Vegorama Punjabi Angithi IPO
Open SmeCurrent GMP
₹9 (+11.69%)
Price Band
₹ 73 – 77
Lot Size
1600
Issue Size
₹38 Cr
Minimum Investment
₹246400 (3200 Shares)
Listing Date
27 May 2026
Subscription
35.23x
About the Company
Vegorama Punjabi Angithi Limited – Company Overview
Incorporated: March 2022
Industry: Food and Beverage (Restaurant & QSR Segment)
Brand: Punjabi Angithi
Vegorama Punjabi Angithi Limited is a rapidly growing company in the food and beverage sector, primarily operating a chain of restaurants under the “Punjabi Angithi” brand. The brand is well-known for offering authentic and affordable North Indian, especially Punjabi-style vegetarian cuisine, served in a Quick Service Restaurant (QSR) format.
The company caters to a broad and diverse customer base through dine-in, takeaway, and online delivery services, emphasizing high-quality, value-for-money meals. Over time, Vegorama Punjabi Angithi has established a strong market presence, particularly in urban and semi-urban regions of Delhi NCR.
Operations and Infrastructure
- Cloud Kitchens: 19 operational cloud kitchens, each ranging from 400 to 870 sq. ft.
- Fine Dining Restaurants: 2 outlets, each approximately 2,397 sq. ft. in size
- Geographical Presence: Concentrated in the Delhi NCR region
The company’s expansion strategy focuses on increasing operational efficiency and market reach through investment in new restaurant formats, centralized kitchens, and cloud kitchen infrastructure.
Key Services Offered
1. Dine-In Services
- Operates quick-service restaurants under the Punjabi Angithi brand.
- Serves a wide variety of North Indian (Punjabi-style) vegetarian dishes.
- Offers a casual dining experience with a focus on taste, hygiene, and affordability.
2. Takeaway Services
- Enables customers to conveniently order and pick up meals from nearby outlets.
- Ensures quick service and consistent food quality for on-the-go dining.
3. Online Food Delivery
- Partners with major food aggregators such as Swiggy and Zomato.
- Operates an in-house delivery network to efficiently serve customers at home.
4. Cloud Kitchen Operations
- Runs delivery-only kitchens to expand reach while minimizing real estate and operational costs.
- Strategically located in high-demand areas to ensure faster delivery and higher order volume.
5. Catering Services
- Offers customized catering solutions for private gatherings, corporate events, parties, and bulk orders.
- Plans to expand into the fine-dining and banquet segments through upcoming capital investments.
Future Growth Plans
Vegorama Punjabi Angithi Limited aims to strengthen its market footprint by:
- Expanding its QSR and cloud kitchen network across multiple cities.
- Investing in technology-driven operations for better delivery and customer engagement.
- Entering the fine-dining and banquet market to diversify revenue streams and brand positioning.
Promoters
- Mr. Deepak Chadha
Promoters Holding
Holding Pre Issue
99.40%
Holding Post Issue
0.00%
Objects of the Issue
The Company Vegorama Punjabi Angithi IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure for construction of banquet and fine dine restaurant
- Capital Expenditure for construction of centralized kitchen
- Capital Expenditure for roll out new cloud kitchens
- Capital Expenditure for upgradation of the existing cloud kitchen facilities
- General Corporate Purposes
- Issue Expenses
Address / Contact Info
Vegorama Punjabi Angithi Ltd.
B-376, Third Floor, Meera Bagh,
Outer Ring Road
Paschim Vihar,
New Delhi, New Delhi, 110063
Phone: +91-11-46112637
Email: compliance@punjabiangithi.in
Website: https://www.punjabiangithi.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 20 May 2026
IPO Close Date
Friday, 22 May 2026
Basis of Allotment
Monday, 25 May 2026
Initiation of Refunds
Tuesday, 26 May 2026
Credit of Shares to Demat
Tuesday, 26 May 2026
Listing Date
Wednesday, 27 May 2026 — NSE & BSE
Important Dates
Open Date
20 May 2026
Close Date
22 May 2026
Basis Of Allotment
25 May 2026
Listing Date
27 May 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 31.81 | 24.77 | 18.35 | 5.59 |
| Revenue | 105.35 | 102.06 | 66.37 | 16.91 |
| Profit After Tax | 9.04 | 8.22 | 4.64 | 0.84 |
| Net Worth | 23.37 | 14.34 | 6.12 | 1.47 |
| Reserve & Surplus | 10.75 | 14.29 | 6.07 | 1.42 |
| Total Borrowings | 3.62 | 5.05 | 4 | 0.23 |
EPS Pre
6.51%
EPS Post
7.25%
P/E Pre
11.82
P/E (Post Issue)
10.61x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 47.93 | 80.39 | 122.32 | 56.72 |
| ROCE % | 53.73 | 76.03 | 101.29 | 68.15 |
| Debt / Equity | 0 | 0 | 0 | 0 |
| RoNW % | 47.93 | 80.39 | 122.32 | 56.72 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 8.6 | 8.11 | 7.04 | 4.95 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 948800 | 28.61 | 0 |
| Non-Institutional | 710400 | 21.42 | 0 |
| BNII | 473600 | 14.28 | 0 |
| SNII | 236800 | 7.14 | 0 |
| Retail Investors | 1657600 | 49.98 | 0 |
| Total | 3316800 | 100 | 0 |
Subscription Status ( Fri, 22 May 26 01:48 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 948800 | 25107200 | 26.46x |
| Non-Institutional | 710400 | 45667200 | 64.28x |
| BNII | 473600 | 36955200 | 78.03x |
| SNII | 236800 | 8712000 | 36.79x |
| Retail Investors | 1657600 | 46064000 | 27.79x |
| Total | 3316800 | 116838400 | 35.23x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Vegorama Punjabi Angithi Ltd | 10 | 0.00 | 6.51 | 6.51 | 80.39 | 2850.38 |
| Speciality Restaurants Ltd | 10 | 23.73 | 4.45 | 4.45 | 6.52 | 68.13 |
| Vikram Kamats Hospitality Ltd | 10 | 85.54 | 0.48 | 0.48 | 0.01 | 28.34 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 246,400.00 |
| Retail (Max) | 2 | 3,200 | 246,400.00 |
| S-HNI (Min) | 3 | 4,800 | 369,600.00 |
| S-HNI (Max) | 8 | 12,800 | 985,600.00 |
| B-HNI (Min) | 9 | 14,400 | 1,108,800.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Corporate Makers Capital Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Vegorama Punjabi Angithi IPO is a Book-building IPO worth ₹38 crores. The price band is ₹73 to 77 per share. The IPO opens on Wed, May 20, 2026 and closes on Fri, May 22, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Vegorama Punjabi Angithi IPO opens on Wed, May 20, 2026 and closes on Fri, May 22, 2026
Vegorama Punjabi Angithi IPO Price Band is ₹73 to 77.
Vegorama Punjabi Angithi IPO lot size is 1600, and the minimum amount required for application is ₹246400.
The minimum investment for Vegorama Punjabi Angithi IPO is approximately ₹246400 based on the upper price band.
To apply for the Vegorama Punjabi Angithi IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, May 22, 2026. After submission, funds are blocked until the basis of allotment of Vegorama Punjabi Angithi IPO is finalised.
Vegorama Punjabi Angithi IPO issue size is ₹38 crores.
Vegorama Punjabi Angithi IPO allotment date is Sat, Jun 27, 2026.
The registrar for Vegorama Punjabi Angithi IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Vegorama Punjabi Angithi IPO through their official website or helpline.
The Vegorama Punjabi Angithi IPO GMP (Grey Market Premium) is ₹9 as of Wed, May 27, 2026. Based on the upper price band of ₹77 per share, the estimated Vegorama Punjabi Angithi IPO listing price is ₹86, indicating a potential listing gain of approximately 31% over the issue price.