The preliminary public providing (IPO) of Journey Meals Providers has obtained 25 per cent subscription on Tuesday, the second day of the bidding course of. In keeping with knowledge from the Bombay Inventory Alternate (BSE), the IPO obtained bids for 33,03,898 shares in opposition to 1,34,12,842 shares.
Class-wise subscription
The retail particular person traders (RIIs) phase was subscribed 28 per cent, whereas the certified institutional consumers (QIBs) portion noticed 18 per cent subscription.
The non-institutional traders (NIIs) class was subscribed 24 per cent. The quota reserved for worker witnessed the best subscription of 73 per cent.
On Monday (July 7), the primary day of bidding course of, IPO subscribed 10 per cent on provide.
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Anchor traders element
Forward of the IPO launch, the corporate raised virtually Rs 600 crore from anchor traders on Friday.
OFS by promoter
The IPO is a pure provide on the market (OFS), valued at Rs 2,000 crore, completely by the Kapur Household Belief, the promoter. It signifies that the corporate won’t obtain any proceeds from the problem, and all funds will go to the promoting shareholder.
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Journey Meals Providers IPO particulars
- Journey Meals Providers IPO Value Band: Rs 1,045 – Rs 1,100 per share
- Journey Meals Providers IPO Closing Date: Wednesday, July 9, 2025
- Journey Meals Providers IPO Allotment Date: Anticipated on Thursday, July 10, 2025
- Journey Meals Providers IPO Tentative Itemizing Date: July 14, 2025 (NSE and BSE)
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Journey Meals Providers IPO: BRLMs, registrar
The guide working lead managers of the problem are Kotak Mahindra Capital, HSBC Securities and Capital Markets India, ICICI Securities, and Batlivala & Karani Securities India, whereas MUFG Intime India (Hyperlink Intime) has appointed as registrar.
All you have to learn about TFS
Based in 2009, Journey Meals Providers operates quick-service eating places and lounges in airports throughout India and Malaysia. It’s promoted by SSP Group plc and its associates, alongside Varun Kapur, Karan Kapur, and the Kapur Household Belief. Mumbai-headquartered firm manages a variety of meals and beverage (F&B) manufacturers, together with quick meals shops, cafes, bakeries, bars, and meals courts, primarily positioned in airport terminals and a few freeway areas.