The Indian stock market is once again making headlines with an IPO that’s grabbing everyone’s attention. IPO Raised ₹599 Crore Even Before Opening — and this single line is enough to get retail investors talking. But what does this mean for you? Should you jump in too? Let’s break it all down in a simple, human way so you can decide for yourself.
Travel Food Services IPO Raises ₹599 Crore from Anchor Investors Ahead of IPO; GMP Indicates 3–5% Listing Upside
Mumbai: Just before the IPO opens for public subscription today, Travel Food Services—India’s largest airport foodservice and lounge operator—has secured a massive ₹599 crore from 33 anchor investors, placing 54.43 lakh shares at the upper end of its price band, ₹1,100/share, this past Friday (July 4)
Key Institutional Snapshots :
Key institutional participants include ICICI Prudential MF, Axis MF, Kotak MF, HDFC Life, Abu Dhabi Investment Authority, Fidelity, Government Pension Fund Global, SBI General Insurance, Tata AIA Life, and others Of the total, 43.5% (~23.7 lakh shares) went to seven domestic mutual fund schemes
IPO Structure & Price Details:
Fully structured as an Offer‑for‑Sale (OFS) by Kapur Family Trust—no fresh equity is being issued.
Aims to raise up to ₹2,000 crore with a price band of ₹1,045–₹1,100 per share
IPO opens today, July 7, and closes on July 9, 2025
Grey Market Premium (GMP):
As of this morning, the GMP hovers around ₹30–₹50, implying a possible 3–5% listing gain over the upper band
Company & Financial Highlights
Operations: 413 food outlets (384 in India, 29 overseas) and 37 lounges (including 28 private lounges) across 14 Indian and 3 international airports
FY25 Financials: Revenue rose 20.9% to ₹1,687.7 crore; net profit surged 27.4% to ₹379.7 crore
What It Means for Investors
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Strong Institutional Backing: ₹599 crore pre-booking at the upper band shows unwavering confidence from big-ticket investors.
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Bullish GMP Indication: A ₹30–₹50 GMP points to healthy listing expectations—but remember, grey market insights are speculative.
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Allocation Snapshot: With a 50% slice for QIBs, 35% for retail, and 15% for NIIs, retail investors could face stiff competition for allocation
| Attribute | Details |
|---|---|
| IPO Opening | July 7, 2025 |
| Closing | July 9, 2025 |
| Price Band | ₹1,045–₹1,100 |
| Anchor Book | ₹599 crore @ ₹1,100/share |
| GMP | ₹30–₹50 (~3–5%) |
| Tentative Listing Date | July 14, 2025 |
This morning’s news confirms that Travel Food Services IPO is off to a stellar start. The ₹599 crore topline from anchor investors is a significant confidence booster, and the current GMP indicates modest listing upside. However, retail applicants should remain cautious—track the subscription trend, examine valuations, and align your investment strategy with your risk profile. Let me know if you’d like insights into allotment probability, comparing this IPO with peers, or deeper valuation analysis!
Disclaimer : The views and recommendations made above are those of individual analysts or broking companies, and not of topshare broker. We advise investors to check with certified experts before making any investment decisions.