2025-04-30 06:07:45 pm | Source: Accord Fintech
Travel Food Services gets SEBI's nod for Rs 2,000 crore IPO
Travel Food Services has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 2,000 crore through an initial public offering (IPO). The proposed IPO is entirely an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter Kapur Family Trust.
Kotak Mahindra Capital Company, HSBC Securities and Capital Markets (India), ICICI Securities, and Batlivala & Karani Securities India are the book-running lead managers to the issue. The equity shares are proposed to be listed on the NSE and BSE.
Travel Food Services boasts a diverse portfolio of partner brands, comprising both international and regional Indian brands, alongside its in-house brands.
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