Travel Food Services IPO ends today; check latest subscription status, GMP

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Travel Food Services IPO Day 3 update, subscription status: The three-day subscription window to bid for the initial public offering of Travel Food Services is set to close today, July 9, 2025. The ₹2,000 crore offering of Travel Food Services, which opened for subscription on Monday, July 7, has received a muted response from investors so far.

 

According to data available on the National Stock Exchange (NSE), the Travel Food Services IPO has received bids for 1,96,17,104 shares against 1,34,12,842 shares on offer as of 1:30 PM on Wednesday. This translates to an overall subscription of 1.46 times. Among the categories, only qualified institutional buyers (QIBs) have fully booked their reserved quota. QIBs have bid for 1,49,59,776 shares against 38,20,095 shares on offer, resulting in an oversubscription of 3.92 times.

 

However, investor participation remains sluggish among retail and non-institutional investors (NIIs) categories, with retail investors and NIIs booking only 42 per cent and 64 per cent of their respective quotas.

Travel Food Services IPO details

The public offering of Travel Food Services comprises an entirely offer-for-sale (OFS) worth ₹2,000 crore. The company's promoter, Kapur Family Trust, is divesting up to 18.2 million equity shares through the OFS.

 

Travel Food Services IPO is available at a price band of ₹1,045–1,100 per share, and a lot size of 12 shares. Thus, investors can bid for a minimum of 13 shares and in multiples thereof.

 

A retail investor would require a minimum of ₹14,300 to bid for one lot or 13 shares of Travel Food Services IPO (taking the upper price band into consideration). Retail investors can bid for a maximum of 13 lots or 169 shares with an investment amount of ₹1,85,900.  ALSO READ | Crizac shares list at 14% premium on bourse, miss IPO GMP forecast

Travel Food Services IPO grey market premium (GMP) today

The unlisted shares of Travel Food Services were exchanging hands at around ₹1,108 apiece, reflecting a grey market premium (GMP) of ₹8 or 0.73 per cent over the upper end of the issue price, according to sources tracking unofficial markets.

Travel Food Services IPO allotment date, listing date

As the public offering closes for subscription today, the basis of allotment of Travel Food Services IPO shares is expected to be finalised on Thursday, July 10. The company’s shares will be credited into demat accounts tentatively on Friday, July 11.

 

Shares of Travel Food Services are slated to make their D-Street debut by listing on the BSE and NSE tentatively on Monday, July 14.

Travel Food Services IPO registrar, BLRM details

MUFG Intime India (formerly Link Intime) serves as the registrar for Travel Food Services IPO, while Kotak Mahindra Capital Company is the sole book-running lead manager.  ALSO READ | ICICI Prudential AMC files IPO papers, Prudential Corp to sell 10% stake

Travel Food Services IPO objective

Travel Food Services, in its Red Herring Prospectus (RHP), has said that it will not receive any proceeds from the offer. "All offer proceeds will be received by the promoter selling shareholder after deduction of offer-related expenses and relevant taxes thereon, to be borne by the promoter selling shareholder," reads the RHP.

About Travel Food Services

Incorporated in 2007, Travel Food Services operates airport travel quick-service restaurants and lounges. The company manages 397 Travel QSRs across India and Malaysia, offering curated food and beverage concepts. Travel Food Services' lounge business caters to first and business-class passengers, loyalty program members, and select cardholders. The company's operations span 14 airports in India and three airports in Malaysia. Major airports served include Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai airports.