Travel Food Services ₹2,000 Cr IPO to Open on July 7: Busy IPO Week Ahead with Four New Issues and Nine Listings
Travel Food Services ₹2,000 Cr IPO to Open on July 7: Busy IPO Week Ahead with Four New Issues and Nine Listings
Major travel QSR player to hit the bourses; Smarten Power, Chemkart among others joining the fray
The second week of July is set to remain active in the IPO market with a major mainboard listing and several SME issues lined up. Leading the pack is Travel Food Services Ltd (TFS), a key player in the airport quick-service restaurant (QSR) and lounge segment, launching its ₹2,000 crore IPO from July 7 to July 9, 2025.
Travel Food Services IPO: Key Details
- IPO Window: July 7–July 9, 2025
- Price Band: ₹1,045 to ₹1,100 per share
- Issue Size: ₹2,000 crore (Offer for Sale of 1.82 crore shares)
- Minimum Investment: 13 shares (approx. ₹13,585 for retail investors)
- Anchor Investment: ₹598.8 crore raised on July 4
TFS is a dominant force in India’s airport food services market, with a 26% share in the QSR segment and 45% in airport lounges. As of March 2025, it operates 442 travel QSR outlets and 37 lounges across India, Malaysia, and Hong Kong. The company also holds contracts at upcoming airports in Greater Noida and Navi Mumbai, cementing its growth pipeline.
The IPO is purely an Offer for Sale, meaning existing shareholders will offload their stake with no fresh equity infusion.
Other IPOs to Watch This Week
Apart from TFS, investors should keep an eye on other public issues lined up this week, including:
- Smarten Power IPO
- Chemkart IPO
- Multiple SME listings across sectors
These offerings follow the strong listing momentum from last week, which saw IPOs like HDB Financial Services receive significant investor interest.
Should You Subscribe?
TFS’s strong market leadership in a niche, high-growth segment like airport-based QSR and lounges gives it a competitive edge. However, since the IPO is an Offer for Sale, potential investors should assess the company’s fundamentals, valuations, and future growth strategy closely.
Disclaimer: This is not investment advice. Please consult your financial advisor before investing.
