News for SSP Group plc (SSPG.L)

Travel Food Services operates travel quick-service restaurants and lounge business across airports in India and Malaysia

Travel Food Services' IPO witnessed a tepid response, subscribed only 27% by the final bidding day. Retail investors subscribed 31%, NIIs 28%, and QIBs 19%. Employee quota saw 80% subscription. The grey market premium indicated a modest listing gain. Ahead of the IPO, the company raised ₹599 crore from anchor investors.

The IPO, with a price band of Rs 1,045-1,100 per share, will conclude on Wednesday

Travel Food Services IPO: Exchange data shows the IPO attracted bids for 18.33 lakh shares, compared to 1.34 crore shares available. The retail investor segment was subscribed at 18%, while Qualified Institutional Buyers (QIBs) subscribed 7% and Non-Institutional Investors (NIIs) 11%.

The initial public offer of Travel Food Services Ltd got subscribed 10 per cent on the first day of bidding on Monday.

On its debut, Travel Food Services' IPO garnered a modest 2% subscription, with retail investors showing slightly more interest at 3%. Non-institutional investors accounted for 1% of the uptake, while participation from Qualified Institutional Buyers is still awaited. Previously, the company secured Rs 599 crore from anchor investors.

The IPO, with a price band of Rs 1,045 to Rs 1,100 per share, will open on for public subscription on July 7 and conclude on July 9

Travel Food Services will launch its IPO on July 7. The IPO closes on July 9, 2025. The company aims to raise Rs 2,000 crore through an offer for sale. Anchor investors have already invested Rs 599 crore. The price band is set at Rs 1,045 to Rs 1,100 per share.

Travel Food Services (TFS) IPO offers a unique play in India's QSR space with growth potential, suitable for high-risk investors.

Travel Food Services raised Rs 599 crore from anchor investors ahead of its IPO opening on July 7. The allocation saw participation from major mutual funds, insurance firms, and global investors, reflecting strong pre-listing confidence in the company.

Travel Food Services, which operates quick-service restaurants and lounge business across airports in India and Malaysia, on Wednesday.

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