Travel Food Services raises ₹599 crore from anchor investors on its initial public offering debut; the offering goes live today
In the bustling world of initial public offerings (IPOs), the Travel Food Services IPO made its debut on July 7, 2025, seeking to raise ₹2,000 crore. As the day drew to a close, the subscription figures revealed a mixed response from potential investors.
According to the latest data, the Travel Food Services IPO has achieved an approximate subscription of 7%, with retail investors showing slightly higher interest than institutional categories. The subscription is likely to evolve over the remaining days of the offering, which will close on July 9.
The IPO is being offered entirely as an offer for sale (OFS) of shares, priced between ₹1,045 and ₹1,100 per share. If the shares are sold at the upper price band, the company will command a market capitalisation of ₹14,485 crore.
As of the end of the day, the Qualified Institutional Buyers (QIB) portion was subscribed 7%, Retail Individual Investors (RII) 8%, and Non-Institutional Investors (NII) 3%. Early in the day, the subscription levels were lower, with some sources indicating figures as low as 0.01 to 0.10 times overall subscription. However, as the day progressed, the subscription picked up, with retail investors subscribing 0.10 times by 1.45 pm.
Before the IPO, Travel Food Services raised ₹598.80 crore from marquee anchor investors. Notably, the IPO was subscribed 0.12 times for the retail portion and 0.05 times for NIIs.
Investors can bid for a minimum of 13 shares and in multiples thereafter. As of the latest update, the Travel Food Services IPO has received bids for 4,51,009 shares against the total offer size of 1,34,12,842 shares.
The IPO is entirely an offer for sale by Kapur Family Trust. The allotment of shares is expected on July 10, 2025.
[1] Moneycontrol, Economic Times, Groww, and Instagram have been the primary sources of information for this article.
- The Travel Food Services IPO, offered entirely as an offer for sale, has achieved an approximate subscription of 7% as of the end of the day, with retail investors showing slightly higher interest than institutional categories.
- As the Travel Food Services IPO subscription figures evolve, the QIB portion was subscribed at 7%, Retail Individual Investors (RII) at 8%, and Non-Institutional Investors (NII) at 3%, with the subscription picking up as the day progressed, especially among retail investors.
- With the Travel Food Services IPO bids receiving for 4,51,009 shares against the total offer size of 1,34,12,842 shares, the company's entering the stock markets aims to whisk away potential investors' attention in the midst of the bustling world of business, economy, and finance.
- If the shares are sold at the upper price band, the company will command a market capitalization of ₹14,485 crore, and keen investors can bid for a minimum of 13 shares and in multiples thereafter.
- Before the Travel Food Services IPO, Kapur Family Trust raised funds from marquee anchor investors and the allotment of shares is expected on July 10, 2025, amidst the live markets, where evaluating business potential becomes an intricate part of investing decision-making.
