Travel Food Services opens Rs 2,000 crore IPO, seeing strong interest from anchor investors.

Today, Travel Food Services (TFS), an airport food and lounge operator, opened its Rs 2,000 crore IPO, priced between Rs 1,045 and Rs 1,100 per share. The IPO, entirely an offer for sale, will close on July 9. TFS raised Rs 598.80 crore from anchor investors. The company, with a dominant 26% market share in Indian airport quick-service restaurants and 45% in lounges, operates across 14 Indian cities, Malaysia, and Hong Kong. TFS saw a 27.4% increase in profit to Rs 379.7 crore in FY25, and a 20.9% revenue growth to Rs 1,687.7 crore. Brokerage firms recommend a 'subscribe' rating for the IPO, citing the company's strong growth potential in India's expanding aviation sector.