Travel Food Services shares close lower on market debut, valued at Rs 14,158 crore

Travel Food Services shares close lower

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26 Aug, 2025 12:21

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Airport travel quick service restaurant and lounge operator Travel Food Services shares closed more than 2 percent lower in the debut session on July 14, after the fund raising via IPO last week.

The stock started off the first session at Rs 1,125 on the NSE, up 2.27 percent over the issue price of Rs 1,100. It touched an intraday high of Rs 1,130 and low of Rs 1,066, before finishing the trade at Rs 1,074.80, down 2.29 percent with volume of 49.42 lakh shares.

On the BSE, the stock declined 2.25 percent to close at Rs 1,075.2, with volume of 5.64 lakh shares.

Travel Food Services recorded a market capitalisation of Rs 14,158 crore at close on Monday.

The airport travel quick services restaurant operator has raised Rs 2,000 crore via initial share sale of 1.8 crore shares which was subscribed 2.88 times during July 7-9. The IPO consisted of only an offer-for-sale by promoter Kapur Family Trust.

Hence, the entire IPO proceeds were received by Kapur Family Trust, and the company did not receive any money from the public issue.

The price band for the offer was Rs 1,045 to Rs 1,100 per share.

Travel Food Services reported consolidated profit at Rs 379.7 crore in the year ended March 2025, growing 27.4 percent from Rs 298.1 crore in the previous year. Revenue from operations during the same period increased by 21 percent to Rs 1,687.7 crore, up from Rs 1,396.3 crore.