INSUBCONTINENT EXCLUSIVE:
Mumbai-based Travel Food Services Limited has garnered Rs 599 crore from anchor investors ahead of its initial public offering (IPO) that
opens for public subscription on Monday, July 7, 2025
Late Friday, the company informed the exchanges that it allocated 54,43,635 equity shares at Rs
1,100 per share on Friday, July 4, 2025, to anchor investors.Some of the marquee Institutions that participated in the anchor includes ICICI
Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Fidelity Investment Trust Emerging Asia Fund, Government Pension
Fund Global, Kotak Mutual Fund, Baroda BNP Paribas Mutual Fund, WhiteOak Capital Flexi Fund, Bajaj Allianz Life Insurance Company, HDFC Life
Tata AIA Life Insurance, Turnaround Opportunities Fund, IKIGAI Emerging Equity Fund, JM Financial Mutual Fund, Amundi Funds New Silk Road,
Samsung India Securities Master Investment Trust Equity, Bharti AXA Life Insurance, Helios Flexi Cap Fund, SBI General Life Insurance
Ltd, Societe Generale - ODI
Out of the total allocation of 54,43,635 equity shares to the anchor investors, 23,67,527 equity shares were allocated to 7 domestic mutual
funds through a total of 15 schemes, i.e
43.49% of the total anchor book size.Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited,
ICICI Securities Limited and Batlivala & Karani Securities India Private Limited, are the book-running lead managers, and MUFG Intime India
Private Limited is the registrar of the issue.
Live EventsAbout Travel Food Services IPO The IPO is entirely an offer for sale up to equity
shares aggregating to Rs 2,000 crore by Kapur Family Trust
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a
proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional
investors, and not less than 35% of the offer shall be available for allocation to retail individual bidders.Travel Food Services IPO bid
detailsInvestors can bid for a minimum of 13 equity shares and in multiples of 13 equity shares thereafter.About the companyPromoted by the
(QSRs) and airport lounges
Out of its 413 outlets, 384 are located in airports
Services financialsFinancially, the company posted a 27.4% rise in profit to Rs 379.7 crore in FY25, with revenue up 20.9% year-on-year to
Rs 1,687.7 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of Economic Times)
