Kapur Family Trust to sell ₹2,000 crore stake via Travel Food IPO

The IPO is a complete offer-for-sale issue. The price band is set in the range of Rs 1,045 to Rs 1,100 per equity share with a face value of Re 1 each. The IPO will open on July 7 and close on July 9.

By Connect Gujarat Desk 02 Jul 2025 in Business

New Update

Kapur Family Trust to sell ₹2,000 crore stake via Travel Food IPO

Kapur Family Trust, a part of K Hospitality Corp and one of the promoters of Travel Food Services—the operator of airport travel QSRs (quick service restaurants) and lounges network in India—will partially sell its stake in the company, aggregating up to Rs 2,000 crore through the initial public offering (IPO).

After the IPO, the two major promoters—the Kapur Family Trust and SSP Group—will see a change in their shareholding.

Both promoters together will hold 85 to 86 per cent of the company, Kapur added.

The Kapur Family Trust will retain about 36 per cent, while the SSP Group will increase its stake by 1.01 per cent to 50.01 per cent post-listing.

In the travel QSR segment, the company operates 127 brands, including 37 in-house brands such as idli.com and Noodle Wok.

It also runs franchise outlets of 32 international brands like Pizza Hut, KFC and Subway, and 58 regional brands including Madras Cafe House, Third Wave Coffee and Wow Momo.

In the lounge segment, the company was present at 14 airports in India and four international locations—across Malaysia and Hong Kong—as of March 2025.

He also noted a rise in demand from both business and leisure travellers for lounge services in India.

Focused on the travel segment, the company further plans to expand its presence on highways.

Kapur emphasised that the expansion and modernisation of national highways in India is a huge opportunity, as Indian travellers are increasingly adapting to the Western culture of long road travel.

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