Travel Food Services IPO allotment expected on July 10: Steps to check status online, listing date and more

Travel Food Services Ltd, a major operator of quick-service restaurants and airport lounges in India and Malaysia, is scheduled to finalise share allotments for its ₹2,000-crore Initial Public Offering (IPO) on Thursday, July 10.

The mainboard IPO, which was open from July 7 to July 9, witnessed strong demand across investor categories during the three-day subscription period. Travel Food Services IPO was overall subscribed 2.88 times with applications for more than 3.86 crore shares against more than 1.34 lakh shares on offer.

The Qualified Institutional Buyers (QIBs) subscribed their category 7.7 times, while the Non-Institutional Investors (NIIs) booked their quota 1.58 times. The retail investors booked their category 0.69 times.

The IPO price band was set between ₹1,045 and ₹1,100 per share.

The IPO investors are now waiting for the company to finalise the share allotment status, following the end of the subscription period.

How to Check IPO Allotment Status

Investors can check their allotment status through the BSE website or the IPO registrar, MUFG Intime India (formerly Link Intime):

Steps to check IPO allotment status on BSE:

1. Visit the BSE IPO allotment page.

2. Select ‘Equity’ as the issue type.

3. Choose ‘Travel Food Services’ from the dropdown.

4. Enter your PAN or application number.

5. Click ‘Search’ to view the status.

Steps to check share allotment status via issue registrar MUFG Intime India

1. Visit the IPO allotment page on MUFG Intime India.

2. Select ‘Travel Food Services’ from the dropdown list.

3. Enter your PAN, application number, or DP/Client ID.

4. Click ‘Submit’ to check your allotment.

The IPO investors can also check the IPO allotment status via the NSE website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.

Successful applicants will receive shares in their Demat accounts on July 11, while refunds will also be issued to the non-allottees on the same day.

Shares of Travel Food Services Ltd are scheduled to be listed on the BSE and NSE on July 14.

Travel Food Services business and IPO structure

The IPO was entirely an Offer for Sale (OFS) worth ₹2,000 crore by the promoter, Kapur Family Trust. Since it was a complete OFS, the company will not receive any proceeds; all funds will go to the selling shareholder.

Ahead of the IPO, Travel Food Services raised nearly ₹600 crore from anchor investors, including ICICI Prudential MF, Axis MF, Kotak MF, Baroda BNP Paribas MF, Abu Dhabi Investment Authority, Fidelity, and the Government Pension Fund Global.

Travel Food Services is a dominant player in the airport QSR and lounge space in India. As of FY25, it held a 26% market share in airport travel QSRs and 45% in airport lounges (by revenue). Its QSR outlets are primarily located within airports, while its lounge operations span designated airport terminal areas.

As of March 2025, the company operated 442 travel QSRs across India and Malaysia and 37 lounges across India, Malaysia, and Hong Kong.