Business
Filing of Prospectus and Pricing of TFS IPO
Filing of Prospectus and Pricing of TFS IPO.
About this update from Ssp Group Plc
[{"type":"text","content":"\n\n\n LEI:213800QGNIWTXFMENJ24\n \n10 July 2025\n \nPROPOSED Initial Public OfferING IN INDIA of Travel Food Services Limited\nFILING OF PROSPECTUS AND PRICING OF IPO\nSSP Group plc (\"SSP\"), a leading operator of restaurants, bars, cafes and other food and beverage outlets in travel locations across 38 countries, in conjunction with K Hospitality Corp, SSP's joint venture partner in India, provides a further update on the proposed initial public offering (\"IPO\") in India of Travel Food Services (\"TFS\").\nFurther to SSP's announcement dated 7 July 2025 regarding the opening of the TFS IPO for public bidding, SSP is pleased to announce the pricing of equity shares of TFS in its IPO at 1,100 Indian Rupees per share, at the top end of its previously announced range. The offer price indicates an expected market capitalisation on listing of 144.8 billion Indian Rupees (£1.24 billion at the spot rate of 116.50 Indian Rupees to 1 GBP).\nTFS has today filed its Prospectus in relation to the IPO with the Indian authorities. The Prospectus will be available on the website of the Indian authorities including the Indian Stock Exchanges and SEBI at www.nseindia.com, www.bseindia.com and www.sebi.gov.in. The Prospectus will also be published on TFS' website at www.travelfoodservices.com/investors. \nThe commencement of listing and trading of TFS shares continues to be planned for Monday 14 July 2025.\nCONTACTS\nInvestor and analyst enquiries\nSarah John, Corporate Affairs Director, SSP Group plc\nSarah Roff, Group Head of Investor Relations, SSP Group plc\n+44 (0) 7736 089218 / +44 (0) 7980 636214\nE-mail: [email protected] / [email protected]\n \nMedia enquiries\nRob Greening / Russ Lynch\nSodali & Co\n+44 (0) 207 250 1446\nE-mail: [email protected]\n \n \n \n \n \n \n \n \n \nNOTES TO EDITORS\n \nAbout SSP\nSSP Group plc (LSE:SSPG) is a global leading operator of food and beverage outlets in travel locations employing around 49,000 colleagues in over 3,000 units across 38 countries. We specialise in designing, creating and operating a diverse range of food and drink outlets in airports, train stations and other travel hubs across six formats: sit-down and quick service restaurants, bars, cafés, lounges, and food-led convenience stores. Our e...