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Travel Food Services IPO Wraps Up with 2.86x Subscription on Final Day

Updated: July 09, 2025 17:04

Image Source: Fintoo
Travel Food Services Limited’s Rs 2,000 crore IPO closed with strong investor interest, recording an overall subscription of 2.86 times as of 4:24 PM on July 9.
 
Key Highlights:
  • Retail Individual Investors led the charge with a 3.58x subscription, reflecting robust public enthusiasm.
  • NonInstitutional Investors followed with 2.12x, while Qualified Institutional Buyers subscribed 2.07x.
  • The employee category saw modest traction at 0.36x.
IPO Details:
  • The issue was entirely an offer for sale by the Kapur Family Trust, with no fresh equity issuance.
  • Price band ranged from Rs 1,045 to Rs 1,100 per share.
  • Anchor investors had already infused Rs 598.80 crore, including ICICI Prudential MF, ADIA, Axis MF, and Fidelity.
Market Outlook:
With operations across 14 airports and a dominant presence in travel retail, the company is poised for a promising listing on July 14.
 
Sources: IPOWatch, The Hindu BusinessLine, Economic Times.

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