Travel Food Services ₹2000 Cr IPO Opens July 7

7/02/2025 03:08:00 pm

Mumbai, July 2, 2025: Travel Food Services Ltd (TFS), a leading airport food and lounge operator, will open its ₹2,000 crore IPO on July 7, 2025, with shares priced between ₹1,045 and ₹1,100.

Key IPO Details:

Open/Close: July 7 - July 9, 2025

Price Band: ₹1,045 - ₹1,100 per share

Lot Size: 13 shares (Min Investment: ₹14,300)

Allotment: July 10, 2025

Listing: BSE & NSE on July 14, 2025

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Issue Composition: Combination of a fresh issue and an Offer for Sale (OFS) of up to 1.82 crore shares.

Strong Financial Growth:
The company showcases robust performance:

Revenue: ₹1,762.71 Cr (FY25) vs. ₹1,462.29 Cr (FY24)

Profit (PAT): ₹379.66 Cr (FY25) vs. ₹298.12 Cr (FY24)

Impressive Margins: EBITDA Margin (40.07%), PAT Margin (21.54%)

High Returns: ROE (35.47%), ROCE (51.40%)

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Business Overview:
TFS operates 397 Travel QSR outlets and lounges across 14 Indian airports (including major hubs like Delhi, Mumbai, Bengaluru) and 3 Malaysian airports. It partners with 117 brands alongside its in-house offerings, catering specifically to travelers.

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Valuation & Use of Funds:

FY25 EPS: ₹27.58 (Basic); NAV: ₹79.62 (Mar 2025)

Proceeds from the fresh issue will strengthen the Tier-I capital base to support future lending and business expansion.

The issue presents exposure to a dominant player in the high-growth airport F&B sector, backed by strong financials and operational metrics (significantly outperforming listed peers on ROE/ROCE). Retail investors have a 35% quota. The price band implies a high P/E relative to current EPS, factoring in growth expectations.

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Disclaimer: The content on PulseNext is for informational purposes only and not investment advice. Stock market investments carry risks, including loss of capital. Always do your own research or consult a financial advisor before investing.