Travel Food Services IPO

About Travel Food Services IPO

Travel Food Services Limited is preparing to launch its IPO, which will be entirely an Offer for Sale by the Promoter Selling Shareholder, Kapur Family Trust, aggregating up to ₹2000 crores. The IPO offers equity shares with a face value of ₹1 each. The price band of the IPO is ₹1045-₹1100. The lot size is 13.

The IPO opening date is July 7, 2025. The closing date is July 9, 2025. The listing date is July 14, 2025. The allotment date is July 10, 2025. The credit of shares to the demat account will take place on July 11, 2025. The Initiation of refunds will take place on July 11, 2025

Objectives of Travel Food Services IPO

The company proposes to use the net proceeds from the IPO for:

(i) to carry out the Offer for Sale of up to [●] Equity Shares bearing face value ₹1 aggregating up to ₹2000 crore by the Promoter Selling Shareholder

(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Industry Outlook

The travel food services sector in India is poised for substantial growth, driven by increasing domestic and international travel. The organised food and beverage market at airports and railways is expanding rapidly due to improved infrastructure and growing passenger traffic. Government initiatives to privatise airports and enhance railway services further bolster opportunities for this industry.

Travel Food Services Company Information

Travel Food Services Limited is one of India’s leading providers of food and beverage services across travel and transit locations, including airports, railways, and highways. The company operates a diverse portfolio of restaurants, lounges, and food outlets under its flagship "K Hospitality" brand, leveraging over 16 years of expertise in the sector. Travel Food Services collaborates with renowned international and domestic brands, ensuring a premium experience for its customers.

Risks of Travel Food Services IPO

• High dependence on passenger traffic at airports, railway stations, and highways makes the business vulnerable to travel disruptions such as pandemics or natural disasters.
  

• Economic downturns or reductions in disposable income could significantly impact consumer spending on non-essential food services.
  

• Cost pressures from rising raw material prices and labour expenses could erode margins.
  

• Regulatory changes, including changes in tax laws or restrictions on certain types of food offerings, could affect revenue and compliance costs.
  

Anchor Investor Bidding Date Friday, July 4, 2025

IPO Registrar and Book Running Lead Manager

Link Intime India Private Limited is the registrar of the Travel Food Services Limited IPO. The book-running lead managers are:

• Kotak Mahindra Capital Company Limited
• HSBC Capital and Securities (India) Private Limited
• ICICI Securities Limited
• Batlivala & Karani Securities India Private Limited

Travel Food Services Business Model

Travel Food Services Limited operates a multi-channel model focused on delivering diverse food and beverage services across travel hubs in airports, and highways. The company combines proprietary brands, franchise partnerships, and premium lounges. In short, they provide services ranging from quick-service to luxury dining. Within the Travel QSR business, they offer a diverse portfolio of 127 F&B brands as of March 31, 2025, comprising international and regional Indian brands that they franchise from their brand partners, and brands that they developed 394 in-house. They had franchised 32 international brands and 58 regional Indian brands, in addition to 37 in-house brands, as of March 31, 2025. Leveraging exclusive long-term contracts with travel authorities ensures a strong presence in high-footfall areas.

Travel Food Services Company Growth Trajectory

Founded in 2007, Travel Food Services Limited has grown into a leading player with operations in over 20 travel hubs across India. The company has established a strong presence in premium F&B and lounge services by securing exclusive contracts at major airports and railways. The company’s revenue from operations increased from 1067.150 crores in FY23 to 1687.739 in FY25. Similarly, the net cash flows generated from operating activities increased from ₹322.147 crores in FY22 to ₹514.793 crores in FY25. With India’s travel sector booming, Travel Food Services is poised for further growth, leveraging its strong brand, operational excellence, and customer-focused offerings.

How to Check the Allotment Status of Travel Food Services IPO?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Link Intime India Private Ltd. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Travel Food Services Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

To check status on the website of Link Intime Private Ltd:

• Visit the website of Link Intime Private Ltd
• Choose ‘Public Issues’ from Investor Services dropdown
• Choose the name of the company from the ‘Select Company’ dropdown
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
• Click on Submit to check the status

How to Apply for Travel Food Services IPO?

Here are the steps to apply for Travel Food Services Limited IPO:

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.