Travel Food Services IPO opens for subscription; GMP stays mild. Should you subscribe?

Travel Food Services launches its Rs 2,000-crore IPO today. The IPO will remain open until July 9. The company will offer shares at Rs 1,045–Rs 1,100 each. The IPO includes no fresh issue. It is entirely an offer for sale by promoters. SBI Securities and Canara Bank Securities suggest subscribing to the IPO.