Travel Food Services Limited, a major player providing quick service restaurants and lounge services at airports, debuted on the stock market on Monday, July 14th. The company's shares were listed on the BSE at ₹1126.20, approximately 2.3% higher than its issue price of ₹1100. The shares also began with a similar strength on the NSE.
This listing was in line with market expectations, considering the slight upward trend in the market and the potential of the sector among investors on the day of the IPO listing.
Strong Response to the ₹2000 Crore IPO
This IPO by Travel Food Services was entirely an Offer for Sale (OFS), through which the promoter, the Kapoor Family Trust, decided to sell shares worth ₹2000 crore. The company did not receive any direct capital from this issue, as all the money would be transferred to the promoter.
The IPO was subscribed 2.88 times. Notably, Qualified Institutional Investors (QIBs) showed the most interest in this issue by applying 7.70 times. The non-institutional investors (NII) portion was filled 1.58 times, while the retail investors' participation reached only 69 percent.
IPO Open from July 7th to July 9th
The company opened its public offering for subscription from July 7th to July 9th, 2025. The issue price band was fixed at ₹1045 to ₹1100 per share. Most of the bids were received at the upper price band by the final day.
Company Profile and Business
Travel Food Services Limited provides travel-focused food and beverage outlets and premium lounge services at major airports in India and Malaysia. The company operates at almost all major airports in the country and is considered among the leading companies in the airport food service industry.
It holds a 26 percent share in the Indian airport Quick Service Restaurant (QSR) market, while it has a 45 percent market share in the airport lounge business.
Constant Growth of Company Presence
Over the past three financial years, Travel Food Services has rapidly increased the number of its outlets. In fiscal year 2023, the company added 80 new outlets. This number was 92 in 2024, and in 2025, the company launched 96 new outlets.
During this period, the company's presence reached many new and regional airports in the country. Along with this, the company has also expanded its footprint in Malaysia.
Tremendous Profit in 2025
In fiscal year 2025, the company increased its revenue by 21 percent, reaching ₹1687.7 crore. During this period, the company's net profit increased by 27.4 percent to ₹379.7 crore. This financial performance reflects the investors' confidence in the company.
Growing Dominance in the Airport Lounge and QSR Industry
The airport travel QSR and lounge industry is growing rapidly in India, especially with the increase in air travel. Travel Food Services is already in a b position in this growing segment. The company has tie-ups with many international and domestic brands and also holds special rights at airports in several major cities.
Investors Focus on Company Expansion
Although the company did not receive any direct funds from the IPO, investors' focus has now shifted to its growth strategy after the listing in the market. The company is working towards diversifying its revenue stream.
The company has various formats, including cafes, bakeries, restaurants, bars, and premium lounges, designed according to the needs of travelers. Furthermore, the expansion possibilities in Asian markets like Malaysia and Singapore are opening up new opportunities for the company.
