Who is the CEO of Travel Food Services Ltd?
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The CEO of GLEN Industries Ltd is Varun Kapur.
BAJAJ BROKING
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.
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 |
Carry out the Offer for Sale
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
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 |
₹1045 to ₹1100 per share
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 13 | ₹14,300 |
sNII | Undefined | Undefined | Undefined |
bNII | Undefined | Undefined | Undefined |
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Navigate to the IPO Section
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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
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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.
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.
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.
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.
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.
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 |
Registrar | Lead Manager(s) |
---|---|
MUFG Intime India Private Limited (Link Intime) | Kotak Mahindra Capital Company Limited |
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 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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The CEO of GLEN Industries Ltd is Varun Kapur.
The Travel Food Services IPO will open for subscription on July 7, 2025, and will close on July 9, 2025.
Travel Food Services Limited operates in the travel-oriented food and beverage sector, offering quick service restaurants (Travel QSRs) and lounge services at major airports and select highway locations. The business is structured around partnerships, brand diversity, and customer convenience within travel hubs, which may support continuity in line with travel trends.
The issue size of the Travel Food Services IPO is 1,81,81,818 shares, aggregating up to ₹2,000 crore.
‘Pre-apply’ allows investors to submit IPO applications before the official subscription window opens. The application is recorded and submitted once the IPO opens, helping ensure timely processing.
Once you complete the IPO application and approve the UPI mandate, you should receive confirmation from your broker or trading platform. The actual order status will be updated upon mandate approval and exchange confirmation.
The minimum lot size for the Travel Food Services IPO is 13 shares, which is also the minimum order quantity for retail investors.
The tentative allotment date for the Travel Food Services IPO is July 10, 2025.
The registrar for the Travel Food Services IPO is MUFG Intime India Private Limited (Link Intime).
There are no governance concerns or red flags reported in the information provided. For detailed corporate governance insights, investors may review the company’s Draft Red Herring Prospectus (DRHP) or regulatory disclosures.
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