Overview

• Pre-IPO anchor placement raised Rs 599 crore for the Kapur Family Trust through subscription of 54.43 lakh shares at Rs 1,100.
• The public offer ran from July 7 to July 9 and closed with an overall subscription of 2.88 times, led by QIBs at 7.70 times and muted 69% uptake by retail investors.
• Allotment was finalized on July 10 after grey market premiums swung from a high of Rs 92 to near zero before settling at around Rs 40 on July 13.
• The operator runs 397 airport quick-service outlets and lounges across 14 Indian and three Malaysian airports under 117 partner and owned brands.
• As a pure offer-for-sale, the IPO did not infuse new funds into Travel Food Services, with all of the Rs 2,000 crore proceeds going to selling shareholders.