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Travel Food Services shares slip below issue price after lackluster market debut 

  • 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%.

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