Travel Food Services IPO: Key Details and Market Impact

  Published 1 year ago

Travel Food Services sets IPO price band at ₹1,045-1,100, aiming to raise $233.49M via a three-day share sale.

  • Valued at $1.69B at upper price band; Kapur Family Trust divests shares, but full stake unclear.
  • 26% market share in India's airport restaurants, operates Wendy's, Subway, and airport lounges.
  • 2025 revenue rose 21% to ₹16.88B; profit jumped 27% to ₹3.8B, outpacing competitor valuations.

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