Travel Food Services IPO opens today to raise Rs 20 billion; Anil Singhvi recommends long-term investment
Mumbai-based Travel Food Services, a Mumbai-based travel fast service restaurant (QSR) company, has opened its initial public offering (IPO) on July 7, 2025 in today’s public subscription. The company aims to raise Rs 20 billion at a high price of Rs 1,100 per share.
An IPO is a book-building issue, including 18.2 million shares of the Offer for Sale (OFS) by Kapur Family Trust, the sponsor of the sales shareholder. There are no new problem components in this product. The company retains up to 50% net offers for qualified institutional buyers (QIBs), at least 35% net offers for retail investors and at least 15% net offers for non-institutional investors.
Prior to the public offering, Travel Food Service raised Rs 6 billion from host investors, including ICICI’s prudent mutual fund, Axis mutual fund, kotak mutual fund, Baroda BNP Paribas mutual fund, Abu Dhabi Investment Authority, Loyal Enterprises, Fidelity, Fidelity and Guarding Fund Fund the Plist Prises Band Band.
The IPO price band is fixed between Rs 1,045 and Rs 1,100 per share, with a size of 13 shares. Retail investors can apply for at least one batch, which costs Rs 14,300, up to 13 batches, totaling Rs 1,85,900.
Market expert Anil Singhvi advises investors to apply for a long-term investment range of one to two years. He highlighted the company’s experienced promoters and its dominant market operations, accounting for 74% of air passenger transport at major airports. Singhvi also noted strong growth potential in the Quick Service Restaurant (QSR) and airport lounge sections.
The company’s impressive financial track record is marked by profitability, strong cash flows and zero debt, which adds to its appeal. However, Singhvi warned that the IPO was purely OFS, which means no new capital would flow into the company. He also noted the risk of revenue concentration in only five major airports and potential competition from government initiatives such as “Udaan Yatri Cafe”.
Despite these concerns, Market Guru Singhvi sees travel food service as a solid long-term investment opportunity, given its leadership and growth prospects.
