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TRAVELFOOD · NSE,BSE · Restaurants
Travel Food Services IPO listed on 14 Jul 2025 on NSE,BSE at ₹1,125.00, a gain of 2.27% over the issue price of ₹1,100.00. The IPO was subscribed 2.88x overall.
Travel Food Services IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 07 Jul 2025 |
| IPO Close Date | 09 Jul 2025 |
| Basis of Allotment | 10 Jul 2025 |
| Initiation of Refunds | 11 Jul 2025 |
| Credit of Shares to Demat | 11 Jul 2025 |
| Listing Date | 14 Jul 2025 |
Listing day gain
+2.27%
Listed at ₹1,125 (issue ₹1,100)
Issue
₹1,100
Listing
₹1,125
Current
₹1,074.8
-2.29% vs issue
Day range
₹1,066 – ₹1,130
Issue Size
18,182,802 shares
(aggregating up to ₹2,000.00 Cr)
Issue Price
₹1,045 – ₹1,100
Face Value
₹1/share
Market Lot
13 shares
Retail Min Investment
₹14,300
Listing At
NSE,BSE
Sale Type
offer for sale
Fresh Issue
[.]
Offer for Sale
18,182,802 shares
(aggregating up to ₹2,000 Cr)
Issue Type
book building
Open Date
07 Jul
Close Date
09 Jul
Allotment
10 Jul
Listing
14 Jul
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 14 Jul 2025 Latest | ₹1,100 | ₹25 | ₹1,125 | ₹25 |
2.27%
|
12:00 AM |
| 13 Jul 2025 | ₹1,100 | ₹25 | ₹1,125 | ₹25 |
2.27%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 14 Jul 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 7.7x |
| NII | 1.58x |
| bNII (bids above ₹10L) | 1.74x |
| sNII (bids below ₹10L) | 1.27x |
| Retail Investors | 0.69x |
| Employees | 1.72x |
| Total | 2.88x |
Showing the latest subscription snapshot.
View full subscription historySSP Group plc, SSP Group Holdings Ltd., SSP Financing Ltd., SSP Asia Pacific Holdings Ltd., Kapur Family Trust, Varun Kapur and Karan Kapur
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹14,300 |
| Retail (Max) | 13 | 169 | ₹185,900 |
| S-HNI (Min) | 14 | 182 | ₹200,200 |
| S-HNI (Max) | 69 | 897 | ₹986,700 |
| B-HNI (Min) | 70 | 910 | ₹1,001,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only employee | 2 | No |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 9,072,726 (49.89%) |
|
•
Anchor Investor Shares Offered
|
5,443,635 (29.93%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
3,629,091 (19.96%) |
| NII (HNI) Shares Offered | 2,721,818 (14.97%) |
|
•
bNII > ₹10L
|
1,814,545 (9.98%) |
|
•
sNII < ₹10L
|
907,273 (4.99%) |
| Retail Shares Offered | 6,350,909 (34.92%) |
| Employee | 40,160 (0.22%) |
| Total Shares Offered | 18,185,613 (100.00%) |
Travel Food Services Limited was incorporated in 2007 and is headquartered in Mumbai, Maharashtra. It works in the airport hospitality sector, operating travel quick service restaurants (Travel QSR) and airport lounges.
The company runs a food and beverage brand portfolio of 117 in-house and partner brands, operating 397 Travel QSR outlets across 14 airports in India and 3 airports in Malaysia, as of June 2024, alongside a lounge business serving airport travelers. According to CRISIL, it held a 24% share of India's airport Travel QSR market and a 45% share of the airport lounge segment in FY24, with a 92% contract retention rate. Its longest-standing airport relationships include 15 years at Mumbai Airport and 14 years at Delhi Airport. The promoters are SSP Group PLC and related SSP entities, along with the Kapur Family Trust, Varun Kapur and Karan Kapur.
Revenue from operations rose 30.85% to Rs 1,396.32 crore in FY24 from Rs 1,067.15 crore in FY23, as per the DRHP. The IPO was a mainboard book-built issue of about Rs 2,000 crore on the NSE and BSE, structured entirely as an offer for sale by the Kapur Family Trust, priced at Rs 1,045-1,100 per share, and it listed on 14 July 2025. As the offer was entirely an offer for sale, the company did not receive any proceeds from the issue, with the entire amount going to the selling shareholder.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2024 | FY Mar 2025 |
|---|---|---|---|
| Total Revenue | 1,103.58 | 1,462.4 | 1,762.71 |
| Profit After Tax (PAT) | 251.3 | 298.12 | 379.66 |
| EBITDA | 458.05 | 549.99 | 676.35 |
| Total Assets | 1,332.32 | 1,696.44 | 1,902.73 |
| Net Worth | 651.12 | 869.05 | 1,048.45 |
| Reserves & Surplus | 651.6 | 869.74 | 1,040.24 |
| Total Borrowing | 31.05 | 63.78 | - |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 35.47% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 51.4% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 34.64% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 21.54% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 40.07% |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 13.82x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹28.83 | ₹28.83 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 38.15x | 38.15x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹14,485 Cr | ₹14,153 Cr |
The basis of allotment for Travel Food Services IPO was finalised on 10 Jul 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Travel Food Services IPO is expected to open in Jul 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Travel Food Services IPO is ₹1,045.00 - ₹1,100.00 per share.
As per market sources, Travel Food Services IPO GMP is currently ₹25.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Travel Food Services IPO stands at 2.88x overall.
The listing date for Travel Food Services IPO is 14 Jul 2025.
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