Travel Food Services IPO listing is happening today, July 14 2025. Learn about GMP, expected listing gains, subscription breakdown & Expert views.
Travel Food Services IPO listing is happening today, July 14, 2025, on both BSE and NSE. Trading starts at 10:00 IST in the pre‑open session, so investors can watch the listing price closely.
Travel Food Services IPO Listing—All You Need to Know
What is Travel Food Services?
Travel Food Services (TFS) runs quick‑service restaurants (QSR) and airport lounges in India and Malaysia. As of June 2024, it had 397 outlets operating 117 brands—both its own and partner labels. The company’s business thrives in travel hubs like airports, railway stations, and major highway stops.
Also read – Ganesh Dongre Top 3 Picks For Monday.
Timeline – From IPO to Listing
- IPO opened July 7, closed July 9.
- Basis of allotment finalized on July 10. Refunds and credit to demat accounts happened by July 11.
- Listing day is Monday, July 14, 2025, with trading from 10:00 IST.
Price Band & Offer Details
- IPO price band was ₹1,045 to ₹1,100 per share.
- Minimum lot size: 13 shares.
- Entirely an Offer‑for‑Sale (OFS) issue worth ₹2,000 crore by Kapur Family Trust—so the company did not raise fresh capital.
Subscription and Anchor Investors
Overall subscription: ~2.88–3.03 times.
QIBs (institutions): ~7.7–8.10×.
NIIs: ~1.58×; Retail: ~0.69× (undersubscribed).
Anchor investors contributed ₹598.8 crore before IPO launch—big names like ICICI Prudential Mutual, Kotak MF, Fidelity, Axis MF, Abu Dhabi Investment Authority, Tata AIA Life & more.
GMP & Expected Listing Price
What is Grey Market Premium (GMP)?
GMP reflects how much unofficial buyers are paying over the issue price before listing—it gives a rough idea of market sentiment. Though unofficial, it’s widely watched.
Current GMP Levels
- Different reports show slight variation, but all signal mild listing gains close to 2–3.6%:
- Mint and others reported GMP at ₹25, implying listing around ₹1,125 (≈ +2.27%).
- NDTV Profit quoted GMP ₹25 => same estimate.
- India Today showed GMP between ₹32–35, suggesting ₹1,132–1,135 listing (~3%).
- Business Standard reported low GMP (~₹8 in grey market), implying flat listing at ₹1,108 (~0.7%).
- So realistic expectation: listing likely around ₹1,110–₹1,140, depending on final grey market strength.
What Experts Expect
Mahesh M. Ojha, Hensex Securities: expects 3–5% listing gain; short‑term investors may book profit early.
Gaurav Goel, Fynocrat: overall 3.03× subscription, GMP shows ~3.8% gain. Suggests those applying for long‑term view can hold; short‑term players could book early.
Overall Statics & What It Means
- Listing day could see a small uplift, but nothing huge like multi‑day pop.
- Institutional confidence is strong; retail interest weak.
- Since it’s an OFS, no fresh funds enter the business—just shareholders selling. That may cap enthusiasm.
Still, the company shows good financials and a growing airport retail footprint. Some experts see scope for long‑term growth if expansion continues.
FAQs on Travel Food Services IPO
Q1: When is the Travel Food Services IPO listing date?
A1: It lists today, Monday, 14 July 2025, with trading starting at 10:00 IST on BSE and NSE.
Q2: What was the IPO price range and structure?
A2: The IPO was priced at ₹1,045–₹1,100 per share, with a minimum of 13 shares per lot. It was a pure Offer‑for‑Sale, raising ₹2,000 crore.
Q3: How many times was the IPO subscribed?
A3: Overall ~2.9×, with QIBs at ~7.7× and retail just ~0.7× subscription.
Q4: What is GMP and why does it matter?
A4: Grey Market Premium shows unofficial trading above issue price—acting as a soft indicator of listing demand. A GMP of ₹30 on a ₹1,100 issue suggests listing around ₹1,130.
Q5: What GMP trend did we see before listing?
A5: GMP ranged from ₹0 up to ₹92 over past weeks, but settled near ₹25–35 before IPO, pointing to a modest listing gain.
Q6: Is there a strong investment case long‑term?
A6: TFS is a growth play in travel retail, with strong institutional backing and expanding airport footprint. If margins improve and travel rebounds, long‑term holds may pay off.
Final Thoughts
Today’s Travel Food Services IPO listing seems set for a quiet debut, likely within ₹1,110–₹1,140 range—a 2–3% gain for many investors. With solid subscription from institutions and a strong airport retail footprint, it looks stable. Retail investors showed limited interest, however, which may limit upside for listing day.
If you applied with a long‑term view, it might be worth holding. Short‑term investors might consider booking a small gain soon after listing.
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