India, July 16 -- Travel Food Services Ltd. has announced public offering of 18185614 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 1,099.00 per share. The gross proceeds of the issue are expected to be Rs 2,00,041.75 lakhs.
The company's initial public offer (IPO) will open on 07 July 2025 and is expected to close on 09 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,045.00-1,100.00 per share.
The IPO includes a fresh Issue of 18185614 Equity Shares of the Company at an price of Rs 1,100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 13 shares with bids in multiples of 13.
Travel Food Services Ltd. anticipates using the proceeds of th...