Travel Food Services Limited IPO: Date, Price, Allotment & Full Review
01 July 2025 · Sachin Gadekar
Is the airport F&B leader’s IPO a good pick for your portfolio? Ultra breaks down Travel Food Services Limited IPO date, allotment, share price, company turnover, and everything you should know.
About Travel Food Services Limited
Introduction
Travel Food Services Limited (TFS) is ready to hit the Indian stock market with its initial public offering (IPO). As a major player in airport quick-service restaurants (QSR) and lounges across India and Malaysia, TFS’s IPO is being closely tracked by investors who follow India’s travel and hospitality sectors.
In this detailed blog, Ultra answers all your questions about the Travel Food Services Limited IPO date, share price, DRHP highlights, turnover, allotment status, and whether this public issue could be worth subscribing to.
Travel Food Services Limited was incorporated in 2007 and today runs India’s largest chain of airport-focused QSRs and lounges. Its presence spans major airports such as Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, and Kolkata, along with three airports in Malaysia.
Key highlights about TFS:
Operates 397 QSR outlets across India and Malaysia (as of June 30, 2024)
Runs a portfolio of 117 partner and in-house brands covering a variety of cuisines and service formats
Offers premium lounge services for first and business-class travelers, loyalty program members, and select cardholders
Has been operating in key airports like Delhi and Mumbai for over a decade, showcasing deep experience in airport F&B operations
Travel Food Services Limited IPO: Key Details
| Particulars | Details |
|---|---|
| IPO Type | Bookbuilding |
| Issue Size | Entirely Offer For Sale (exact size TBD) |
| Face Value | ₹1 per share |
| IPO Date | To be announced |
| IPO Price Band | To be announced |
| Lot Size | To be announced |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 13,16,79,484 shares |
| Lead Promoters | SSP Group plc, SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd, Kapur Family Trust, Varun Kapur & Karan Kapur |
Travel Food Services Limited: Financial Highlights
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹1,771.16 Cr | ₹1,623.39 Cr | ₹1,332.32 Cr | ₹1,056.49 Cr |
| Revenue | ₹425.20 Cr | ₹1,462.29 Cr | ₹1,103.58 Cr | ₹441.66 Cr |
| Profit After Tax | ₹59.55 Cr | ₹298.02 Cr | ₹251.30 Cr | ₹5.03 Cr |
| EBITDA | ₹132.89 Cr | ₹549.89 Cr | ₹458.05 Cr | ₹140.27 Cr |
| Net Worth | ₹851.83 Cr | ₹796.00 Cr | ₹651.12 Cr | ₹406.51 Cr |
| Total Borrowing | ₹66.97 Cr | ₹63.78 Cr | ₹31.05 Cr | ₹38.17 Cr |
Explain an IPO: How Does It Work?
Before investing, it’s important to understand what an IPO is. An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time to get listed on the stock exchange. This helps the company’s early investors partially or fully exit, while giving new investors a chance to own a stake in the business.
In the case of Travel Food Services Limited, the IPO is entirely an Offer For Sale (OFS) — so no fresh capital will be infused into the company.
Travel Food Services Pvt Ltd Turnover & LinkedIn Presence
Turnover: Travel Food Services has seen robust growth, with revenue growing from ₹441 crore in FY22 to over ₹1,462 crore in FY24.
LinkedIn: TFS is active on LinkedIn, sharing updates about its brand partnerships, new outlets, and career opportunities.
Zauba: Corporate records on sites like Zauba show the company’s incorporation details, directors, and compliance filings.
Travel Food Services Limited IPO Review: Is It Good or Bad?
Here’s a quick SWOT-style Travel Food Services Limited IPO review:
Strengths:
Leading market share in India’s airport F&B and lounge business.
Long-standing contracts with India’s busiest airports.
Strong partner network (SSP Group, K Hospitality).
Diversified F&B portfolio — both international and in-house brands.
Risks:
Entirely an OFS — no fresh capital for future expansion.
Heavily dependent on the travel industry; any drop in passenger traffic can impact revenue.
Higher operating costs at premium airport locations.
Verdict:
If you want exposure to India’s booming air travel and premium F&B segment, this IPO could be worth tracking. However, wait for the Travel Food Services Limited IPO price band, DRHP updates, and consult your advisor before investing.
How to Buy Travel Food Services Limited IPO Shares
Open a Demat & Trading Account: You need a verified Demat account with a SEBI-registered broker.
Check IPO Dates & Lot Size: Once announced, review the price band and minimum lot size.
Place Bids: Use your broker app or net banking to apply within the IPO window.
Mandate Approval: Confirm UPI mandate to complete your application.
Check Allotment: Visit the registrar site or Ultra’s IPO page for Travel Food Services Limited IPO allotment status.
Listing: If allotted, shares will be credited to your Demat before listing day.
FAQs: Travel Food Services Limited IPO
Q1: What is the Travel Food Services Limited IPO date? >>The IPO dates are yet to be announced. Follow Ultra for updates.
Q2: What is the Travel Food Services share price? >>The IPO price band will be declared closer to the opening date.
Q3: How do I check Travel Food Services Limited IPO allotment? >>Check the registrar’s site or your broker’s IPO section. Ultra will also share the direct link.
Q4: What is Travel Food Services Pvt Ltd turnover? >>TFS reported a revenue of ₹1,462 crore in FY24.
Q5: Is Travel Food Services Limited IPO good or bad? >>The company’s market leadership, growth, and brand partnerships make it an interesting pick. However, as an OFS, weigh the valuations before subscribing.
Final Words
Travel Food Services Limited IPO could be an exciting bet for investors seeking exposure to India’s airport F&B and lounge segments. With air travel surging post-pandemic, the demand for quality dining and lounge experiences is set to grow.
Stay tuned to Ultra for all updates on Travel Food Services Limited IPO date, share price, GMP, DRHP, and allotment status.
Explore more investment opportunities at Ultra — your trusted partner for smart investing.