Travel Food Services IPO GMP Today: ₹32 Grey Market Premium, 3% Return – Full Insider Update!

The IPO market is buzzing again, and this time it’s Travel Food Services Limited making headlines. With its IPO set to open on July 7, 2025, investors are keenly watching the Grey Market Premium (GMP) and other signals to assess its demand ahead of listing.

If you’re tracking the Travel Food Services IPO GMP today, this article will give you complete and up-to-date insights — including price trends, issue details, company background, IPO schedule, and FAQs.

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📌 Travel Food Services IPO GMP Today (Grey Market Premium)

As of July 7, 2025, the Travel Food Services IPO GMP is ₹32 per share. This marks a significant drop from its previous highs.

Here’s the latest day-by-day GMP trend:

This shows the IPO GMP peaked at ₹94 on July 3–5 and fell to ₹32 on the opening day (July 7). Such volatility suggests changes in grey market sentiment, possibly influenced by valuations or broader market factors.

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💡 What is IPO GMP?

GMP (Grey Market Premium) is the unofficial market price at which IPO shares are being traded before listing. A high GMP usually signals strong investor interest, although it’s not a guarantee of post-listing success.

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🎯 Travel Food Services IPO Expected Return

Based on the GMP of ₹32 and the upper price band of ₹1100, the expected listing gain stands around 3% as of today. This is a conservative return compared to earlier expectations when GMP was around ₹94 (indicating 8–9% upside then).

However, GMP can fluctuate until listing, so investors are advised not to rely on it as the sole decision-making factor.

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📝 Travel Food Services IPO Details

The IPO is purely an offer for sale, meaning existing shareholders are offloading their stake. No fresh issue means the company will not receive capital directly.

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📆 Travel Food Services IPO Timeline

Here is the complete IPO schedule for your reference:

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🏢 About Travel Food Services Limited

Founded in 2007, Travel Food Services Limited (TFS) is a leading player in the Indian Travel QSR (Quick Service Restaurant) and Airport Lounge segment. The company operates food and beverage outlets as well as luxury lounges at major Indian and international airports.

🔹 Key Business Segments:

1. Travel QSRs: Offers a variety of Indian and international cuisines through 397 outlets, including:

   • In-house brands

   • Franchise partnerships (both Indian and global)

2. Airport Lounges: Premium lounge spaces for first-class and business passengers, airline loyalty members, and credit card holders.

🔹 Operational Footprint:

• Present in 14 major Indian airports including:

  • Delhi, Mumbai, Hyderabad, Bengaluru, Kolkata, and Chennai

• Also operates in 3 Malaysian airports

• Manages operations across 117 brands (partner + in-house)

This unique niche positions the company to benefit from rising air travel and infrastructure spending in India.

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📊 Strengths of Travel Food Services

• Pan-India Presence at major airports, ensuring strong footfall.

• High-margin business via lounges and premium offerings.

• Experienced management team and strategic partnerships.

• Focused growth in international markets (like Malaysia).

• Diversified brand portfolio, minimizing dependence on one category.

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⚠️ Risks to Consider

• Dependent heavily on airport footfall and airline traffic.

• Rising competition in both QSR and lounge business from global chains.

• Sensitivity to travel disruptions (e.g., pandemics, geopolitical issues).

• Entire IPO is an OFS — no capital infusion into the business.

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📉 Why Did GMP Fall?

The sharp drop in GMP from ₹94 to ₹32 could be due to:

• Valuation concerns at ₹1100 per share.

• No fresh issue (100% OFS) — doesn’t improve company financials.

• Weak market sentiment or poor response from anchor investors.

• Limited retail or institutional buzz pre-IPO.

Still, with a strong brand presence and unique niche, long-term investors may find value if listed near lower band.

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🧾 FAQs on Travel Food Services IPO GMP

Q1: What is Travel Food Services IPO GMP Today?
➡️ As of July 7, 2025, the GMP is ₹32 per share.

Q2: What is the expected return from this IPO?
➡️ Based on the GMP, the expected return is around 3% on listing.

Q3: What is the Kostak rate today?
➡️ Kostak rate is currently not available or not active in the grey market.

Q4: What is Subject to Sauda today?
➡️ It stands at ₹300 per application.

Q5: Is it safe to apply based on GMP alone?
➡️ No. GMP is speculative. Always assess the company’s fundamentals and long-term potential before investing.

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📌 Final Thoughts: Should You Invest?

The Travel Food Services IPO presents a unique opportunity to invest in a niche airport F&B and lounge player. While the current GMP has seen a dip, the company’s strong presence at key airports, diversified offerings, and growing international operations could offer long-term value.

However, with the IPO being a 100% offer for sale and recent GMP volatility, short-term investors should tread cautiously. It’s essential to evaluate fundamentals and not rely solely on grey market trends.

If listing gains are your objective, you may consider watching subscription numbers, anchor investor interest, and GMP movements before applying.

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