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Travel Food Services IPO: Things Smart Investors Need to Know

Travel Food Services Limited, established in 2007, operates in the travel-focused food and beverage (F&B) space, offering quick service restaurants (Travel QSR) and lounge services at major airports. As of June 30, 2024, the company manages 397 Travel QSRs across India and Malaysia, supported by a diverse portfolio of 117 partner and in-house brands. These outlets cater to the specific needs of travellers by providing a variety of cuisines, formats, and service models designed for convenience and efficiency within airport environments.

The company’s lounge segment consists of designated areas within airport terminals, primarily accessed by premium passengers, credit card holders, and loyalty programme members. With a presence in 14 Indian airports and three in Malaysia, including key locations such as Delhi, Mumbai, Bengaluru, and Chennai, the company has built a notable footprint in the sector. Travel Food Services has also extended its operations to select highway locations and continues to collaborate with lounge partners to broaden access.

For more details, visit the Travel Food Services IPO page.

Travel Food Services IPO Details and Objectives

Details

Information

IPO Date

July 7, 2025 to July 9, 2025

Issue Size

1,81,81,818 shares

(aggregating up to ₹2,000.00 Cr)

Price Band

₹1045 to ₹1100 per share

Lot Size

13 shares

Listing At

BSE NSE

Purpose of the IPO

  • Carry out the Offer for Sale

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges

Timeline of Travel Food Services IPO

Event

Date

IPO Open Date

Mon, Jul 7, 2025

IPO Close Date

Wed, Jul 9, 2025

Tentative Allotment

Thu, Jul 10, 2025

Initiation of Refunds

Fri, Jul 11, 2025

Credit of Shares to Demat

Fri, Jul 11, 2025

Tentative Listing Date

Mon, Jul 14, 2025

Cut-off time for UPI mandate confirmation

5 PM on July 9, 2025

Pricing & Lot Size of Travel Food Services IPO

Price Band for the IPO

  • ₹1045 to ₹1100 per share

Minimum Lot Size and Application Details

Application

Lots

Shares

Amount

Retail (Min)

1

13

₹14,300

sNII

Undefined

Undefined

Undefined

bNII

Undefined

Undefined

Undefined

How to Apply for the Travel Food Services IPO?

Online Application Process

  • Log in to Your Trading Account
    Access your trading account through your broker’s platform.

  • Navigate to the IPO Section
    Go to the IPO section to view active IPO listings.

  • Select Travel Food Services IPO
    Find "Travel Food Services IPO" and click on the ‘Apply’ button.

  • Enter Application Details
    Specify the number of lots (minimum lot size: 13 shares) and the bid price within the range of ₹1045 to ₹1100 per share.

  • Provide Your UPI ID
    Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.

  • Review and Submit
    Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on July 9, 2025, to complete your application process.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹1,332.32 crore in FY23 to ₹1,902.73 crore as of March 2025.

  • Revenue: Reached ₹1,762.71 crore in FY25.

  • Profit After Tax (PAT): Stood at ₹379.66 crore for March 2025.

  • Net Worth: Recorded at ₹1,048.45 crore in FY25.

  • Reserves and Surplus: Recorded at ₹1,040.24 crore (March 2025), growing steadily over the years.

  • EBITDA: Stood at ₹676.35 crore in March 2025.

Recent Performance and Growth Prospects

  • The company has shown a consistent increase in its asset base over the recent financial years.

  • Its revenue generation has maintained an upward trajectory, indicating operational stability and expansion.

  • Profitability has remained steady, reflecting efficient cost and resource management.

  • The net worth has improved over time, highlighting a strengthened financial position.

  • Reserves and surplus have grown progressively, contributing to internal financial strength.

  • Operating performance, as reflected in earnings before interest, taxes, depreciation, and amortisation, shows stable business activity.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company’s operations are closely linked to airport traffic and travel trends, making its performance sensitive to fluctuations in the travel and aviation sectors.

  • A significant portion of its business relies on long-term partnerships and concession agreements at airports, which may be subject to periodic renewals, regulatory terms, or changes in airport policies.

Opportunities and Growth Potential

  • The company operates in a specialised travel-focused food and lounge segment with a broad presence across major Indian and international airports, allowing access to a steady flow of consumers.

  • Its expanding portfolio of in-house and partner brands, combined with its presence at select highway locations, offers scope for further growth and service diversification beyond airports.

Key Performance Indicator (KPI)

KPI

Values

ROE

35.47%

ROCE

51.40%

RoNW

34.64%

PAT Margin

21.54%

EBITDA Margin

40.07%

Price to Book Value

18.20

 

Travel Food Services IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

MUFG Intime India Private Limited (Link Intime)

Kotak Mahindra Capital Company Limited

Company Address of Travel Food Services Ltd

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/

Conclusion

Travel Food Services Limited operates in the travel-focused food and beverage segment, with offerings that include quick service restaurants and lounge services at airports in India and abroad. Over the years, it has built a presence across key airports and select highway locations, supported by a mix of in-house and partner brands tailored for travel environments.

The upcoming IPO is structured as an offer for sale and is aimed at facilitating the listing of equity shares on stock exchanges. Investors may take note of the company’s financial performance, operational spread, and sector-specific dependencies while reviewing the offering details and associated timelines.

Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Travel Food Services IPO. 

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