Travel food Services files draft papers with SEBI for ₹2,000 crore IPO
Live MintTravel food Services Limited has filed its draft red herring prospectus with the capital market regulator, Securities and Exchange Board of India, for an initial public offering. Based in Mumbai, the company dominates the swiftly growing Indian airport Travel QSR and Lounge markets, achieving the highest revenue for Fiscal 2024, as stated in the CRISIL Report. In fiscal 2024, Travel Food Service recorded the highest earnings per share among its listed industry competitors, including Jubilant FoodWorks, Devyani International, Sapphire Foods India, Westlife Foodworld, and Restaurant Brands Asia. Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets Private Limited, ICICI Securities Limited, and Batlivala & Karani Securities India Private Limited serve as the book-running lead managers, while Link Intime India Private Limited is appointed as the registrar for the issue.