Latest news with #TravelFoodServicesLimited
Mint
11 hours ago
- Business
- Mint
Travel Food Services IPO day 1 Live: GMP, subscription status, review, other details. Apply or not?
Travel Food Services IPO: The initial public offering (IPO) of Travel Food Services Limited has opened today and will remain open until 9 July 2025. The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share. The book build issue is proposed for listing on the NSE and the BSE. The company aims to raise ₹ 2,000 crore, which is completely offered for sale (OFS). Shares of the company are available in the grey market. According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today. By 11:45 AM on day 1 of bidding, the book build issue had been booked 0.04 times, the retail portion had been subscribed 0.07 times, while the NII segment had been filled 0.03 times. 1] Travel Food Services IPO GMP today: According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today. 2] Travel Food Services IPO date: The public issue has opened today and will remain open until 9 July 2025. 3] Travel Food Services IPO price: The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share. 4] Travel Food Services IPO size: The company aims to raise ₹ 2,000 crore through an entirely open-for-sale (OFS) IPO. Infographic: Courtesy mintgenie 5] Travel Food Services IPO lot size: Bidders can apply in lots, and one lot comprises 13 company shares. 6] Travel Food Services IPO allotment date: The most likely date for share allocation is 10 July 2025. 7] Travel Food Services IPO registrar: MUFG Intime India Private Limited (Link Intime) has been appointed registrar of the public issue. 8] Travel Food Services IPO lead managers: Kotak Mahindra Capital, HSBC Securities, ICICI Securities, and Batlivala & Karani Securities have been appointed lead managers of the public offer. 9] Travel Food Services IPO listing date: The most likely date for Travel Food Services' share listing is 14 July 2025. 10] Travel Food Services IPO review: Ventura Securities has assigned a 'subscribe' tag to the public issue, saying, "TFS's revenue increased by 20.9% from FY24 to FY25, reaching ₹ 1,762.71 crore. EBITDA grew 34% during the same period, rising from ₹ 549.99 crore in FY24 to ₹ 676.35 crore in FY25. PAT also grew by 27.3%, increasing from ₹ 298.12 crore in FY24 to ₹ 379.66 crore in FY25. TFS operates with zero debt. TFS is expanding into international markets, including Malaysia, Hong Kong, Asia-Pacific, and the Middle East, leveraging its relationship with SSP Group, a UK-based entity. TFS is also expanding opportunities in expressway travel QSRs." BP Equities has also assigned a 'subscribe' tag, saying, "The issue is valued at a P/E of 39.9x on the upper price band, based on FY25 earnings, representing a discount to listed QSR companies. Therefore, we recommend a SUBSCRIBE rating for the issue."
Mint
13 hours ago
- Business
- Mint
Travel Food Services IPO day 1: GMP, subscription status, review, other details. Apply or not?
Travel Food Services IPO: The initial public offering (IPO) of Travel Food Services Limited has opened today and will remain open until 9 July 2025. The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share. The book build issue is proposed for listing on the NSE and the BSE. The company aims to raise ₹ 2,000 crore, which is completely offered for sale (OFS). Shares of the company are available in the grey market. According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today. By 10:09 AM on day 1 of bidding, the book build issue had been booked 0.01 times, the retail portion had been subscribed 0.02 times, while the NII segment had been filled 0.01 times. 1] Travel Food Services IPO GMP today: According to market observers, Travel Food Services shares are available at a premium of ₹ 30 in the grey market today. 2] Travel Food Services IPO date: The public issue has opened today and will remain open until 9 July 2025. 3] Travel Food Services IPO price: The company has fixed the Travel Food Services IPO price band from ₹ 1045 to ₹ 1100 per equity share. 4] Travel Food Services IPO size: The company aims to raise ₹ 2,000 crore through an entirely open-for-sale (OFS) IPO. Infographic: Courtesy mintgenie 5] Travel Food Services IPO lot size: Bidders can apply in lots, and one lot comprises 13 company shares. 6] Travel Food Services IPO allotment date: The most likely date for share allocation is 10 July 2025. 7] Travel Food Services IPO registrar: MUFG Intime India Private Limited (Link Intime) has been appointed registrar of the public issue. 8] Travel Food Services IPO lead managers: Kotak Mahindra Capital, HSBC Securities, ICICI Securities, and Batlivala & Karani Securities have been appointed lead managers of the public offer. 9] Travel Food Services IPO listing date: The most likely date for Travel Food Services' share listing is 14 July 2025. 10] Travel Food Services IPO review: Ventura Securities has assigned a 'subscribe' tag to the public issue, saying, "TFS's revenue increased by 20.9% from FY24 to FY25, reaching ₹ 1,762.71 crore. EBITDA grew 34% during the same period, rising from ₹ 549.99 crore in FY24 to ₹ 676.35 crore in FY25. PAT also grew by 27.3%, increasing from ₹ 298.12 crore in FY24 to ₹ 379.66 crore in FY25. TFS operates with zero debt. TFS is expanding into international markets, including Malaysia, Hong Kong, Asia-Pacific, and the Middle East, leveraging its relationship with SSP Group, a UK-based entity. TFS is also expanding opportunities in expressway travel QSRs." BP Equities has also assigned a 'subscribe' tag, saying, "The issue is valued at a P/E of 39.9x on the upper price band, based on FY25 earnings, representing a discount to listed QSR companies. Therefore, we recommend a SUBSCRIBE rating for the issue." Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Indian Express
2 days ago
- Business
- Indian Express
Travel Food Services IPO subscription to open next week; secures Rs 600 crore from anchor investors
Travel Food Services IPO: The three-day subscription of initial public offering (IPO) for Travel Food Services Limited will open next week. According to the BSE, the Travel Food Services IPO will open on for public subscription on July 7 and conclude on July 9. The proposed IPO is entirely an offer for sale (OFS) of shares worth Rs 2,000 crore by promoter Kapur Family Trust. The offer includes reservations for subscriptions by eligible employees. 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.
Mint
3 days ago
- Business
- Mint
Travel Food Services IPO opens on July 7: GMP, issue details, 10 key things to know
Travel Food Services IPO opens for subscription on Monday, July 7. Travel Food Services Limited operates quick service restaurants (Travel QSR) and lounges in Indian airports. As of June 30, 2024, the company runs 397 Travel QSRs across India and Malaysia, housing a mix of 117 partnered and in-house food and beverage brands. The Travel QSR segment presents a range of customized food and beverage options that cover various cuisines, brands, and formats, catering to customers' needs for speed and convenience while traveling. The lounge segment of Travel Food Services Limited includes specific areas within airport terminals, generally available to first and business-class passengers, members of airline reward programs, selected credit card and debit card holders, and those in other loyalty programs. According to the red herring prospectus (RHP), the comparable companies include Jubilant FoodWork Ltd (with a P/E of 205.81), Devyani International Ltd (with a P/E of 2,097.13), Sapphire Foods India Ltd (with a P/E of 548), Westlife Foodworld Ltd (with a P/E of 955.26), and Restaurant Brands Asia Ltd. Travel Food Services has demonstrated robust financial performance in the past few years, with profits in fiscal 2025 increasing by 27.4% to reach ₹ 379.7 crore, while revenue rose by 20.9% to ₹ 1,687.7 crore compared to the previous year. Travel Food Services IPO date: The issue opens for subscription on Monday, July 7 and closes on Wednesday, July 9. Travel Food Services IPO price band: The IPO price band has been fixed in the range of ₹ 1,045 to ₹ 1,100 per equity share of face value of Re 1. Travel Food Services IPO lot size: The issue's lot size is 13 equity shares and in multiples of 13 equity shares thereafter. Anchor investors: The allocation to anchor investors for Travel Food Services IPO is scheduled to take place today (Friday, July 4). Travel Food Services IPO details: The forthcoming IPO consists of a total offer-for-sale (OFS) of shares amounting to ₹ 2,000 crore by the Kapur Family Trust, which is the promoter. This offer includes reservation options for qualified employees to participate in the subscription. Travel Food Services IPO objective: The Kapur Family Trust operates under the K Hospitality brand, which oversees and invests in different enterprises in the hospitality and food service industries, such as Travel Food Services. As this IPO consists entirely of an Offer for Sale (OFS), the company will not receive any capital from this issuance, and all funds raised will go to the selling shareholder. Travel Food Services IPO listing date and allotment details: Tentatively, the allotment of shares for the Travel Food Services IPO is set to be determined on Thursday, July 10, with refunds being processed on Friday, July 11. The shares will be credited to the demat accounts of the allottees on the same day as the refunds. The listing of Travel Food Services shares is expected to take place on BSE and NSE on Monday, July 14. Lead Manager and Registrar of Travel Food Services IPO: Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, and Batlivala & Karani Securities India Private Limited serve as the book-running lead managers, while MUFG Intime India Private Limited is the issue registrar. Travel Food Services IPO reservation: Travel Food Services IPO has allocated 50% of the shares from the public offering to qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% of the total offer is set aside for retail investors. Additionally, the portion reserved for employees has been capped at ₹ 40 million. Travel Food Services IPO GMP today: Travel Food IPO GMP today or grey market premium is +92. This indicates Travel Food Services share price were trading at a premium of ₹ 92 in the grey market on Friday, according to 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 ₹ 1,192 apiece, which is 8.36% higher than the IPO price of ₹ 1,100. '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.
Mint
5 days ago
- Business
- Mint
Travel Food Services IPO: Price band set at ₹1,045-1,100 per share; check GMP, issue details, more
The Travel Food Services IPO price band has been fixed in the range of ₹ 1,045 to ₹ 1,100 per equity share of the face value of Re 1. The Travel Food Services IPO date of subscription is scheduled for Monday, July 7, and will close on Wednesday, July 9. The allocation to anchor investors for the Travel Food Services IPO is scheduled to take place on Friday, July 4. The floor price is 1,045 times the face value of the equity shares and the cap price is 1,100 times the face value of the equity shares. The Travel Food Services IPO lot size is 13 equity shares and in multiples of 13 equity shares thereafter. Travel Food Services IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee has been reservation portion has been reserved up to ₹ 40 million. Tentatively, Travel Food Services IPO basis of allotment of shares will be finalised on Thursday, July 10 and the company will initiate refunds on Friday, July 11 while the shares will be credited to the demat account of allottees on the same day following refund. Travel Food Services share price is likely to be listed on BSE and NSE on Monday, July 14. Travel Food Services Limited is a quick service restaurant (Travel QSR) and lounge operator at Indian airports. As of June 30, 2024, the company operates 397 Travel QSRs in India and Malaysia, featuring a portfolio of 117 partner and in-house food and beverage brands. The upcoming IPO comprises a complete offer-for-sale (OFS) of shares valued at ₹ 2,000 crore by the Kapur Family Trust, the promoter. This offer provides reservation options for eligible employees to subscribe. The Kapur Family Trust functions under the K Hospitality brand, which manages and invests in various businesses within the hospitality and food service sectors, including Travel Food Services. Since this IPO is solely an OFS, the company will not obtain any funds from this issuance, and all proceeds will be directed to the selling shareholder. The merchant bankers responsible for the Travel Food Services IPO are Kotak Mahindra Capital Company, HSBC Securities and Capital Markets (India), ICICI Securities, and Batlivala & Karani Securities India. The Travel QSR segment offers a variety of tailored food and beverage concepts that span different cuisines, brands, and formats, meeting customer preferences for speed and convenience in travel settings. The lounge segment of Travel Food Services Limited consists of designated spaces within airport terminals, typically accessible to first and business-class travelers, members of airline loyalty programs, select credit card and debit card holders, and participants in other loyalty programs. By June 30, 2024, the company's Travel QSR and Lounge services were available in 14 airports across India and three airports in Malaysia, including prominent ones like the Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport. As of June 30, 2024, Travel Food Services had been present at the Delhi airport for 14 years, at the Mumbai airport for 15 years, at the Bengaluru airport for 5 years, and at the Chennai airport for 11 years. As per the red herring prospectus (RHP), the listed peers are Jubilant FoodWork Ltd (with a P/E of 205.81), Devyani International Ltd (with a P/E of 2,097.13), Sapphire Foods India Ltd (with a P/E of 548), and Westlife Foodworld Ltd (with a P/E of 955.26), and Restaurant Brands Asia Ltd. Travel Food Services has shown a strong financial performance in recent years, with profits in fiscal 2025 rising by 27.4% to reach ₹ 379.7 crore, while revenue climbed by 20.9% to ₹ 1,687.7 crore compared to the prior year.
