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  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹2 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹150 Cr)
  • Offer for Sale
    2,79,29,760 shares of ₹2 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    10,93,81,650 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Fri, Oct 16, 2026

Issue Reservation

Investor Category Shares
QIB Not less than 75% of the Net Offer
Retail Not more than 10% of the Net Offer
NII Not less than 15% of the Net Offer

About Hunger Pangs Ltd.

Incorporated on October 9, 2013, Hunger Pangs Limited owns and operates “Burma Burma Restaurant & Tea Room,” a specialty Burmese casual dining restaurant chain in India. Founded in 2013 and commencing operations in 2014, the Company offers an immersive dining experience inspired by the culinary heritage, culture and traditions of Burma. The Company operates in the premium Pan-Asian casual dining segment, offering Burmese cuisine, beverages and a distinctive restaurant ambience. Its concept combines authentic Burmese food with traditional tea culture, culturally inspired interiors and hospitality. The Company also operates Burma Burma Shop, a direct-to-consumer platform offering packaged food products, including teas, snacks and ice cream.

As of July 31, 2026, the Company operated 22 restaurants across nine cities in India and one delivery kitchen in Mumbai. All restaurants follow a company-owned and company-operated (“COCO”) model, enabling the Company to maintain control over food quality, procurement, service standards and customer experience. Its business is primarily driven by dine-in services, complemented by delivery through platforms such as Zomato and Swiggy.

The Company’s revenue from operations increased from ₹719.15 million in Fiscal 2024 to ₹1,554.97 million in Fiscal 2026, registering a CAGR of 47.05%.

As of June 30, 2026, the Company had a total workforce of 1,715, comprising 1,574 full-time employees and 141 contractual or third-party staff across culinary, front-of-house, management, supply chain and support functions.

Competitive Strengths

  • Distinctive Brand Identity: India’s largest specialty Burmese restaurant chain with an immersive, culture-led dining experience.
  • Standardized Operations: Consistent recipe execution, food quality and efficient food cost management.
  • National Presence: 22 operational restaurants across nine Indian cities, covering all four geographic zones.
  • Company-Owned Model: COCO operations enable control over quality, service standards and customer experience.
  • Strong Brand Affinity: Signature offerings and consistent customer satisfaction support customer engagement.
  • Strong Revenue Growth: Revenue from operations grew at a CAGR of 47.05% between Fiscal 2024 and Fiscal 2026.

Company Financials (Restated)

Hunger Pangs Ltd.’s revenue increased by 47% and profit after tax (PAT) dropped by 2944% between the financial year ending with March 31, 2026 and March 31, 2025.(Amount in ₹ Crore)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 158.36 161.91 110.61 67.13
Total Income 54.35 156.96 106.56 72.18
Profit After Tax 1.09 -15.37 -0.51 -5.69
EBITDA 11.43 25.68 21.35 9.86
Reserves and Surplus 63.90 62.81 41.49 0.92
Total Borrowing 0.13 0.01 0.09 12.29

Recently Listed IPOs in Restaurants

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Pind Hospitality Ltd. SME ₹17.81 Cr ₹99 18.3 ₹75.24 -24.00% ₹51.62
Vegorama Punjabi Angithi Ltd. SME ₹38.38 Cr ₹77 11.82 ₹124.00 +61.04% ₹236.80

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Expenditure towards setting up of New Burma Burma Restaurants by the Company, in India
    117.29
  • 2 General corporate purposes
  • Total
    117.29

IPO Stock Quote & Charts

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 0.02% -0.29%
ROCE 0.60% -21.43%
Debt/Equity 1.13 1.18
RoNW 1.67% -24.00%
PAT Margin 2.00% -9.79%
EBITDA Margin 21.28% 16.51%
NAV 5.94 5.86

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) -1.41

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 70.5%
Public 29.50%
Total 100%

Company Promoters: Ankit Virendra Gupta and Chirag Narendra Chhajer.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
Ankit Virendra Gupta Promoter 60,00,000
Chirag Narendra Chhajer Promoter 60,00,000
Bbigplas Poly Private Ltd. Promoter 42,00,000
Negen Tech Opportunities Angel Fund (represented by its investment manager, Negen Capital Services Private Ltd.) Corporate 64,68,315
Venture Catalysts Angel Growth Fund (represented by its investment manager, Venture Catalysts Angel Growth Fund Manager LLP) Corporate 27,72,00

IPO Registrar

MUFG Intime India Pvt.Ltd.

IPO Lead Manager(s)

  1. Pantomath Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Hunger Pangs Ltd. Address
Unit No. 3 SW, 3rd Floor, The Ruby, 29
Senapati Bapat Marg, Dadar West
Shivaji Park
Mumbai, Maharashtra, 400028
  • +91 22448 07704
  • investorrelations@hungerpangs.com
  • Visit Website

IPO FAQs

Hunger Pangs IPO is a main-board IPO of equity shares of the face value of ₹2. The price band and the minimum order quantity are yet to be announced.

The Hunger Pangs IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Hunger Pangs IPO using UPI as a payment gateway. Angel One customers can apply in Hunger Pangs IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Hunger Pangs IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Hunger Pangs IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Hunger Pangs IPO dates are not announced. Please check back again after some time.

Hunger Pangs IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Hunger Pangs IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The Hunger Pangs IPO allotment date is not yet announced. Please check back after the IPO dates are announced.

The Hunger Pangs IPO listing date is not yet announced.

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