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Travel Food Services partners with SSP Group plc for Rs 2,000 crore IPO

Dec 11, 2024•over 1 year ago

Contract Type

partnership

MumbaiHospitalityTravel

Description

Travel Food Services, a Mumbai-based company, has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its Rs 2,000 crore Initial Public Offering (IPO). The IPO, entirely an offer for sale by Kapur Family Trust, includes reservations for subscriptions by eligible employees. The company's achievement of the highest earnings per share (EPS) in fiscal 2024 and its revenue and profit growth demonstrate its strong performance.

Company Information

Company

Travel Food Services

Location

Mumbai, Maharashtra, India

About

Travel Food Services (TFS) is a Mumbai-based company operating travel quick service restaurants and lounge businesses across airports in India and Malaysia. It was launched in 2009 and is promoted by SSP Group plc and its affiliates, along with the Kapur Family Trust, Varun Kapur, and Karan Kapur.

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