TFS has a presence in 14 airports in India, three airports in Malaysia, and one airport in Hong Kong
MUMBAI, July 9 (The CONNECT)- The Initial Public Offering of Travel Food Services Limited was subscribed 2.88 times today, the final day of bidding.
The issue received bids of 3,86,35,012 shares against the offered 1,34,12,842 equity shares, at a price band of ₹1,045-1,100, according to the data available on the stock exchanges.
Qualified Institutional Buyer Portion subscribed 7.7 times, Non-Institutional Investors Portion and Retail Portion were subscribed 1.27 times and 0.69 times respectively, whereas Employee reserved portion was subscribed 1.72 times
Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited and Batlivala & Karani Securities India Private Limited, are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
Alao read: IPO Target Rs2K Cr, Travel Food Services Raises Rs 599 Cr From Anchors
TFS has a presence in 14 airports in India, three airports in Malaysia, and one airport in Hong Kong as of March 31, 2025. Out of the 14 airports in India, 13 of them were among the 15 largest airports in the country including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai.
