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Image Credit: Bloomberg Quint

Travel Food Services IPO Subscribed 2.88 Times On Final Day

  • The Travel Food Services IPO was subscribed 2.88 times on the final day of bidding.
  • The IPO raised nearly Rs 600 crore from anchor investors and has a price band of Rs 1,045-1,100 per share.
  • The IPO is entirely an Offer For Sale (OFS) by the promoter Kapur Family Trust, with no funds going to the company.
  • Travel Food Services operates quick-service restaurants and lounges in airports in India and Malaysia, with a diverse F&B portfolio.

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