Travel Food Services Sets IPO Launch for July 7 with Price Band of ₹1,045–1,100 Per Share

Mumbai, 2 July 2025: Travel Food Services Ltd, a key player in the travel-focused food and beverage industry, is set to launch its ₹2,000 crore initial public offering (IPO) on 7 July 2025. The company has fixed the price band between ₹1,045 and ₹1,100 per equity share, with the entire issue structured as an offer-for-sale (OFS) by its promoter, the Kapur Family Trust.

IPO to Open on July 7: Key Dates and Subscription Details Revealed

The IPO will be open for public bidding from 7 July to 9 July 2025, while the anchor investor allocation will take place on 4 July 2025. As the entire IPO is an offer-for-sale, the company will not receive any funds from the issue. All proceeds will be directed to the selling shareholder. A reserved quota is allocated specifically for eligible employees.

No Fresh Issue: All Proceeds to Go to Promoter Kapur Family Trust

This IPO will not involve a fresh issue of shares. Instead, it is fully structured as an OFS by the Kapur Family Trust, meaning that Travel Food Services will not receive any capital infusion from this public offering. The listing is purely a move to provide an exit route for existing promoters and to improve public shareholding.

Strong Airport Footprint Drives the Company’s Growth Story

Founded in 2009, Travel Food Services is a prominent subsidiary of the K Hospitality Corp, and is promoted in partnership with SSP Group plc, its affiliates, and the Kapur Family Trust, including Varun Kapur and Karan Kapur. Headquartered in Mumbai, the company manages 397 travel quick-service restaurant outlets spread across 14 Indian airports and 3 airports in Malaysia as of June 2024. Major operational airports in India include Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai.

117 Brands Cater to Global and Local Palates Across Airports

The company’s extensive brand portfolio includes 117 partner and proprietary brands, offering a mix of international, regional Indian, and in-house concepts aimed primarily at airport and highway travellers.

International Brands Include:

• KFC
• Pizza Hut
• Wagamama
• Coffee Bean & Tea Leaf
• Jamie Oliver’s Pizzeria
• Brioche Doree
• Subway
• Krispy Kreme

Regional Indian Brands Include:

• Third Wave Coffee
• Hatti Kaapi
• Sangeetha
• Bikanervala
• Wow Momo
• The Irish House
• JOSHH
• Adyar Ananda Bhavan
• Bombay Brasserie

In-House Brands Include:

• CafA ©ccino
• Dilli Streat
• idli.com
• Curry Kitchen

These offerings target travellers seeking a wide array of food options, ranging from global chains to regional favourites.

IPO Allocation Structured to Attract Institutional and Retail Investors

Travel Food Services IPO allocation is divided strategically to balance institutional and retail participation:

• 50% reserved for Qualified Institutional Buyers (QIBs)
• 35% reserved for Retail Individual Investors (RIIs)
• 15% reserved for Non-Institutional Investors (NIIs)

The company’s equity shares are proposed to be listed on both the BSE and NSE, broadening accessibility for potential investors.

Top-Tier Lead Managers to Steer the IPO Process

The public offering is being managed by a strong consortium of Book Running Lead Managers:

• Kotak Mahindra Capital Company
• HSBC Securities and Capital Markets (India) Pvt Ltd
• ICICI Securities
• Batlivala & Karani Securities India

With its robust operational presence and diverse brand portfolio, Travel Food Services is poised to enhance its visibility in the hospitality and travel F&B sectors through this public listing.

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