Travel Food Services IPO Day 1: Issue Subscribed 9% so far
Published on 07/07/2025 02:49 PM
Travel Food Services IPO: The initial public offering (IPO) of Travel Food Services, which opened on July 7, received a muted response from investors on the first day of bidding, with the issue subscribed only 9 per cent so far. According to data from the BSE, the IPO received bids for 11,58,482 shares against 1,34,12,842 shares on offer.
As of 2:27 pm Category-wise, the employee segment showed the highest interest, with a 31 per cent subscription — 13,182 shares bid against 42,507 shares reserved, while retail investor portion subscribed 11 per cent, with bids for 7,55,261 shares out of 66,85,168 shares allocated for them.
The non-institutional investors (NIIs or HNIs) segment subscribed only 5 per cent, with 1,34,407 shares bid against 28,65,072 shares available for the category.
Meanwhile, the qualified institutional buyers (QIBs) category have applied bid for 2,55,632 shares or 7 per cent against 38,20,095 shares.
Prior to the IPO launch, the company had raised nearly Rs 600 crore from anchor investors.
(This story will be updated shortly)
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