Boarding Ends Soon: Travel Food Services IPO Nears Final Tally Amid Lukewarm Demand

The ₹2,000 crore IPO of Travel Food Services Ltd is set to close today, July 9, amid subdued investor interest and a modest grey market premium. The offering, entirely an offerforsale by promoter Kapur Family Trust, has seen muted subscription across categories, prompting investors to weigh longterm fundamentals over shortterm listing gains.

 

IPO Snapshot and Key Dates:

 

Price band: ₹1,045–₹1,100 per share

Lot size: 13 shares; minimum investment ₹14,300

Subscription closes: July 9

Allotment finalization: July 10

Listing date: July 14 on BSE and NSE

 

Subscription Status (as of July 9, 10:10 AM):

 

Overall: 26% subscribed

Retail: 27%

NonInstitutional Investors: 27%

Qualified Institutional Buyers: 18%

 

Grey Market Premium (GMP):

Company Overview:

Analyst Verdict:

Brokerages like SBI Securities and Canara Bank Securities recommend a ‘subscribe for longterm’ view, citing strong margins, brand equity, and airportcentric growth. However, flat GMP and weak demand suggest limited listingday upside.

 

Sources: Business Standard, News18, India TV, IPOWatch, Moneyexcel, Economic Times, Livemint, InvestorGain, Financesaathi