Muted Debut! Travel Food Services shares list at ₹1,125 on NSE, up just 2.27% from IPO price
Travel Food Services IPO listing: Shares of Travel Food Services made a muted debut on the bourses on Monday, July 14, listing at ₹1,125 on NSE, a premium of just 2.27 percent from its IPO price of ₹1100. Meanwhile, on BSE, it listed at ₹1,126.20, up 2.38 percent from issue price.
The initial public offering (IPO), with a total issue size of ₹2000 crore, was open for bidding from July 7 to July 9. The offering received a decent overall response from investors, closing with a subscription of 3.03 times.
During the three-day subscription window, the IPO garnered bids for 3.86 crore shares against the 1.27 crore shares available. The retail investor category was subscribed 0.73 times while the non-institutional investor (NII)…