- By PTI
- Mon, 14 Jul 2025 01:46 PM (IST)
- Source:JND
Shares of Travel Food Services Ltd (TFS) saw a positive market debut on Monday, listing with a premium of over 2 percent against its issue price of Rs 1,100.
The stock commenced trading at Rs 1,126.20 on the BSE, marking a 2.38 percent increase. On the NSE, it opened at Rs 1,125, up 2.27 percent from its issue price. The company's market valuation reached Rs 14,222.04 crore following the listing.
ALSO READ: Travel Food Services IPO: Subscription Low, GMP Down; Check Price, Lot Size, Review
Travel Food Services' initial public offering (IPO) was subscribed 2.88 times by the close of bidding last Wednesday. The IPO had a price band of Rs 1,045-1,100 per share.
Headquartered in Mumbai, TFS launched its first travel quick-service restaurant (QSR) in 2009. It is promoted by SSP Group plc (SSP) and its affiliates (SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd), along with the Kapur Family Trust, Varun Kapur, and Karan Kapur.
The company's portfolio encompasses a variety of food and beverage (F&B) concepts, including fast food, cafes, bakeries, food courts, and bars, primarily located in airports and select highway locations.
ALSO READ: Ola Electric Q1 Revenue Rises 35.5% To Rs 828 Crore, Driven By Increased Scooter Sales
(Note: This article has not been edited by The Daily Jagran staff. Source: PTI)
