GMP (Grey Market Premium)
The current GMP for Travel Food Services IPO is ₹12–16, indicating an estimated listing gain of ~1–1.5% over the upper price band of ₹1,100
📝 Travel Food Services IPO – All You Need to Know
Price Band & Lot Size
- Price Band: ₹1,045–₹1,100 per share
- Lot Size: 13 shares (₹14,300–₹14,300+ based on price band)
Issue Structure
- Offer Type: 100% Offer‑for‑Sale (no fresh equity)—promoters selling ~1.82 crore shares to raise ₹2,000 cr
- Anchor Investors: Secured ₹598–600 cr from top institutional names like ICICI Prudential, ADIA, Axis MF, etc., at ₹1,100/share
Subscription Figures
- Day 1: ~10% overall; retail led at ~14%, QIB ~7%, NII ~6%
- Day 2 (as of Jul 8): ~14–15% overall; retail ~18–21%, NIIs ~11–13%, QIBs ~7–18%, employee ~49–70%
Timeline & Listing
- IPO Period: July 7–9, 2025
- Allotment Date: Expected July 10
- Listing Date: Tentatively July 14, 2025, on NSE & BSE
🚀 Why Investors Are Watching
- Market Reach – Operates ~397 quick-service restaurants and 37 lounges across airports in India and Malaysia
- Strong Financials – Zero debt, positive cash flows, raising confidence.
- Exit Offer – Promoters (SSP & Kapur Family Trust) providing liquidity opportunity, but no fresh capital for expansion.
- Limited Listing Upside – With GMP of ~₹12–16, expected listing gain is modest (~1%), though early anchor investments reflect confidence.
✅ Final Take about Travel Food Service IPO
Travel Food Services IPO offers exposure to a niche yet growing travel‑F&B sector. Its leadership in airport food & lounge services is a plus. However, as a pure OFS without fresh funds, growth capital is absent. Plus, with muted GMP and early subscription figures, listing gains may be moderate.
If you’re eyeing sector exposure or believe in recovery/travel growth, this IPO might fit your medium-term portfolio. Just weigh the modest upside against the IPO’s defensive strengths—zero debt, institutional confidence, and legacy management teams.
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