IPO Details
Bidding Dates
07 Jul 25 - 09 Jul 25
Lot Size
13
Price Range ₹
1045 - 1100
Exchange Status
NSE,BSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
07 Jul 2025
Offer end
09 Jul 2025
Allotment
10 Jul 2025
Refund initiation
11 Jul 2025
Demat transfer
11 Jul 2025
Listing
--
Offer start
07 Jul 2025
Offer end
09 Jul 2025
Allotment
10 Jul 2025
Refund initiation
11 Jul 2025
Demat transfer
11 Jul 2025
About Company
Travel Food Services Limited, incorporated in 2007, is a leading Indian operator in the airport-based travel quick service restaurant (Travel QSR) and lounge segments. The company manages 397 Travel QSRs and 24 lounges across 14 airports in India and 3 in Malaysia, offering food and beverage services through a mix of 117 in-house and licensed brands, including KFC, Pizza Hut, Subway, and Bikanervala. It caters to travelers via curated multi-cuisine options and premium lounges for airline, loyalty, and card program members. With over a decade of presence in major airports like Delhi, Mumbai, and Chennai, the company leverages its deep industry experience, tech-driven service innovations, and strong partnerships with brands and airport authorities. It holds a 24 percent market share in Travel QSRs and 45 percent in airport lounges in India as of FY24. Backed by consistent revenue and profit growth, Travel Food Services is well-positioned to benefit from the ongoing expansion of India's air travel and airport infrastructure.
Year Founded
20-11-2007
Promotor Details
Ashwani Kumar Puri
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 131679484 | 0 |
Project Details
- None - Nonecr
Highlights
- Operates the largest airport Travel QSR and lounge network in India, with a strong market share of 24% in QSRs and 45% in lounges as of FY24.
- Diverse portfolio of 117 partner and in-house brands, including global names like KFC, Subway, and Krispy Kreme, along with regional Indian brands.
- Long-term relationships with major airport operators, ensuring stable operations across key airports like Delhi, Mumbai, and Chennai.
- Strong revenue and profit growth, with PAT rising 27% and revenue up 21% in FY25 over FY24.
- Focus on tech-driven innovations such as self-order kiosks, in-airport delivery, and personalised lounge experiences enhances customer satisfaction.
Challenges
- High dependence on major airports — over 85% of revenue comes from top 5 airports, making the business vulnerable to passenger traffic fluctuations.
- Significant reliance on partner brands for revenue — over 50% of QSR income depends on franchise relationships that may not be renewed.
- Lounge revenues heavily tied to partnerships with airlines and financial institutions, making contract renewals crucial to financial stability.
- Involvement in ongoing legal proceedings and past compliance lapses with the Companies Act may pose reputational or operational risks.
- Seasonal business model with sales peaks during holidays and weekends, which could impact consistency in revenue and resource planning.
