Travel Food Services, a major operator of quick-service restaurants and lounges in airports across India and Malaysia, has filed draft papers with SEBI for a ₹2,000-crore initial public offering (IPO).
- Offer Details: Entirely an offer-for-sale (OFS) by the Kapur Family Trust, with no proceeds going to the company.
- Presence: Operates 397 outlets and 31 lounges across 14 airports in India, 3 in Malaysia, and recently expanded to Hong Kong.
- Brands: Partners with global names like KFC, Pizza Hut, and Krispy Kreme, alongside Indian brands like Third Wave Coffee and Bikanervala.
- Financials: Revenue grew 31% to ₹1,396.32 crore in FY24; profit rose 18.6% to ₹298 crore.
The equity shares will be listed on NSE and BSE.
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