Travel Food Services shares list at 2% premium over IPO price
Shares of Travel Food Services, a leading player in airport-based quick service restaurants (QSRs) and lounges, listed at a premium of 2.38% on BSE on Monday. The stock debuted at Rs 1,126.20 on BSE and Rs 1,125 on NSE, compared to its issue price of Rs 1,100.
The IPO received a moderate response from investors, closing with 3.03x overall subscription. The QIB (Qualified Institutional Buyer) category saw the strongest demand at 8.10x, while retail participation remained muted at just 0.73x. The NII segment was subscribed 1.67x, reflecting cautious optimism among high-net-worth individuals.
Travel Food Services, backed by the UK-based SSP Group, operates 397 QSR outlets and lounges across 14 airports in India and three in Malaysia,…
