Travel Food Services Makes Srong Mrket Dbut, Shares List Over 2% Above IPO Price

New Delhi: Shares of Travel Food Services Ltd on Monday listed with a premium of over 2 per cent against the issue price of Rs 1,100.

The stock started trading at Rs 1,126.20, up 2.38 per cent on the BSE.

At the NSE, it listed at Rs 1,125, up 2.27 per cent.

The company's market valuation stood at Rs 14,222.04 crore.

The initial public offer of Travel Food Services Ltd got subscribed 2.88 times on the closing day of bidding on Wednesday last week.

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing

The initial share sale had a price band of Rs 1,045-1,100 per share.

Travel Food Services launched its first travel quick-service restaurant (QSR) outlet 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.

Travel Food Services IPO opens for subscription

Headquartered in Mumbai, Travel Food Services' portfolio features a diverse selection of food and beverage (F&B) concepts, including fast food, cafes, bakeries, food courts and bars, primarily located in airports and some highway locations.

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