Overview

• The allotment for the ₹2,000 crore offer-for-sale IPO was finalized on July 10 and investors can verify their allocations via BSE or MUFG Intime India Private Limited
• The issue saw an overall subscription of 3.03×, driven by 8.10× demand from qualified institutional buyers and 1.67× from non-institutional investors
• Retail investors showed muted interest with just 0.73× subscription, reflecting weaker uptake from small shareholders
• Grey market premiums plunged from ₹92 to zero by the morning of July 10, indicating expectations of no listing gains
• Shares of Travel Food Services are set to debut on the BSE and NSE on July 14 at the ₹1,100 upper price band