Travel Food Services IPO Upcoming
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Schedule of Travel Food Services
| Issue open date | 07 Jul 2025 |
| Issue close date | 09 Jul 2025 |
| UPI mandate deadline | 09 Jul 2025 (5 PM) |
| Allotment finalization | 10 Jul 2025 |
| Refund initiation | 11 Jul 2025 |
| Share credit | 11 Jul 2025 |
| Listing date | 14 Jul 2025 |
| Mandate end date | 24 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 09 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 08 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Travel Food Services
Travel Food Services (TFS), established in 2007 and headquartered in Mumbai, is a prominent player in India’s travel food and beverage (F&B) sector. Operating over 380 F&B outlets and 27 lounges across 19 cities, TFS serves approximately 150 million customers annually. A joint venture between K Hospitality Corp and the UK’s SSP Group, TFS offers a diverse portfolio of brands, including Copper Chimney, Jamie Oliver’s Kitchen, and Brioche Dorée. The company focuses on enhancing travel experiences by providing curated dining concepts and premium lounge services at major travel hubs. In FY24, TFS reported revenues of ₹1,460 crore, reflecting a 33% year-on-year growth.
Financials of Travel Food Services
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹2000 crores |
| Offer for sale | ₹2000 crores |
Strengths
- Leading presence in India’s travel F&B sector with operations in 19 cities.
- Diverse brand portfolio, including both international and indigenous culinary offerings.
- Strong annual revenue growth, with a 33% increase reported in FY24.
- Strategic joint venture with global player SSP Group, enhancing operational expertise.
- Recognition through multiple awards, including “Asia’s Leading Airport Lounge”.
Risks
- High dependence on passenger traffic at travel hubs makes revenues susceptible to fluctuations in travel trends.
- Exposure to economic downturns and geopolitical events affects travel behaviour.
- Intense competition from both domestic and international F&B operators in the travel sector.
- Operational challenges in maintaining consistent service quality across diverse locations.
- Potential delays in planned IPOs due to market uncertainties
Allotment Status for Travel Food Services
To check your allotment status – click here.