Travel Food Services plans to raise ₹2,000 crore through an IPO, reducing promoter stake to 86.2%. The company has shown steady revenue and profit growth, with a strong presence in airport QSR and lounge sectors. However, it faces high revenue concentration from top airports and dependence on passenger traffic, making it suitable for high-risk investors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets