The Travel Foods and Services stock entered the listing space on BSE today (Monday, July 14, 2025) at Rs 1,126.
The price band of the share was Rs 1,100 per share, so it has listed at a 2.36 per cent premium.
The Rs 2,000 crore bookobuilding issue was entirely an offer for sale IPO of 1.82 crore shares.
What Anil Singhvi says about Travel Foods and Services IPO
The market guru said that the IPO was expected to list at a small premium in the Rs 1,120-Rs 1,135 range against the issue price of Rs 1,100.
He advised applying for a long-term investment perspective of 1-2 years.
Anil Singhvi on Travel Foods and Services promotors
The market guru says that the promoters of the company are highly experienced, which increases investor trust in the management. Covering 74 per cent of air traffic makes the company the market leader in its sector.
He adds both the QSR and lounge segments have immense growth potential in the future as the number of air travelers is constantly increasing.
The market wizard opines that the financial performance of the company has been very impressive.
It is debt-free, has strong cash flow, and is profitable.
Its strong cash flow means that the firm does not have to worry about money to grow its business, he says.
Anil Singhvi on negative things about Travel Foods and Services
The entire issue is OFS.
Its offer for sale (OFS) means that the Rs 2,000 crore received from the IPO will not go to the company’s account.
All this money will be kept in the pocket of the existing investors (promoters) by selling their stake, says Singhvi, adding that this will not give the company any new capital for expansion.
The company’s business is mainly focused on 5 major airports of the country.
This is a kind of risk, because if any problem arises at these airports, then the company’s earnings will be directly affected.
The government is promoting schemes like ‘Udaan Yatri Cafe’.
In the future, if the government promotes cheap food outlets, then it may affect the company’s revenue.
Stoploss price
The market wizard said that the investor could hold with a stoploss below the IPO price of Rs 1,100.
Travel Foods and Services price band
While the price band of the share was Rs 1,100 per share, while its lot size of application was 13.
The minimum investment amount for retail investors was Rs 13,585 (13 shares).
However, the lot size investment for sNII was 14 lots (182 shares), worth Rs 2,00,200, and for bNII, it was 70 lots (910 shares), worth Rs 10,01,000.
The IPO also included a reservation of up to 40,382 shares for employees. The shares to them were being offered at a discount of Rs 104 to the issue price.
Bidding for the IPO started on July 7, 2025 and ended on July 9, 2025. Its allotment was finalized on Thursday, July 10, 2025.
Book-running manager, registrar for Travel Foods and Services
Kotak Mahindra Capital Company Limited is the book-running lead manager of the IPO. On the other hand, MUFG Intime India Private Limited (Link Intime) is the registrar for the same.
What does Travel Food Services Ltd do?
Established in 2007, Travel Food Services Limited is an Indian airport travel quick service restaurant (Travel QSR) and lounge (Lounge). Its F&B brand portfolio has 117 partner and in-house brands. Its is operational at 397 Travel QSRs across India and Malaysia, as of June 30, 2024.
