Mumbai-based Travel Food Services, which operates quick service restaurants (QSRs) and lounges in airports, is set to open its Rs 2,000-crore maiden public issue next week, on July 7.
The issue will close on July 9.
The anchor book will be launched on July 4, a day before the offer opens to the public. The IPO share allotment will be finalized by July 10, while trading in Travel Food Services shares will commence on the bourses effective July 14.
The IPO is an entirely offer-for-sale (OFS) by the promoter, Kapur Family Trust, with no fresh issue component. Hence, the entire proceeds from the IPO will go to the selling shareholder, and the company will not receive any funds from the offer.
The price band for the offer has been fixed at Rs 1,045-1,100 per share. Investors can bid for a minimum of 13 equity shares, and in multiples of 13 shares thereafter.
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