Overview

• The ₹2,000 crore initial public offering is a pure offer-for-sale by the Kapur Family Trust priced at ₹1,045–₹1,100 per share with employees entitled to a ₹104 discount.
• Anchor investors allocated 54.43 lakh shares at ₹1,100 apiece, raising ₹598.8 crore from 33 funds including ICICI Prudential Mutual Fund and Abu Dhabi Investment Authority.
• A grey market premium of ₹92 indicates a potential listing price near ₹1,192, roughly 8% above the IPO’s upper price band.
• Public subscription opens on July 7 and closes on July 9, with allocations of 50% for QIBs, 35% for retail investors and 15% for non-institutional bidders.
• TFS operates over 425 quick-service outlets and 35 lounges across 14 Indian airports plus Malaysia and Hong Kong and reported ₹1,687.7 crore in revenue and ₹379.7 crore in profit for FY2025.