Travel Food Services: The group takes pride in being one of the top food and beverage companies in India’s airports. TFS (Travel Food Services) is getting ready for an initial public offering (IPO) in 2025 in order to achieve sustainable growth and show leadership in India’s rapidly growing aviation and tourism sectors. Make sure your trading equipment is available if you want to invest in such opportunities. For now, Open a Demat Account in AngelOne and get started with this blog!
An Overview of Travel Food Services and IPO:
TFS, a partnership between SSP Group and K Hospitality Corp, oversees restaurants and lounges at popular Indian tourist locations. The IPO is anticipated to play a significant role in TFS’s expansion, providing SSP Group, which owns 49% of the company, with an opportunity to strengthen its financial position. SSP plans to raise its stake to a controlling 50.01% prior to the IPO to demonstrate its faith in India’s growing aviation industry.
Highlights of IPO:
- The issue price for this IPO is ₹ 1 per equity share. This issue will be offered as a complete OFS of ₹ 2,000 crore by the Kapur Family Trust. This also includes a special reservation for qualified employees.
- Under the IPO, 50% of the net offering will be allotted to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs) and 35% to retail investors.
- Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, and Batlivala & Karani Securities India Private Limited are the main managers of this IPO. The issue of this deal has been dealt with by Link Intime India Private Limited.
Final Thoughts:
An astute move by SSP Group and a great opportunity for the investors, this IPO will be an important event for the food services and aviation sectors as TFS is now all set to establish itself much more strongly with the growth of the Indian travel sector. Keep watching for further updates on market trends and updates! Don’t miss out – Open a Demat Account in AngelOne today! Also, let us know if you have any suggestions in the comments below.
(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)
Authored by – Deepa Trivedi
Travel Food Services Limited
IPO
