Travel Food Services’ IPO witnessed a tepid response, subscribed only 27% by the final bidding day. Retail investors subscribed 31%, NIIs 28%, and QIBs 19%. Employee quota saw 80% subscription. The grey market premium indicated a modest listing gain. Ahead of the IPO, the company raised ₹599 crore from anchor investors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets