Travel Food Services (TFS) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) 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. The offer includes reservations for subscriptions by eligible employees.
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.
Headquartered in Mumbai, Travel Food Services' portfolio features a diverse selection of food and beverage (F&B) concepts tailored for travellers, including fast food, cafes, bakeries, food courts and bars, primarily located in airports and some highway locations to cater to the needs of fast-moving customers.
| Company Name | CMP |
|---|---|
| Westlife Development | 468.90 |
| Restau. Brands Asia | 62.90 |
| Travel Food Services | 1309.10 |
| Coffee Day Enter. | 27.93 |
| United Foodbrands | 313.90 |
| View more.. | |
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