significant milestone for the company as it aims to attract a broader base of institutional and retail investors.

Travel Food Services IPO Structure and Financial Details

The Travel Food Services IPO will be conducted through the book-building process and is structured entirely as an Offer for Sale (OFS). A total of 1.82 crore equity shares will be offloaded by the promoter, the Kapur Family Trust, allowing them to partially exit their stake. As it is a pure OFS, the company itself will not receive any proceeds from the IPO - all funds raised will go to the selling shareholders.

Travel Food Services IPO Price Band

The company has fixed a price band between Rs 1,045 and Rs 1,100 per share, indicating a premium valuation. The lot size has been set at 13 shares, making the minimum investment amount Rs 14,300 at the upper end of the price range. This structure is designed to attract a range of retail and institutional investors who are interested in India's fast-growing travel and food services sector.

Key Advisors and Registrar

Travel Food Services has appointed a robust team of financial institutions to manage the IPO process. The book-running lead managers (BRLMs) for the issue are Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities Limited, and Batlivala & Karani Securities India Private Limited. These firms bring deep expertise in capital markets and are expected to ensure a smooth IPO rollout.

For handling share allotment and investor communication, MUFG Intime India Private Limited (also known as Link Intime) has been designated as the registrar to the issue. Their role will be crucial in coordinating the share allocation and post-issue formalities, ensuring a seamless experience for investors.

About Travel Food Services Limited - Business Overview

Founded in 2009, Travel Food Services Limited (TFS) has emerged as a leading player in India's travel-centric food and beverage (F&B) ecosystem. The company operates a vast and diverse portfolio of restaurants, cafés, food courts, and packaged food outlets strategically located across major airports, railway stations, and national highways. Whether it's a quick snack on the go or a gourmet meal before a flight, TFS caters to the diverse culinary needs of millions of travelers each year.

TFS has carved out a unique niche by blending internationally renowned brands with in-house concepts. The company holds franchise and partnership agreements with top global and Indian brands including Starbucks, KFC, Domino's, and Cafe Coffee Day, offering passengers familiar and trusted food options during their travels.