Travel Food Services

Shares of Travel Food Services made a robust debut on the stock exchanges, closing nearly 17% above their issue price. The enthusiasm highlights investor confidence in India’s expanding travel and hospitality segments, particularly at a time when discretionary spending is rebounding. Backed by a solid footprint in airports, railway stations, and highways, the company’s growth story appears well-positioned to capitalize on rising passenger traffic and evolving consumption patterns.

Travel Food Services Ltd’s initial public offering (IPO) commenced on a cautious note, securing approximately 10% subscription on its first day. The Rs 2,000 crore offer, entirely an offer-for-sale (OFS) by the promoter Kapur Family Trust, attracted bids for 13.9 lakh shares against the 1.34 crore shares on offer. While retail investors showed relatively higher interest with 14% subscription, qualified institutional buyers and non-institutional investors lagged behind at 7% and 6%, respectively.

Travel Food Services (TFS), a key player in India's travel-focused food and beverage (F&B) sector, is preparing to launch its Rs. 2,000-crore initial public offering (IPO) from July 7 to July 9, 2025. The issue, priced between Rs. 1,045 and Rs. 1,100 per share, is entirely an offer-for-sale (OFS) by the promoter entity, Kapur Family Trust, signaling a strategic shift without raising new capital. TFS, backed by global travel retail leader SSP Group, operates nearly 400 outlets across 14 Indian and 3 Malaysian airports.