Travel Food Services, operating QSRs and lounges at Indian and Malaysian airports, has received SEBI approval for a INR 2,000-crore IPO, which is an offer-for-sale by the Kapur Family Trust. With a presence at 14 Indian and 3 Malaysian airports, the company reported INR 409.86 crore in revenue and INR 59.55 crore in profit for Q1 FY2024. The IPO proceeds will go to the selling shareholder, not the company.
Anamika Chauhan is a Senior Content Writer at TBO Academy. Specializing in B2B content, she works closely with the marketing team to bring out the outlook about the industry in her write-ups. Connect with her on LinkedIn or write to her at anamika.chauhan@tbo.com