Travel Food Services IPO, scheduled for July 14, had a Grey Market Premium (GMP) of Rs 25, indicating a potential listing day gain of 2.27%.
The IPO received a decent response from investors, with QIBs subscribing 7.70 times, NIIs at 1.58 times, and retail investors at 69%.
The GMP for Travel Food Services IPO is +25, suggesting a premium of Rs 25 in the grey market. The estimated listing price was Rs 1,125 apiece.
Travel Food Services IPO price band was set at Rs 1,045 to Rs 1,100 per equity share, with the IPO consisting solely of an offer for sale worth up to Rs 2,000 crore by the Kapur Family Trust.