What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Travel Food Services Limited IPO?

Based on the upper price band of ₹1100 and current GMP of ₹25, the estimated listing price is ₹1125 (approx. 2.3% gain).

What is the expected profit per lot for Travel Food Services Limited IPO?

With a lot size of 13 shares and current GMP of ₹25, expected profit per retail application lot is approximately ₹325.

IPO GreyPremiumLIVE

Grey Market Intelligence

Travel Food Services Limited

ListedMainboard

Consumer Services · NSE / BSE

Travel Food Services Limited, established in 2007, is an Indian company that operates quick-service restaurants and lounges at airports. As of June 30, 2024, it runs 397 travel-focused restaurants across India and Malaysia, featuring a mix of 117 in-house and partner food and beverage brands. These restaurants offer a variety of cuisines and formats designed to meet the fast-paced needs of travelers. The company also manages airport lounges, which are primarily used by first and business-class passengers, airline loyalty members, and select credit and debit cardholders. These lounges provide a comfortable space for travelers within airport terminals. Travel Food Services operates in 14 airports in India and 3 in Malaysia, including major airports like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai. By June 2024, it had maintained a presence at the Delhi airport for 14 years, Mumbai for 15 years, Bengaluru for 5 years, and Chennai for 11 years.

Price Band

₹1045 – ₹1100

Issue Size

₹2000 Cr

Lot Size

13 shares

GMP

₹25

+2.3%

Est. Listing

₹1125

at current GMP

Subscribed

3.03x

overall

Open

7 Jul 2025

9 Jul 2025

Allotment

10 Jul 2025

Refund

11 Jul 2025

Demat Credit

12 Jul 2025

Listing

14 Jul 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Travel Food Services Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹25+2.3%

Issue Price (Upper)

₹1100

Band: ₹1045 – ₹1100

Estimated Listing Price

₹1125

Upper price + GMP

Lot Size

13 shares

Min investment ₹14,300

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹25	2.3%	₹1125
30 Oct 2026	+₹25	2.3%	₹1125
29 Oct 2026	+₹23	2.0%	₹1123

About Travel Food Services Limited Public Issue & Market Profile

Travel Food Services Limited is bringing an initial public offering (IPO) in the Consumer Services sector with an aggregate issue size of ₹2,000 Crores. The shares are offered at a price band of ₹1045 to ₹1100 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 13 shares (approx. ₹14,300 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-07-12, while un-allotted funds or UPI block mandates will be released on 2025-07-11.

Frequently Asked Questions

What is Travel Food Services Limited IPO GMP today?

The latest grey market premium for Travel Food Services Limited IPO is ₹25, which indicates an expected listing price of ₹1125.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.