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Bloomberg Quint

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Image Credit: Bloomberg Quint

Travel Food Services Raises Rs 599 Crore From Anchor Investors Prior To IPO Launch

  • Travel Food Services raised Rs 599 crore from anchor investors ahead of its IPO launch, with 33 investors receiving allotments.
  • The company plans to raise up to Rs 2,000 crore through an initial public offering, offering equity shares through a pure Offer for Sale.
  • The company's business spans 14 airports in India and three in Malaysia, with major operations in top airports like Delhi, Mumbai, and Bengaluru.
  • Lead book running managers for the issue include Kotak Mahindra Capital, HSBC Securities, ICICI Securities, and Batlivala & Karani Securities.

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