Travel Food Services IPO subscription to open next week; secures Rs 600 crore from anchor investors
Travel Food Services Limited has raised nearly Rs 600 crore from anchor investors, days before its IPO opening for public subscription, reports PTI. Among the anchor investors are ICICI Prudential Mutual Fund (MF), Axis MF, Kotak MF, Baroda BNP Paribas MF, Abu Dhabi Investment Authority, Fidelity and Government Pension Fund Global, according to a circular uploaded on BSE's website.
Travel Food Services Limited has a price band of Rs 1,045 to Rs 1,100 per share.
MUFG Intime India Private Limited is the registrar for the Travel Food Services IPO.
The face value and tick size of Travel Food Services IPO is Re 1.
According to the details available, the Travel Food Services IPO is slated to be finalised on July 10.
Travel Food Services Limited's shares are proposed to be listed on NSE, and BSE. The listing will likely take place on July 14.
Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Batlivala and Karani Securities India Private Limited are the book running lead managers for the Travel Food Services IPO.
Kotak Mahindra Bank Limited and ICICI Bank Limited are the sponsor banks for the Travel Food Services IPO.
Travel Food Services launched its first travel quick-service restaurant (QSR) outlet in 2009. It is promoted by SSP Group plc (SSP) and its affiliates SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd along with the Kapur Family Trust, Varun Kapur and Karan Kapur.
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