Shares of Travel Food Services, the operator of quick-service restaurants and airport lounges in India and Malaysia, debuted with modest gains on Monday. The stock listed at ₹1,126.20 on the BSE, a premium of 2.3% over its initial public offering (IPO) issue price of ₹1,100. On the NSE, it started trading at ₹1,125, up 2.27% over the issue price.
Post listing, Travel Food Services shares gained as much as 2.56% to hit a high of ₹1,128.90 on the BSE, while it dropped as much as 4.6% from day’s high level to slip to a low of ₹1,076.60. At the time of reporting, the stock was trading at ₹1,084.05, down 1.45% over IPO price, with a market capitalisation of ₹14,274 crore.
