SSP Group plc (LSE:SSPG), in collaboration with its Indian partner K Hospitality Corp, has announced the upcoming initial public offering (IPO) of Travel Food Services (TFS) in India. The Red Herring Prospectus has been filed, with the price range set between ₹1,045 and ₹1,100 per share. Ahead of the listing, SSP will increase its ownership in TFS by acquiring an additional 1.01% stake, securing a majority position of 50.01%.
The IPO marks a strategic step in SSP’s efforts to reinforce its presence in the high-growth Indian travel sector. The listing is expected to showcase the long-term value of SSP’s investment in TFS, while supporting the brand’s continued expansion and market leadership in travel food services. The move also aligns with SSP’s broader vision to capitalize on emerging market opportunities and deliver value to shareholders.
SSP Group’s financial position is solid, with recent developments reflecting strong corporate governance and forward-looking strategy. Nonetheless, the company faces headwinds from high leverage and a stretched P/E ratio, suggesting the need for cautious optimism. Technical indicators show a stable performance, though near-term momentum appears limited.
About SSP Group plc
SSP Group is a leading global operator of food and beverage outlets in travel environments. With a workforce of approximately 49,000 across more than 3,000 locations in 38 countries, the company offers a wide portfolio of restaurants, cafés, bars, lounges, and convenience stores in airports, railway stations, and other transit hubs. SSP is known for delivering quality dining experiences tailored to travelers, with a commitment to innovation, value, and sustainability.
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