About Travel Food Services:
The company operates Travel QSR and Lounge businesses across airports in India and Malaysia, with a new Lounge opened in Hong Kong in July 2024. It also runs QSR outlets at select Indian highways and offers 117 partner and in-house F&B brands.
About the Industry in which Travel Food Services operates:
As per the CRISIL Report, domestic air passenger traffic in India is projected to grow at a CAGR of 8%–9%, and international traffic at 6%–8% between Fiscal 2024 and 2034. This growth is expected to drive demand in the Travel QSR and Lounge sectors at Indian airports, supported by factors such as increased passenger dwell time, the expansion of low-cost carriers, and rising usage of credit card and loyalty programs. The Travel QSR sector is anticipated to grow at a CAGR of 17%–19%, while the Lounge industry is expected to grow at a CAGR of 21%–23% over the same period.
| Important Information and Timelines of the IPO of Travel Food Services: | |
|---|---|
| Open Date | 7 July 2025 |
| Close Date | 9 July 2025 |
| Total Issue Size – Number of Shares | 18181818 |
| Minimum Bid Price | 1045 |
| Maximum Bid Price | 1100 |
| Lot Size | 13 |
| Basis of Allotment | 10 July 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 11 July 2025 |
| Listing Date | 14 July 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Travel Food Services:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 13 | 14300 |
| Retail – Maximum | 13 | 169 | 185900 |
| sHNI – Minimum | 14 | 182 | 200200 |
| sHNI – Maximum | 69 | 897 | 986700 |
| bHNI – Minimum | 70 | 910 | 1001000 |
Objective of the IPO of Travel Food Services:
The objectives of the Offer are to
(i) Facilitate the Offer for Sale.
(ii) Enable the listing of the Equity Shares on the Stock Exchanges to gain the benefits associated with such listing.
Financials of Travel Food Services:
| Particulars | As at and for three months ended June 30, 2024* | As at and for the Fiscal 2024 | As at and for the Fiscal 2023 | As at and for the Fiscal 2022 |
|---|---|---|---|---|
| Equity share capital | 38.73 | 38.73 | 38.73 | 38.73 |
| Revenue from operations | 4,098.64 | 13,963.22 | 10,671.50 | 3,896.09 |
| Profit for the period/year | 595.46 | 2,980.17 | 2,512.99 | 50.30 |
| Earnings per Equity Share – Basic | 4.21* | 21.85 | 18.52 | 0.38 |
| Earnings per Equity Share – Diluted | 4.21* | 21.85 | 18.52 | 0.38 |
| Net Worth | 8,518.28 | 7,960.00 | 6,511.22 | 4,065.11 |
| Net Asset Value per Equity Share | 64.69 | 60.45 | 49.45 | 30.87 |
| Total Borrowings | 669.70 | 637.81 | 310.52 | 381.67 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Travel Food Services. You will receive a UPI mandate after 10:00 AM on 7 July 2025.
###1. How to apply for the IPO of Travel Food Services on Dhan?
You can apply for the IPO of Travel Food Services from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Travel Food Services be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 11 July 2025. However, you will be able to see the shares of Travel Food Services on Dhan before the market starts on the listing date which is 14 July 2025.