Late Friday, the corporate knowledgeable the exchanges that it allotted 54,43,635 fairness shares at Rs. 1,100 per share on Friday, July 4, 2025, to anchor buyers.
A number of the marquee Establishments that participated within the anchor consists of ICICI Prudential Mutual Fund, Abu Dhabi Funding Authority, Axis Mutual Fund, Constancy Funding Belief Rising Asia Fund, Authorities Pension Fund World, Kotak Mutual Fund, Baroda BNP Paribas Mutual Fund, WhiteOak Capital Flexi Fund, Bajaj Allianz Life Insurance coverage Firm, HDFC Life Insurance coverage Firm. Tata AIA Life Insurance coverage, Turnaround Alternatives Fund, IKIGAI Rising Fairness Fund, JM Monetary Mutual Fund, Amundi Funds New Silk Highway, Samsung India Securities Grasp Funding Belief Fairness, Bharti AXA Life Insurance coverage, Helios Flexi Cap Fund, SBI Common Life Insurance coverage Firm, Necta Bloom VCC –Regal Fund, Built-in Core Methods (Asia) Pte. Ltd, Societe Generale – ODI.
Out of the whole allocation of 54,43,635 fairness shares to the anchor buyers, 23,67,527 fairness shares had been allotted to 7 home mutual funds via a complete of 15 schemes, i.e. 43.49% of the whole anchor e book measurement.
Kotak Mahindra Capital Firm Restricted, HSBC Securities and Capital Markets (India) Non-public Restricted, ICICI Securities Restricted and Batlivala & Karani Securities India Non-public Restricted, are the book-running lead managers, and MUFG Intime India Non-public Restricted is the registrar of the problem.
About Journey Meals Providers IPO
The IPO is fully a proposal on the market as much as fairness shares aggregating to Rs 2,000 crore by Kapur Household Belief.
The three-day IPO will shut on Wednesday, July 9, 2025 and the corporate has set the worth band for the provide at Rs 1,045 – Rs 1,100 per fairness share.
The Provide is being made via the book-building course of, whereby no more than 50% of the online provide shall be obtainable for allocation on a proportionate foundation to certified institutional patrons, not lower than 15% of the provide shall be obtainable for allocation to non-institutional buyers, and never lower than 35% of the provide shall be obtainable for allocation to retail particular person bidders.
Journey Meals Providers IPO bid particulars
Traders can bid for no less than 13 fairness shares and in multiples of 13 fairness shares thereafter.
In regards to the firm
Promoted by the UK-based SSP Group plc and the Kapur Household Belief, Journey Meals Providers operates India’s largest community of journey fast service eating places (QSRs) and airport lounges. Out of its 413 shops, 384 are positioned in airports. The corporate has a presence throughout 14 Indian airports, and three abroad—two in Malaysia and one in Hong Kong.
It additionally runs 37 lounges, together with 28 personal airport lounges in India, masking 10 home airports—making it the nation’s largest lounge community.
Journey Meals Providers financials
Financially, the corporate posted a 27.4% rise in revenue to Rs 379.7 crore in FY25, with income up 20.9% year-on-year to Rs 1,687.7 crore.
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Instances)
