Travel Food Services Limited (TFSL) is a leading travel retail and food & beverage (F&B) Service Company in India, with a strong presence across major airports, railway stations, and highways. Headquartered in Mumbai, it operates through 300 outlets, including proprietary brands like Dilli Streat and Idli.com, as well as running leading global and domestic franchises such as KFC, Domino’s, and Starbucks. It has established a dominant position in the Indian travel F&B sector, driven by its operational expertise, strong stakeholder relationships, and consumer-focused offerings. Backed by SSP Group, a global travel food operator, it leverages technology, strategic partnerships, and deep market insight to enhance customer experience and operational efficiency. It is well-positioned to capitalize on India’s growing travel and hospitality sector through continued expansion and brand diversification.

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• Technology-Driven Approach
• Strategic Partnerships.
• Pan-India Travel Hub Presence.
• Technology-Driven Approach.

• Offer for Sale.
• Listing the equity shares on stock exchanges for marketability.
• To provide liquidity and a public market for the equity shares in India.
• To enhance visibility, brand value, and provide liquidity to existing shareholders

The company deals in travel retail and food & beverage services in the metropolitan cities with strong financials. At the upper price of INR 1100, the company is expected to list a P/BV of 18.19 and a P/E of 50.34, which offers it a comfortable valuation, so we recommend to “subscribe” to this IPO for long-term gains.