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Image Credit: Bloomberg Quint

Travel Food Services IPO Subscribed 5% On Day 1 So Far — Check GMP

  • Travel Food Services IPO, an offer for sale worth up to Rs 2,000 crore, is open for subscription from July 7 to July 9 at a price band of Rs 1,045 to Rs 1,100 per share.
  • Investors can bid for a minimum of 13 shares, and then in multiples thereof; the IPO has no fresh issue component.
  • As of day one, the IPO has been subscribed 5%, with the grey market premium at Rs 30 indicating a potential listing at a premium.
  • The book-running lead managers include Kotak Mahindra Capital, HSBC Securities, ICICI Securities, and Batlivala & Karani Securities; tentative listing date is July 14.

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