Money should be prepared in the account, this IPO will open on July 7, you will get a chance to earn

50% for qualified institutional buyers (QIB)

35% for retail investors

15% for non-institutional investors (NII)

Listing: Listing is expected on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on July 14, 2025

Book-Rringing Lead Manager: Kotak Mahindra Capital Company, HSBC Securities, ICICI Securities, and Batliwala & Karni Securities India

This IPO is a fully offer for sale (OFS), in which 1.82 crore shares will be sold by Promoter Kapoor Family Trust. This means that the company will not get any funds from this IPO, and all income will go to shareholders. Apart from this, share reservation facility is also available for eligible employees, which will be given a discount of Rs 104 per share at the final price.

Travel Food Services, which launched its first travel Quick-Service Restaurant (QSR) in 2009, is a leading player in India’s Airport Travel QSR and Lounge sector. The company, which is headquartered in Mumbai, is promoted by SSP Group PLC (London-based) and its colleagues as well as Kapoor Family Trust, Varun Kapoor and Karan Kapoor. By June 30, 2024, the company operates 397 QSR outlets and 31 lounges at 14 airports in India, including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Chennai etc. and three airports in Malaysia. In addition, it has a major lounge in Hong Kong.

Travel food services portfolio includes 117 partners and in-house brands, including fast food, cafes, bakeries, food courts and bars. These brands include international names like KFC, Pizza Hut, Subway, Coffee Bean and T Leaf, Crispy Cream and Indian brands like Bikanerwala, Third Wave Coffee, Wow Momo, Adyar Anand Bhavan. The company’s in-house brand also includes names like Capacino, Idli.com, Delhi Street, Curry Kitchen.

The company has shown strong financial performance in recent years. In FY 2025, the travel food services revenue increased by 20.9% to Rs 1,687.7 crore, while the profit increased by 27.4% to Rs 379.7 crore. This demonstration reflects India’s growing demand for rapidly growing aviation sector and travel-related services. According to a Crisil report, the company holds a 24% market share in India’s Airport Travel QSR sector and 45% in the lounge sector.

The IPO of travel food services presents an attractive opportunity for investors, especially given the development of India’s aviation and hospitality. The current 100 airports in India are expected to expand to 300 airports by 2047, which will boost the company’s development prospects. However, the company’s business depends on passenger traffic on airports and highways, which may be affected by disruption such as epidemic or natural disasters.

Investors can apply online through internet banking ASBA or using UPI through their stock broker. Customers using platforms like Zerodha can apply by logging into their console and filling the IPO application form. For offline application, investors can fill the IPO form and submit their broker.