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 current subscription status of Travel Food Services Limited IPO?

Travel Food Services Limited IPO has received a total subscription of 3.03 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

3.03x

Total Demand

QIB Multiplier

8.10x

Institutions & Funds

NII / HNI

1.67x

High Net-Worth

Retail (RII)

0.73x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 3.03x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	3,629,090	29,398,278	8.10x
NIB	2,721,818	4,536,662	1.67x
HNIs(10L +)	1,814,545	3,328,143	1.83x
HNIs (2-10L)	907,273	1,208,519	1.33x
RETAIL	6,350,909	4,627,506	0.73x
EMPLOYEES	40,382	73,320	1.82x
Total	15,464,017	43,172,428	3.03x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.46x

Category	Applications Reserved	Applications Received	Times Subscribed
RETAIL	488,531	217,410	0.45x
HNIs(10L +)	9,970	2,425	0.24x
HNIs (2-10L)	4,985	5,696	1.14x
Employee	—	3,742	0.00x
Total Applications	503,486	229,273	0.46x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Travel Food Services Limited IPO is ₹25 per equity share. Based on the upper price band of ₹1045 to ₹1100 per equity share, the estimated listing price is ₹1125 (+2.3% expected listing 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, the expected profit per application lot is approx ₹325 (+2.3% gain). Minimum application cost is approx ₹14,300.

What is the issue size and price band for Travel Food Services Limited IPO?

The Travel Food Services Limited IPO aggregate issue size is ₹2,000 Crores with an equity price band set at ₹1045 to ₹1100 per equity share. The retail lot size is 13 shares requiring a minimum capital outlay of approx. ₹14,300.

How can I check Travel Food Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 3.03x (Retail: 0.73x, QIB: 8.10x, NII: 1.67x). You can track live multiples directly on our dedicated subscription page.

Where and when will Travel Food Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-07-10. Investors can verify status using PAN card or application number.

When is the listing date for Travel Food Services Limited IPO?

Travel Food Services Limited shares are scheduled to list on NSE and BSE on 2025-07-14.