Travel Food Services ipo date, Share Price Target Tomorrow, 2025, 2026, 2030
Travel Food Services is a leading company in India that provides food and lounge services at airports and other travel destinations. It mainly provides quick-service restaurants and airport lounges. It runs many food outlets that offer popular Indian dishes, and well-known international brands like Burger King, KFC, and Jamie Oliver’s Pizzeria. These outlets are set up in busy places like airport terminals and are designed to serve travellers quickly and easily. It also runs airport lounges under the name ARAYA by TFS, which give travellers a comfortable place to relax and enjoy good food, especially those flying business or first class, members of airline programs, or people with certain credit cards.
- 1 What is the Travel Food Services Ltd IPO?
- 2 Travel Food Services IPO Details
- 3 Travel Food Services share price Target Tomorrow
- 4 Travel Food Services share price target 2025
- 5 Travel Food Services share price Target 2026
- 6 Share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 Travel Food Services share price Target 2030
- 10 Share price Target 2040
- 11 Share Price Target 2050
- 12 Should I buy Travel Food Services stock?
- 13 Travel Food Services earnings results (Financials)
- 14 Is Travel Food Services stock good to buy? (bull case & bear case)
- 15 Travel Food Services IPO Promoter Holding
- 16 Objects of the Issue (Travel Food Services IPO Objectives)
- 17 Travel Food Services ipo gmp
- 18 Conclusion
- 19 FAQs
What is the Travel Food Services Ltd IPO?
Travel Food Services was established in 2009, situated in Mumbai. It provides food and other services at airports, railway stations, and highways across India. It runs over 350 food outlets and more than 30 airport lounges in India and a few other countries. It offers well-known international food brands like KFC, Domino’s, and Krispy Kreme, along with its brands such as Curry Kitchen, Cafeccino, Swich, and Noodle Wok. One of its smart ideas is Food@Gate, a service that delivers food directly to passengers at airport gates. It has thousands of employees and continues to grow by making food more convenient, quick, and enjoyable for travellers.
Travel Food Services IPO Details
| IPO Date | July 7, 2025 to July 9, 2025 |
| Listing Date | Share Holding Pre-Issue |
| Face Value | ₹1 per share |
| Price Band | ₹1045 to ₹1100 per share |
| Minimum Investment | ₹14300 |
| Lot Size | 13 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 13,16,79,484 shares |
The company has been growing well over the past three years. Its income, profits, and total value have all gone up. It’s making more money from its main business, and it has saved more money too. Even though it has taken some loans, the amount is small compared to how much the company has improved. Overall, the company is in good financial condition and is growing continuously.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
| Tomorrow | -60 | +178 |
It is a well-known Indian company that provides food and lounge services at airports. It operates quick-service restaurants that offer a variety of food and drinks from different brands and cuisines, designed to meet the needs of travellers and airport partners. The company operates 397 of these restaurants in India and Malaysia, including 117 that are either its brands or operated in partnership. In 2025, its share price target would be ₹1421, as per our analysis.
By our prediction, its share price would be between ₹875 to ₹1421 in 2025.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 875 | 1421 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| July | 990 | 1230 |
| August | 910 | 1287 |
| September | 875 | 1320 |
| October | 884 | 1350 |
| November | 998 | 1385 |
| December | 1258 | 1421 |
The company has been at Delhi Airport for 14 years, Mumbai Airport for 15 years, Bengaluru Airport for 5 years, and Chennai Airport for 11 years. The company’s main strengths are being a top player in airport food and lounge services in India, offering a mix of popular partner brands and its food brands, knowing what travellers like, and focusing on giving a good customer experience. It also has a skilled leadership team. In 2026, its share price target would be ₹1865, as per our prediction.
Its share price would be between ₹1258 to ₹1865 in 2026, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 1258 | 1865 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1258 | 1500 |
| February | 1347 | 1537 |
| March | 1368 | 1558 |
| April | 1380 | 1587 |
| May | 1400 | 1610 |
| June | 1411 | 1627 |
| July | 1425 | 1635 |
| August | 1420 | 1680 |
| September | 1485 | 1700 |
| October | 1514 | 1735 |
| November | 1541 | 1790 |
| December | 1708 | 1865 |
As of now, the company has 37 lounges in India, Malaysia, and Hong Kong. It was running its Travel QSR and Lounge businesses in 14 airports in India, 3 in Malaysia, and 1 in Hong Kong. The company works in 14 airports in India. Out of these, 13 are some of the busiest airports in the country. These 14 airports handled almost three-quarters (74%) of all air travellers in India. Some of the main airports include Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai. In 2027, its share price target would be ₹2274, as per our analysis.
By our prediction, its share price would be between ₹1708 to ₹2274 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 1708 | 2274 |
The company has the largest number of Travel outlets in India, mostly inside airports and some on highways. It also runs the most private airport lounges in the country, spread across several airports. Since opening its first Travel outlet in 2009, the company has learned how to manage the special challenges of working in airports, such as strict security checks, operating 24/7, handling many brands and locations, and dealing with supply and space problems. In 2028, its share price target would be ₹2700, as per our prediction.
Its share price would be between ₹2184 to ₹2700 in 2028, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 2184 | 2700 |
The company has many Travel outlets in airports in India and Malaysia, and some on highways in India. It runs these outlets both on its own and with help from partners. The company offers a mix of international brands, local Indian brands, and its own brands. More than half of its sales come from partner brands, and the rest come from its brands. It works in many airports across three countries and also has several airport lounges. Over time, the number of airports in India has grown, showing better air travel facilities. In 2029, its share price target would be ₹3140, as per our analysis.
By our prediction, its share price would be between ₹2609 to ₹3140 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 2609 | 3140 |
The company has 5,331 full-time employees and 191 part-time or contract workers, including outside staff and consultants. Running travel outlets at airports is not easy because all workers need to pass strict security checks. Airport food operators also have to go through a tough approval process that requires many permissions and a good record of running businesses. They also have to keep making new food and drink choices that fit the busy airport environment, where customers want fast service, and the outlets run all day and night. In 2030, its share price target would be ₹3620, as per our prediction.
Its share price would be between ₹3000 to ₹3620 in 2030, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 3000 | 3620 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3000 | 3225 |
| February | 3085 | 3274 |
| March | 3142 | 3300 |
| April | 3195 | 3357 |
| May | 3242 | 3380 |
| June | 3294 | 3425 |
| July | 3327 | 3452 |
| August | 3359 | 3484 |
| September | 3320 | 3500 |
| October | 3357 | 3524 |
| November | 3400 | 3558 |
| December | 3487 | 3620 |
The company runs the largest network of Travel outlets and airport lounges in India. It offers many different food and drink brands, including international, local, and its brands, along with award-winning lounges for both luxury and budget travellers. The company has a strong history of working well with airport operators and leads by doing a good job, handling challenges, and learning from past experiences to keep getting better. In 2040, its share price target would be ₹5410, as per our analysis.
By our prediction, its share price would be between ₹4785 to ₹5410 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 4785 | 5410 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 4785 | 4900 |
| February | 4835 | 4957 |
| March | 4859 | 4985 |
| April | 4884 | 5041 |
| May | 4900 | 5087 |
| June | 4921 | 5132 |
| July | 4958 | 5174 |
| August | 4990 | 5230 |
| September | 5024 | 5250 |
| October | 5140 | 5368 |
| November | 5247 | 5385 |
| December | 5284 | 5410 |
The company offers many types of food and drink brands, including international, local, and its own brands. It has fast food, cafes, bakeries, restaurants, and bars that give quick and easy service at airports and travel places. The company knows how to serve different travellers with different tastes by using both popular partner brands and its special brands. It works hard to give great food experiences and keeps changing to meet travellers’ needs and new food trends. In 2050, its share price target would be ₹8530, as per our prediction.
Its share price would be between ₹7741 to ₹8530 in 2050, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 7741 | 8530 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 7741 | 7930 |
| February | 7789 | 7970 |
| March | 7810 | 8035 |
| April | 7842 | 8058 |
| May | 7865 | 8074 |
| June | 7880 | 8122 |
| July | 7910 | 8157 |
| August | 7956 | 8185 |
| September | 7975 | 8257 |
| October | 8024 | 8354 |
| November | 8154 | 8384 |
| December | 8268 | 8530 |
Should I buy Travel Food Services stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 875 | 1421 |
| 2026 | 1258 | 1865 |
| 2027 | 1708 | 2274 |
| 2028 | 2184 | 2700 |
| 2029 | 2609 | 3140 |
| 2030 | 3000 | 3620 |
| 2040 | 4785 | 5410 |
| 2050 | 7741 | 8530 |
It is a popular company in India that provides food and lounge services at airports, train stations, and highways. The company has been growing, with more sales and profits, but it still has lower profit margins. Since they serve in many places like airports and railways, they’re likely to keep growing as travel increases. However, the company faces some challenges, like rising competition and food costs, which could affect its profits. But the company has good growth potential.
Travel Food Services earnings results (Financials)
| Mar 2016 | Mar 2021 | Mar 2023 | Mar 2024 | |
| Sales + | 501 | 162 | 1,067 | 1,396 |
| Expenses + | 398 | 198 | 693 | 980 |
| Operating Profit | 103 | -36 | 374 | 417 |
| OPM % | 21% | -22% | 35% | 30% |
| Other Income + | 5 | 20 | 84 | 133 |
| Interest | 10 | 5 | 48 | 52 |
| Depreciation | 22 | 22 | 83 | 111 |
| Profit before tax | 76 | -43 | 327 | 387 |
| Tax % | 33% | 25% | 23% | 23% |
| Net Profit + | 51 | -60 | 251 | 298 |
| EPS in Rs | ||||
| Dividend Payout % | 0% | 0% | 59% | 0% |
Is Travel Food Services stock good to buy? (bull case & bear case)
Bull Case:
- Strong presence in India’s airport and railway food services, holding over 30% of the market in major airports.
- Expected growth in India’s travel market at 7-8% per year from 2023 to 2030.
- Long-term deals with 12 big airports and airlines provide steady income.
- Revenue from many sources, including 50+ railway stations and 25+ highway stops, reduces reliance on one area.
- After COVID, its profit rose 30% in domestic air travel and is expected to keep growing.
Bear Case:
- Rising competition from local and global companies, with 20% more competitors in the last 5 years, is affecting profit.
- Higher costs due to a 6.5% food price increase in 2023, squeezing profits.
- Low profit margins around 2-3%.
Travel Food Services IPO Promoter Holding
SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited and Kapur Family Trust, Varun Kapur and Karan Kapur are the company promoters.
| Shareholding Post Issue | 100% |
| Share Holding Post Issue | — |
Objects of the Issue (Travel Food Services IPO Objectives)
- The company won’t get any money from the Offer. All the money from the Offer will go to the Promoter Selling Shareholder.
Travel Food Services ipo gmp
| Date | IPO GMP | Kostak | Subject to |
| 3 July | ₹94 | ₹- | ₹900 |
| 2 July | ₹- | ₹- | ₹- |
Conclusion
It is a well-known company in India that provides food and lounges at airports, train stations, and highways. They offer both local and international food brands and have over 350 food outlets and 30 lounges in India and other countries. The company is expected to keep growing in the coming years. The company has a solid financial history, but its profit margins are low, and higher costs could be a problem. Overall, it is a good business, but investors should carefully think about both the opportunities and risks before investing.
