Travel Food Services Ltd. is set to launch an IPO to raise Rs 2,000 crore from the primary market for its airport QSR and lounge business.
The Grey Market Premium (GMP) for the Travel Food Services IPO is Rs 92, indicating a potential listing price of Rs 1,192 per share at an 8.36% premium on the upper price band.
Key details of the IPO include a price band of Rs 1,045 to Rs 1,100 per share, with the subscription window open from July 7 to July 9 and share allotment planned for July 10.
With shares expected to be listed on BSE and NSE on July 14, retail investors can bid for a single lot size of 13 shares, requiring an investment of Rs 13,585.