Travel Food Services has received SEBI’s approval to launch its ₹2,000 crore IPO.
The deets: Travel Food Services runs quick-service restaurants, lounges, cafés, and bars at airports across India and Malaysia. It is one of India’s largest airport food and beverage (F&B) operators.
The IPO will be entirely an Offer for sale (OFS) and the proceeds will go to the selling shareholders.
An OFS allows existing shareholders to sell their stake to the public, meaning the company doesn’t raise fresh capital.
The company’s portfolio covers 14 airports in India (including Delhi, Mumbai, and Bengaluru) and three airports in Malaysia. It operates a mix of international, regional, and in-house brands like Caféccino, Dilli Streat, and idli.com.
Zoom out: with air passenger traffic expected to reach over 600 million by 2030, airports are becoming major retail and dining hubs.
The airport F&B (food & beverage) segment alone is projected to grow at 18–20% over the next five years, according to industry estimates.
