Journey Meals Companies IPO: Airport Journey Fast-Service Restaurant (Journey QSR) and Lounge Phase Firm Journey Meals Companies Restricted (TFS) public concern goes to open on July 7. Earlier, the corporate has raised Rs 600 crore from anchor buyers. Within the anchor guide, ICICI Prudential Mutual Fund (MF), Axis MF, Kotak MF, Baroda BNP Pariba MF, Abu Dhabi Funding Authority, Constancy and Authorities Pension Fund International participated. In response to the round uploaded on the web site of BSE, Journey Meals Companies has been uploaded on BSE’s web site 54,43,635 fairness shares have been allotted. Thus the entire measurement of the transaction was Rs 598.8 crore. Kotak Mahindra Capital Firm, E-book Working Lead Supervisor for IPO. On the similar time, MUFG Inteime is India Non-public Restricted Registrar. How a lot is the value band associated information for IPO is the value band for Journey Meals Companies IPO is Rs 1045-1100 per share and lot measurement is 13 share. The scale of the IPO is Rs 2,000 crore. On this, solely the supply of 1.82 crore shares from the prevailing shareholders will probably be on the market. Subsequently, the complete cash of the IPO will go to the share gross sales. The corporate won’t get something. Closing will probably be on 9 July. After this, the allotment will probably be finalized on July 10 and the itemizing of shares is anticipated to be on BSE, July 14. Promoters of Journey Meals Companies embody SSP Group PLC, SSP Group Holdings, SSP Financing Restricted, SSP Asia Pacific Holdings Restricted, Varun Kapoor and Karan Kapoor Kapoor and Karan Kapoor Kapoor and Karan Kapoor. The Kapoor Household Belief does enterprise beneath the Okay Hospitality model. The belief at the moment holds a 51% stake within the firm. The remaining 49% stake is with SSP Asia Pacific Holdings. Brigade Lodge Ventures have raised ₹ 126 crore earlier than IPO, the form of public concern is large. Journey Meals Companies has an enormous -focus of businesstravel meals providers. Meals, cafe, meals and bakery within the portfolio of the companies of Meals Companies. These are primarily positioned at airports and a few freeway places. TFS journey QSR enterprise is unfold over a diversified vary of passengers pace and convene convene necessities. By June 30, 2024, the corporate was working 397 Journey QSR outlet. These embody 335 retailers at 14 airports in India, 30 at 3 Malaysian airports and 32 on 8 freeway places in India. Of those, 340 retailers handle TFS and its subsidiaries, whereas 57 are operated by collaborative and three way partnership. Within the crusing section, TFS operates premium area contained in the airport terminals, which is the primary and business-class passengers, loyalty packages and chosen credit score or debit playing cards. By June 30, 2024, the corporate was managing 31 lounges in India and Malaysia. An extra lounge was opened in Hong Kong in July 2024. Radhakishan Damani will get a jackpot of ₹ 9300 crore from the IPO of NSE? Bought 3.91 million, what hints from the grey market on sharelisting are traded from Rs 1100 to Rs 92 or 8.36% of the higher worth bands of IPO within the shares of Journey Meals Companies. The grey market is an unauthorized market the place shares of an organization trades it until its itemizing. In FY 2024-25, the corporate’s income elevated by 21 p.c to Rs 1,762.71 crore. A 12 months in the past it was Rs 1,462.40 crore. The web revenue elevated by 27 p.c to Rs 379.66 crore, which was Rs 298.12 crore in FY 2024. Disclaimer: Right here data supplied is being given right here just for data. It’s needed to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of specialists earlier than investing cash as an investor. There may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
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