Travel Food Services shares listed at ₹1,126.20 on BSE and ₹1,125 on NSE, showing premiums of 2.38% and 2.27% respectively, in line with expectations from the grey market.
Post-listing, heavy selling pressure was observed, with sell quantity significantly higher than buy quantity, and the stock fluctuated between a high of ₹1,130 and a low of ₹1,077.
Travel Food Services' IPO, priced at ₹1,045-1,100, saw a subscription of 2.88 times. While institutional buyers were highly interested, retail investors subscribed only 0.69 times.
The company operates in multiple countries and holds significant market shares in the airport travel QSR and lounge segments. In FY25, it reported revenue growth of 20.87% and a profit increase of 27.35%.