Travel Food Services Serves Up ₹5.99 Bn Anchor Feast—ADIA, Norges, ICICI Among Star Investors

Travel Food Services Ltd (TFS) has successfully raised ₹5.99 billion through its anchor book allocation, ahead of its ₹2,000 crore IPO opening on July 7, 2025. Shares were allotted at the upper price band of ₹1,100 apiece, signaling strong institutional appetite for India’s largest airport-focused QSR and lounge operator.

 

The anchor round saw participation from marquee global and domestic investors including the Abu Dhabi Investment Authority (ADIA), Norges Bank, and ICICI Prudential Mutual Fund, among others. The IPO is a pure offer-for-sale (OFS) by the Kapur Family Trust, with no fresh issue component, meaning proceeds will go entirely to the selling shareholder.

 

TFS operates 397 QSR outlets and 37 lounges across airports in India, Malaysia, and Hong Kong. With a 26% market share in airport QSRs and 45% in lounges, the company is poised to benefit from India’s booming air travel sector.

 

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Source: MSN – Travel Food Services IPO Anchor Allocation Details