Travel Food Services IPO Details
| IPO Open Date: | July 7, 2025 |
| IPO Close Date: | July 9, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹1045 to ₹1100 Per Share |
| Issue Size: | Approx ₹2000 Crores |
| Offer for Sale: | Approx 1,81,81,818 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 Market Lot
The Travel Food Services IPO minimum market lot is 13 shares with ₹14,300 application amount. The retail investors can apply up-to 13 lots with 169 shares of ₹1,85,900 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 13 | ₹14,300 |
| Retail Maximum | 13 | 169 | ₹1,85,900 |
| S-HNI Minimum | 14 | 182 | ₹2,00,200 |
| B-HNI Minimum | 70 | 910 | ₹10,01,000 |
Travel Food Services IPO Dates
The Travel Food Services IPO date is July 7 and the close date is July 9. The Travel Food Services IPO allotment will be finalized on July 10 and the IPO listing on July 14.
| IPO Open Date: | July 7, 2025 |
| IPO Close Date: | July 9, 2025 |
| Basis of Allotment: | July 10, 2025 |
| Refunds: | July 11, 2025 |
| Credit to Demat Account: | July 11, 2025 |
| IPO Listing Date: | July 14, 2025 |
Promoters of Travel Food Services IPO
The promoters of the company are SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited and Kapur Family Trust.
About Travel Food Services IPO
Travel Food Services Limited, founded in 2007, is one of the prominent Indian airport travel quick service restaurant (“Travel QSR”) and lounge (“Lounge”) sectors in India. The Travel QSR business provides a wide range of food and drink options spanning various cuisines, brands, and formats, specially curated to meet the requirements of each client. The company manages a total of 397 Travel QSRs in India and Malaysia that include 117 partners and in-house brands. Its lounge sector also consists of special areas in airport terminals for first and business class passengers, airline loyalty members, and selected credit or debit card holders. As of June 30, 2024, its Travel QSR and Lounge business is available in 14 airports in India, including Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport, and 3 airports in Malaysia.
Travel Food Services IPO Company Financial Report
The company reported revenue of ₹1,762.71 crores in 2025 against ₹1,462.29 crore in 2024. The company reported profit of ₹379.66 crores in 2025 against profit of ₹298.12 crores in 2024.
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 | ₹1,146.72 | ₹298.02 | ₹1,623.39 |
| 2025 | ₹1,762.71 | ₹1,305.65 | ₹379.66 | ₹1,902.73 |
Travel Food Services IPO Valuation – FY2025
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: | 35.47% |
| ROCE: | 51.40% |
| EBITDA Margin: | 40.07% |
| PAT Margin: | 21.54% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹27.58 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.64% |
| Net Asset Value (NAV): | ₹79.62 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jubilant FoodWorks Limited | 3.41 | 205.81 | 10.02 | 31.87 | 5,654.09 Cr. |
| Devyani International Limited | 0.08 | 2,097.13 | 0.84 | 9.07 | 3,556.30 Cr. |
| Sapphire Foods India Limited | 0.60 | 548.00 | 1.38 | 43.53 | 2,594.28 Cr. |
| Westlife Foodworld Limited | 0.78 | 955.26 | 2.01 | 38.70 | 2,391.81 Cr. |
| Restaurant Brands Asia Limited | (4.33) | NA | (23.80) | 15.61 | 2,437.10 Cr. |
Objects of the Issue
- To be updated soon
Travel Food Services IPO Review
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Travel Food Services IPO Registrar
MUFG
Intime
India
Private
Limited
Phone:
+91-22-4918
6270
Email:
[email protected]
Website:
https://in.mpms.mufg.com/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: [email protected]
Website: https://www.travelfoodservices.com/
Travel Food Services IPO FAQs
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Note: The Travel Food Services IPO price band and date are officially announced. The (Travel Food Services IPO grey market premium) will be added to the IPO GMP page as it will start).
