Travel Food Services share price Live: GMP, experts hint lukewarm return upon listing, check listing time, more
Travel Food Services IPO opened for subscription on Monday, July 7 and closed on Wednesday, July 9. Travel Food Services IPO subscription status on the last bidding day was 2.88 times. The company fixed a price band of ₹ 1,045 to ₹ 1,100 per share for its IPO.
Travel Food Services established its inaugural travel quick-service restaurant (QSR) in 2009. It is backed by SSP Group plc (SSP) along with its affiliates, including SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd, and the Kapur Family Trust, Varun Kapur, and Karan Kapur.
Based in Mumbai, Travel Food Services boasts a varied lineup of food and beverage (F&B) concepts, which encompasses fast food, cafes, bakeries, food courts, and bars, mainly situated in airports and select highway locations.
As of June 30, 2024, the company operates in 14 airports across India, including key hubs such as Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai, as well as three airports in Malaysia.
Travel Food Services IPO GMP today or Travel Food Services IPO grey market premium is +25. This indicates Travel Food Services' share price was trading at a premium of ₹ 25 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Travel Food Services share price was indicated at ₹ 1,125 apiece, which is 2.27% higher than the IPO price of ₹ 1,100.
After analyzing the grey market activities from the last 18 sessions, the present GMP ( ₹ 25) indicates a trend towards declining values. The minimum GMP recorded is ₹ 0.00, whereas the maximum GMP reached is ₹ 92, as per the experts at investorgain.com.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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