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15 Days Price Change

Travel Food Services IPO

Closing In

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WEBSITE Inc. Year: 2007 Industry: Restaurants Listed Page

Profile
Issue Size 1475.41 Cr
Profile
Price Range 1045  to  1100 per share
Profile
Min Investment ₹1100
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are the leading player in the fast-growing Indian airport travel quick service restaurant (“Travel QSR”) and lounge (“Lounge”) sectors based on revenue in Fiscal 2024, according to the CRISIL Report. Our Travel QSR business comprises a range of curated food and beverage (“F&B”) concepts across cuisines, brands and formats, which have been adapted to cater to customers’ demands for speed and convenience within travel environments. We utilise our F&B brand portfolio, comprising 117 partner and in-house brands, in the operation of 397 Travel QSRs across India and Malaysia, as of June 30, 2024. Our Travel QSRs are predominantly situated within airports, with select outlets in highway sites. Our Lounge business comprises designated areas within airport terminals, accessible primarily by first and business class passengers, members of airline loyalty programmes, select credit card and debit card holders and members of other loyalty programmes. Read More

Basic Info

Face Value 1 per share

Price 1045  to  1100 per share

P/E (x) 39.9

Sales( Cr.) 1688

PAT( Cr.) 380

EPS 27.6

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

SSP Group Plc SSP Group Holdings Ltd. SSP Financing Ltd. SSP Asia Pacific Holdings Ltd. Kapur Family Trust Varun Kapur Karan Kapur

Pre Issue Share Holding 100%

Post Issue Share Holding 86.19%

Listing Details:

Listing Price: 1126.2

Listing Gain: 2.33%

Current Price: 1248

Gain On Issue: 1248 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 07, 2025
Closing Date Jul 09, 2025
Allotment Jul 10, 2025
Refund Jul 11, 2025
Delivery of Shares Jul 11, 2025
Listing Date Jul 14, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 13 14,300
Retail (Max) 13 169 185,900
S-HNI (Min) 14 182 200,200
S-HNI (Max) 69 897 986,700
B-HNI (Min) 70 910 1,001,000

Objective of the Issue

Issue

Category Nos Bid Bid (x)
QIB 3820095 29398278 7.7x
NII 2865072 4536662 1.6x
Retail 6685168 4627506 0.7x
EMP 42507 73320 1.7x
Total 13412842 38635766 2.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Travel Food Services Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 501 588 530 597 774 162 390 1067 1396 1688
Other Income 4 7 11 18 15 21 52 36 66 75
Total Income 505 594 541 616 789 183 442 1104 1462 1763
Total Expenditure 398 469 395 484 646 198 306 693 984 1134
Operating Profit 108 125 145 132 143 -15 136 410 478 629
Interest 10 11 3 3 2 5 45 48 52 46
Depreciation 22 27 18 25 21 22 79 83 111 126
Exceptional Income / Expenses 0 6 -7 0 0 -0 0 0 0 0
Profit Before Tax 76 94 116 103 119 -43 17 327 387 504
Provision for Tax 25 30 43 35 35 11 12 76 89 125
Profit After Tax 51 64 73 68 85 -54 5 251 298 380
Adjustments -14 -12 10 19 20 -3 0 -7 -10 -17
Profit After Adjustments 37 52 83 87 104 -57 5 244 288 363
Adjusted Earnings Per Share 3 4 6.3 6.6 7.9 -4.3 0.4 18.5 21.9 27.6

Travel Food Services Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 87 239 323 411 516 463 410 655 874 1053
Minority's Interest 34 33 6 7 18 7 6 10 14 17
Borrowings 51 40 10 13 9 17 34 22 58 0
Other Non-Current Liabilities -2 8 9 10 -1 8 309 250 228 174
Total Current Liabilities 111 87 65 69 144 129 241 343 467 602
Total Liabilities 280 407 412 509 686 625 999 1281 1641 1846
Fixed Assets 115 114 68 70 75 59 408 353 387 372
Other Non-Current Assets 51 76 104 152 202 217 176 300 509 526
Total Current Assets 114 217 240 286 409 348 414 628 745 949
Total Assets 280 407 412 509 686 625 999 1281 1641 1846

Travel Food Services Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 33 37 30 27 23 22 21 42 68
Cash Flow from Operating Activities 70 41 80 57 114 14 77 322 353 515
Cash Flow from Investing Activities -55 -110 -78 -61 -120 -11 -31 -197 -155 -191
Cash Flow from Financing Activities -1 72 -9 2 3 -4 -47 -104 -172 -343
Net Cash Inflow / Outflow 14 4 -7 -3 -3 -1 -1 21 26 -19
Closing Cash & Cash Equivalent 27 37 30 27 23 22 21 42 68 25

Travel Food Services Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.04 3.96 6.33 6.61 7.91 -4.34 0.38 18.52 21.85 27.58
CEPS(Rs) 6.08 6.92 6.95 7.1 8.04 -2.41 6.37 25.4 31.06 38.42
DPS(Rs) 0 0 0 0 0 0 0 0 10.86 8.43
Book NAV/Share(Rs) 7.26 18.16 24.51 31.2 39.22 35.18 31.11 49.78 66.34 80
Core EBITDA Margin(%) 20.63 20.21 25.38 18.96 16.5 -22.2 21.44 35.03 29.52 32.83
EBIT Margin(%) 17.13 17.83 22.57 17.8 15.69 -23.5 15.76 35.14 31.45 32.59
Pre Tax Margin(%) 15.08 16.02 21.96 17.32 15.42 -26.82 4.25 30.66 27.75 29.88
PAT Margin (%) 10.17 10.96 13.8 11.43 10.93 -33.45 1.29 23.55 21.35 22.5
Cash Profit Margin (%) 14.56 15.5 17.27 15.66 13.67 -19.59 21.53 31.34 29.29 29.98
ROA(%) 18.19 18.74 17.86 14.84 14.16 -8.27 0.62 22.04 20.41 21.77
ROE(%) 58.48 39.47 26.02 18.61 18.25 -11.07 1.15 47.18 38.99 39.4
ROCE(%) 58.47 47.86 38.15 27.87 25.18 -7.42 13.1 66.1 54.09 55.26
Receivable days 33.94 34.54 32.83 19.34 23.14 102.78 34.57 27.71 28.62 22.84
Inventory Days 5.85 4.11 3.51 4.05 3.53 15.03 6.45 3.03 2.9 2.22
Payable days 112.79 81.57 59.26 52.62 58.63 314.69 313.94 252.67 290.42 377.93
PER(x) 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.04 0.01 -0.14 -0.06 -0.01 -0.23 -0.15 -0.09 -0.08 -0.01
EV/Core EBITDA(x) 0.19 0.06 -0.52 -0.29 -0.03 2.46 -0.44 -0.24 -0.23 -0.04
Net Sales Growth(%) 0 17.34 -9.86 12.69 29.6 -79.06 140.41 173.9 30.85 20.87
EBIT Growth(%) 0 22.12 14.11 -11.1 14.2 -131.37 261.25 510.52 17.13 25.25
PAT Growth(%) 0 26.38 13.51 -6.6 23.9 -164.07 109.28 4896 18.63 27.35
EPS Growth(%) 0 29.93 60.04 4.49 19.53 -154.92 108.86 4714.35 18.03 26.19
Debt/Equity(x) 0.68 0.22 0.04 0.04 0.04 0.06 0.09 0.05 0.07 0
Current Ratio(x) 1.03 2.49 3.71 4.16 2.85 2.69 1.72 1.83 1.6 1.58
Quick Ratio(x) 1 2.96 3.63 4.04 2.8 2.64 1.69 1.8 1.57 1.56
Interest Cover(x) 8.35 9.86 37.49 36.63 58.11 -7.09 1.37 7.84 8.5 12.03
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 21% 63% 17% 0%
Operating Profit CAGR 32% 67% 34% 0%
PAT CAGR 28% 324% 35% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 39% 42% 23% 28%
ROCE Average 55% 58% 36% 38%

Company Contact Information

Travel Food Services Ltd.

Neeta Arvind Singh

+91 22 4322 4322

cs@travelfoodservices.com

Block - A South Wing, 1st Floor Shiv Sagar Estate Dr. Annie Besant Road Worli

IPO Lead Manager(s)

Travel Food Services Ltd.

Kotak Mahindra Capital Co Ltd

HSBC Securities and Capital Markets (India) Pvt Ltd.

ICICI Securities Ltd

Batlivala & Karani Securities India Pvt Ltd.

Registrar Info

Travel Food Services Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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