The issue opened for bidding on 7 July 2025 and it will close on 9 July 2025. The price band of the IPO is fixed between Rs 1,045 and 1,100 per share. An investor can bid for a minimum of 13 equity shares and in multiples thereof.

The IPO comprises an entire offer for sale (OFS) of 1,81,81,818 equity shares at higher price band. Promoter family group (Kapur Family Trust) will be offloading shares worth Rs 2000 crore worth of shares in the OFS. The offer provides reservation options for eligible employees to subscribe at a discount of Rs 104 per share.

Travel Food Services (TFS) is an Indian airport travel quick service restaurant (Travel QSR) and lounge (Lounge). The company's F&B brand portfolio, comprising 127 partner and in-house brands, is in the operation of 442 Travel QSRs across India, Malaysia and Hong Kong.

The travel QSR business comprises a range of curated food and beverage (F&B) concepts across cuisines, brands and formats, which have been adapted to cater to customers' demands for speed and convenience within travel environments. TFS lounge business comprises designated areas within airport terminals, accessible primarily by first and business-class passengers, members of airline loyalty programs, select credit card and debit card holders and members of other loyalty programs.

Ahead of the IPO, Travel Food Services on Friday, 4 July 2025, raised Rs 598.79 crore from anchor investors. The board allotted 54.43 lakh shares at Rs 1,100 each to 33 anchor investors.

The firm reported a consolidated net profit of Rs 363.15 crore and sales of Rs 1,687.74 crore for the twelve months ended on 31 March 2025.

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