The allotment of shares for the initial public offering (IPO) of Travel Food Services Limited is set to be finalised on Thursday, July 10. The public issue closed on July 9 after a three-day bidding window. Investors who applied for shares will now be able to check if they have received any allotment.
The IPO of Travel Food Services was subscribed 3.03 times in total. In the qualified institutional buyers (QIB) category, the issue saw a strong response with 8.10 times subscription. The non-institutional investors (NII) category was subscribed 1.67 times, while the retail portion was subscribed only 0.73 times, showing a weaker response from small investors.
The IPO offered 1,27,42,199 shares and received bids for 3,86,69,878 shares, raising Rs 4,253.68 crore in total. The company had aimed to raise Rs 2,000 crore through the issue, which was entirely an offer for sale (OFS) of 1.82 crore equity shares.
The price band was fixed between Rs 1,045 and Rs 1,100 per share. The minimum application size for retail investors was 13 shares, which translates to a minimum investment of Rs 13,585.
HOW TO CHECK ALLOTMENT STATUS
Investors can check their allotment status either through the BSE website or the registrar’s platform, MUFG Intime India Private Limited (Link Intime India Pvt Ltd). Here is a step-by-step guide to check the allotment:
To check on the BSE website:
Go to the official website of the Bombay Stock Exchange.
Click on the ‘Equity’ option in the IPO allotment section.
Select ‘Travel Food Services Limited’ from the dropdown list.
Enter your application number and PAN details.
Fill in the captcha as shown.
Click on ‘Search’ to view your allotment status.
To check on the Link Intime website:
Visit the Link Intime India Private Ltd website.
Click on the IPO allotment status section.
Select ‘Travel Food Services Limited’ from the dropdown list.
Choose one of the options to search: Application Number, Demat Account Number, or PAN.
Enter the required details and captcha code.
Click on ‘Submit’ to view the allotment result.
GREY MARKET PREMIUM (GMP) FALLS TO ZERO
The grey market premium (GMP), which is an unofficial indicator of expected listing performance, has fallen sharply in recent days. The GMP had started at Rs 92 per share when the IPO opened, but as of the morning of July 10, the premium has dropped to zero.
With the price band at Rs 1,100 per share, the estimated listing price is also Rs 1,100, suggesting there may be no gain or loss for investors based on the last available GMP. The drop in GMP could be due to weak retail interest and general market conditions.
The shares of Travel Food Services are scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, July 14, 2025.
ABOUT THE COMPANY
Founded in 2004 and based in Mumbai, Travel Food Services operates food and beverage outlets across major airports in India. The company runs a mix of in-house and international brands, offering a wide variety of quick-service restaurants, cafs, and lounges to travellers.
Analysts have highlighted the company’s airport-focused business model and strong presence in high-traffic areas. Several brokerage houses gave a ‘subscribe for long term’ rating to the IPO, citing growth potential in India’s expanding aviation sector.
Now that the allotment is due, all eyes will be on the listing next week to see how the stock performs in a choppy market.
– Ends