Vegorama Punjabi Angithi IPO
Bookbuilding IPO | ₹38.00 Cr | Listing at BSE SME
Closed
IPO Open
Wed, May 20, 2026
IPO Close
Fri, May 22, 2026
Price Band
₹73.00 to ₹77.00
Market Cap (Pre-IPO)
₹127.90 Cr
IPO Details
| IPO Date | May 20, 2026 to May 22, 2026 |
| Listing Date | Tentative: May 27, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹73.00 to ₹77.00 |
| Lot Size | 1600 Shares (Minimum: ₹123,200.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹38.00 Crores |
| Total Shares Offered | 4,984,000 shares |
| Fresh Issue | 3,736,000 shares |
| Offer For Sale | 996,800 shares |
Vegorama Punjabi Angithi IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Vegorama Punjabi Angithi IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹246,400 |
| Retail (Max) | 2 | 3,200 | ₹246,400 |
| S-HNI (Min) | 3 | 4,800 | ₹369,600 |
| S-HNI (Max) | 8 | 12,800 | ₹985,600 |
| B-HNI (Min) | 9 | 14,400 | ₹1,108,800 |
Vegorama Punjabi Angithi Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 24.77 | 18.35 | 5.59 |
| Total Income | 10.21 | 6.64 | 1.69 |
| Profit After Tax | 8.22 | 4.64 | 0.84 |
| EBITDA | 11.62 | 6.47 | 1.18 |
| NET Worth | 14.34 | 6.12 | 1.47 |
| Reserves and Surplus | 14.29 | 6.07 | 1.42 |
| Total Borrowing | 5.05 | 4.00 | 0.23 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 57.34% |
| ROCE (Return on Capital Employed) | 62.23% |
| Debt/Equity | 0.35 |
| RoNW (Return on Net Worth) | 57.34% |
| PAT Margin (Profit After Tax Margin) | 8.11% |
| EBITDA Margin | 11.47% |
| Price to Book Value | 6.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.51 | 4.95 |
| P/E (x) | 11.82 | 15.56 |
| Promoter Holding | 99.40% | - |
Company Promoters
- The company's promoter is Mr. Deepak Chadha.
Company Overview
Vegorama Punjabi Angithi Limited – Company Overview
- Incorporated in March 2022, Vegorama Punjabi Angithi Limited operates a chain of restaurants under the “Punjabi Angithi” brand, specializing in North Indian and Punjabi cuisine in a Quick Service Restaurant (QSR) format.
Core Segments
- Dine-In Restaurants: Punjabi-style vegetarian meals
- Takeaway Services: Quick pickup food orders
- Online Food Delivery: Delivery through platforms like Swiggy and Zomato
- Cloud Kitchens: Delivery-focused kitchens for wider reach
- Catering Services: Corporate events, parties, and bulk food orders
- The company focuses on affordable, value-for-money meals, targeting both urban and semi-urban customers.
- It currently operates 19 cloud kitchens and 2 fine-dining restaurants in Delhi NCR.
- The business follows an asset-light and scalable food delivery model, emphasizing cloud kitchens and centralized operations.
- The company plans expansion through new restaurant formats, centralized kitchens, and banquet/fine-dining services.
- Vegorama aims to strengthen its market presence through quality food, strong delivery networks, and efficient operations.
Company Strengths
- Prominent Location of the Cloud Kitchens/ Fine Dine Restaurant.
- Recognised brand in the food industry.
- Attractive offering at competitive prices based on constant menu innovation and customer focus.
- Experienced staff and value-oriented business culture led by our Management.
- Healthy financial position with proven track record of revenue growth and profitability.
Use of Proceeds
| 1) | Capital Expenditure for construction of banquet and fine dine restaurant | 11.90 |
| 2) | Capital Expenditure for construction of centralized kitchen | 4.20 |
| 3) | Capital Expenditure for roll out new cloud kitchen | 4.67 |
| 4) | Capital Expenditure for upgradation of the existing cloud kitchen facilities | 1.65 |
| 5) | General Corporate Purposes | |
| 6) | Issue Expenses |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Vegorama Punjabi Angithi IPO Peer Comparison
Vegorama Punjabi Angithi peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vegorama Punjabi Angithi | 6.51 | 6.51 | 2,850.34 | - | 57.34 | - | - |
| Speciality Restaurants Ltd. | 4.45 | 4.45 | 68.13 | - | 6.52 | 1.88 | - |
| Vikram Kamats Hospitality Limited | 0.48 | 0.48 | 28.34 | - | 0.01 | 2.29 | - |
Quick Info
| Sector | - |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹127.90 Cr |
Important Dates
| IPO Open | May 20, 2026 |
| IPO Close | May 22, 2026 |
| Allotment Date | May 25, 2026 |
| Credit to Demat | May 26, 2026 |
| Listing Date | Tentative: May 27, 2026 |
Lead Manager(s)
Corporate Makers Capital Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- IPO Type: Book build issue aggregating to ₹38.38 crores.
- Issue Structure: Combination of:
- Fresh Issue: 0.40 crore shares aggregating to ₹30.70 crores
- Offer for Sale (OFS): 0.10 crore shares aggregating to ₹7.68 crores
- IPO Dates: The issue opens on May 20, 2026 and closes on May 22, 2026.
- Allotment Date: Expected to be finalized on May 25, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of May 27, 2026.
- Retail Investment Requirement: Minimum 2 lots (3,200 shares) amounting to approximately ₹2,46,400 (at upper price band).
- HNI Investment Requirement: Minimum 3 lots (4,800 shares) totaling around ₹3,69,600.
- IPO Price Band: ₹73 to ₹77 per equity share.
- Lot Size: 1,600 shares per lot.
This IPO offers investors an opportunity to participate in the restaurant and food service sector, subject to market risks.