Travel Food Services IPO Details:
The Travel Food Services IPO is scheduled to open on July 3, 2025, and will close on July 7, 2025. This is a book-built issue, with the company aiming to raise approximately ₹2,000 crores through a combination of fresh issue worth ₹[.] crores and an offer for sale (OFS) of up to [.] equity shares, each with a face value of ₹1.
The IPO price band has been fixed at ₹[.] to ₹[.] per share. The issue allocation is structured with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Individual Investors (RIIs), and 15% for Non-Institutional Investors (NIIs/HNIs). The shares are proposed to be listed on both BSE and NSE, with the expected listing date on July 10, 2025. The basis of allotment is likely to be finalized on July 8, 2025.
In terms of financial performance, Travel Food Services reported a revenue of ₹1,462.29 crores in FY 2024, marking a strong growth from ₹1,103.58 crores in FY 2023. The company also registered a notable increase in net profit, rising to ₹298.02 crores in FY 2024 from ₹251.30 crores in FY 2023.
Considering the robust financial growth and market presence, the Travel Food Services IPO presents a promising long-term investment opportunity, particularly for investors seeking exposure in the travel retail and food services sector.
Travel Food Services IPO Objectives:
- Update Verry Soon
Travel Food Services IPO Review (Apply or Not)
- Update soon
Travel Food Services IPO Date & Price Band Details:
| IPO Open Date: | July 3, 2025 |
| IPO Close Date: | July 7, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹2000 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Travel Food Services IPO Lot Size:
The minimum market lot for the Travel Food Services IPO is [.] shares, requiring a total application amount of ₹[.]. Retail investors can apply for up to 13 lots, which amounts to [.] shares with a total investment of ₹[.].
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Travel Food Services IPO Allotment & Listing Date (Details)
The Travel Food Services IPO will open for subscription on July 3, 2025, and close on July 7, 2025. The basis of allotment is expected to be finalized on July 8, 2025, with the shares likely to be listed on BSE and NSE on July 10, 2025.
| IPO Open Date: | July 3, 2025 |
| IPO Close Date: | July 7, 2025 |
| Basis of Allotment: | July 8, 2025 |
| Refunds: | July 9, 2025 |
| Credit to Demat Account: | July 9, 2025 |
| IPO Listing Date: | July 10, 2025 |
Travel Food Services IPO GMP Today:
- Update Very Soon
Promoters of Travel Food Services IPO
The promoters of Travel Food Services Limited include SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited, and the Kapur Family Trust. These entities bring extensive global experience in the travel food and hospitality sector, supporting the company’s growth and strategic direction.
About Travel Food Services Limited
Travel Food Services Limited, established in 2007, is a leading player in India’s airport-based travel food and lounge services industry, specializing in Travel Quick Service Restaurants (Travel QSRs) and premium airport lounges.
The company’s Travel QSR segment offers a broad assortment of food and beverage options across multiple cuisines, brands, and service formats—carefully tailored to meet the unique demands of each airport and traveler demographic. As of June 30, 2024, the company operates 397 Travel QSR outlets across India and Malaysia, which include both 117 partner and in-house brands.
In addition to QSRs, the company manages upscale airport lounges, providing exclusive services to first- and business-class passengers, frequent flyer members, and premium credit/debit card holders. Its lounge and QSR presence spans 14 major Indian airports—including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai—and 3 airports in Malaysia.
With its strong operational footprint and curated travel-centric offerings, Travel Food Services has emerged as a dominant player in India’s travel hospitality space.
Travel Food Services IPO – Financial Performance
Travel Food Services has demonstrated strong and consistent financial growth in recent years:
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹441.66 | ₹429.78 | ₹5.03 | ₹1,056.49 |
| 2023 | ₹1,103.58 | ₹824.21 | ₹251.3 | ₹1,332.32 |
| 2024 | ₹1,462.29 | ₹1146.72 | ₹298.02 | ₹1,623.39 |
| June 2024 | ₹425.20 | ₹354.55 | ₹59.55 | ₹1,771.16 |
Travel Food Services IPO Valuation – FY2024
Check Travel Food Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 36.57% |
| ROCE: | 49.97% |
| EBITDA Margin: | 39.38% |
| PAT Margin: | 20.38% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹21.85 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.14% |
| Net Asset Value (NAV): | ₹60.45 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jubilant FoodWorks Limited | 6.06 | 114.69 | 18.40 | 32.90 | 5,654.09 Cr. |
| Devyani International Limited | 0.39 | 432.56 | 4.48 | 8.76 | 3,556.30 Cr. |
| Sapphire Foods India Limited | 8.30 | 213.46* | 3.94 | 210.41 | 2,594.28 Cr. |
| Westlife Foodworld Limited | 4.44 | 182.92 | 11.77 | 37.72 | 2,391.81 Cr. |
| Restaurant Brands Asia Limited | (4.40) | NA | (34.78) | 12.65 | 2,437.10 Cr. |
Travel Food Services IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: travelfood.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- Batlivala & Karani Securities India Private Limited
Company Address
Travel Food Services Limited
Block-A South Wing 1st Floor,
Shiv Sagar Estate, Dr. Annie Besant Road
Worli,
Mumbai, Maharashtra, 400018
Phone: +91 22 4322 4322
Email: cs@travelfoodservices.com
Website: https://www.travelfoodservices.com/
Travel Food Services IPO – Frequently Asked Questions (FAQs)
1. What is the Travel Food Services IPO?
Travel Food Services IPO is a mainboard initial public offering (IPO) through which the company aims to raise approximately ₹2,000 crores. The issue includes a combination of fresh equity shares and an offer for sale by existing shareholders.
2. When will the Travel Food Services IPO open and close?
The IPO will open on July 3, 2025, and close on July 7, 2025.
3. What is the IPO allotment and listing date for Travel Food Services?
- Basis of Allotment Date: July 8, 2025
- Listing Date on BSE and NSE: July 10, 2025
4. What is the price band of the Travel Food Services IPO?
The price band for the IPO is yet to be announced. It will be updated once the company releases the Red Herring Prospectus (RHP).
5. What is the lot size and minimum investment required for retail investors?
The minimum lot size and application amount for retail investors will be confirmed soon. Retail investors will be allowed to apply for up to 13 lots.
6. Who are the promoters of Travel Food Services?
The company is promoted by:
- SSP Group plc
- SSP Group Holdings Limited
- SSP Financing Limited
- SSP Asia Pacific Holdings Limited
- Kapur Family Trust
7. What does Travel Food Services do?
Travel Food Services Limited operates in the airport travel food and lounge services sector, managing over 397 Travel QSR outlets and premium lounges across 14 Indian airports and 3 in Malaysia, serving both domestic and international travelers.
8. What are the company’s financials?
For FY 2024:
- Revenue: ₹1,462.29 crores
- Net Profit: ₹298.02 crores
- EPS: ₹21.85
- RoNW: 36.14%
- NAV: ₹60.45 per share
9. What exchanges will Travel Food Services IPO be listed on?
The shares will be listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
10. Is Travel Food Services IPO a good investment?
The company has shown strong revenue and profit growth with healthy return ratios and operational efficiency. Investors looking for exposure to India’s growing travel and airport infrastructure segment may consider this IPO for long-term growth potential, subject to individual risk appetite and valuation at the time of issue.
