Travel Food Services IPO is a book-built issue IPO, aiming to raise ₹2,000.00 crore. It comprises of a complete Offer for Sale (OFS) of 1.82 crore equity shares. The bidding window was open from July 7, 2025, to July 9, 2025, with the IPO allotment to be finalised on July 10, 2025. Travel Food Services is scheduled to list on BSE and NSE on July 14, 2025.
The IPO was priced at a range of ₹1045-₹1100 per share with a lot size of 13 shares. The public issue received bids for 3,86,69,878 shares against 1,27,42,199 shares available, resulting in an overall subscription of 3.03 times. QIBs led the response, subscribing 8.10 times their quota, followed by employees at 1.81 times.
Travel Food Services' ₹2,000.00 crore IPO, priced at a range of ₹1045-₹1100 per share, was subscribed 3.03 times overall. The IPO is an entirely complete Offer for Sale (OFS) of 1.82 crore equity shares. Bidding took place from July 7 to July 9, 2025, with the Travel Food Services IPO allotment status on July 10, 2025. Retail investors subscribed 0.73 and NIIs 1.67 times. Listing is expected on July 14, 2025.
The table below breaks down the Travel Food Services share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 90,72,725 (49.89%) |
| − Anchor Investor Shares Offered | 54,43,635 (29.93%) |
| − QIB (Ex. Anchor) Shares Offered | 36,29,090 (19.96%) |
| NII (HNI) Shares Offered | 27,21,818 (14.97%) |
| − bNII > ₹10L | 18,14,545 (9.98%) |
| − sNII < ₹10L | 9,07,273 (4.99%) |
| Retail Shares Offered | 63,50,909 (34.92%) |
| Employee Shares Offered | 40,382 (0.22%) |
| Total Shares Offered | 1,81,85,834 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 8.10 |
| Non-Institutional Investors | 1.67 |
| Retail Individual Investors | 0.73 |
| Total shares | 3.03 |
Note: The subscription details are as of July 9, 2025
Travel Food Services Limited is a leading player in India’s airport travel food and lounge sector. As of June 30, 2024, the company operates 397 Travel QSR outlets and 31 lounges across major Indian and Malaysian airports. These outlets offer a variety of food and beverage options across 117 partner and in-house brands.
The company holds a strong presence in 14 Indian airports, including major hubs like Delhi, Mumbai, Bengaluru, and Hyderabad, and three airports in Malaysia. Travel QSRs are also available at select highway sites, catering to passengers looking for convenience and speed.
According to CRISIL, Travel Food Services held a 24% market share in India’s airport Travel QSR sector and a 45% share in the airport Lounge segment in FY24. The company’s long-term experience and a 92% contract retention rate showcase its strong execution in high-security airport environments.
Backed by SSP Group and K Hospitality, Travel Food Services benefits from global expertise and a wide supplier network. SSP operates 2,900 outlets across 37 countries, while K Hospitality brings over 50 years of experience in India’s F&B industry.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 9, 2025, 9:41 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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