Travel Food Services GMP
Travel Food Services Limited’s Initial Public Offering (IPO) is already making waves in the market—even before it opens for subscription. The company has raised a whopping ₹599 crore from anchor investors ahead of the launch, setting the tone for a strong debut. What’s more, the grey market premium (GMP) has surged to ₹94, signaling high investor demand and growing confidence in the offering.
IPO Details at a Glance:
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IPO Size: ₹2,000 crore (Offer for Sale)
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Price Band: ₹1,045 – ₹1,100 per share
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Lot Size: 13 shares
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Minimum Investment: ₹13,585 – ₹14,300
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Listing Gain Estimate: Around 7–8% expected
According to market watchers, the grey market premium (GMP) for Travel Food Services IPO is currently in the range of ₹82 to ₹94, indicating strong investor interest even before the IPO opens.
Travel Food Services IPO Grey Market Premium (GMP) & Expected Listing Gains
The Travel Food Services IPO is trading at a grey market premium (GMP) of ₹82 to ₹94 per share. Analysts expect the listing price to be in the range of ₹1,192 to ₹1,194, potentially offering around 8% gains on listing day.
₹599 Crore Raised from Anchor Investors
On July 4, 2025, the company raised ₹599 crore from 33 anchor investors by allotting 54.4 lakh shares at ₹1,100 each. Notable participants include:
ICICI Prudential Mutual Fund
Axis Mutual Fund
Kotak Mutual Fund
Baroda BNP Paribas
Fidelity Investments
Abu Dhabi Investment Authority
Financial Performance
Travel Food Services operates at 14 airports in India and 3 in Malaysia. The company posted strong growth in FY25:
- Revenue: ₹1,687.7 crore (up 20.9% YoY)
- Net Profit: ₹379.7 crore (up 27.4% YoY)
Should You Invest?
While the IPO is an OFS and does not bring new capital to the company, Travel Food Services’ solid financials and market presence make it attractive to investors. Experts believe there is potential for both short-term listing gains and long-term value, but caution is advised given market risks.
- Revenue: ₹1,687.7 crore (up 20.9% YoY)
- Net Profit: ₹379.7 crore (up 27.4% YoY)
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a SEBI-registered investment advisor before making investment decisions.