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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Open

Wed, May 20, 2026

IPO Close

Fri, May 22, 2026

Price Band

₹73 to ₹77

Market Cap (Pre-IPO)

₹127.90 Cr

IPO Details

  • IPO Date
    20 to 22 May, 2026
  • Listing Date
    Wed, May 27, 2026T
  • Face Value
    ₹10 per share
  • Price Band
    ₹73 to ₹77
  • Lot Size
    1,600 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    49,84,000 shares (agg. up to ₹38 Cr)
  • Reserved for Market Maker
    2,51,200 shares (agg. up to ₹2 Cr)
  • Fresh Issue (Ex Market Maker)
    37,36,000 shares (agg. up to ₹29 Cr)
  • Offer for Sale
    9,96,800 shares of ₹10 (agg. up to ₹8 Cr)
  • Net Offered to Public
    47,32,800 shares (agg. up to ₹36 Cr)
  • Share Holding Pre Issue
    1,26,23,794 shares
  • Share Holding Post Issue
    1,66,10,994 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, May 20, 2026
  • Allotment
    Mon, May 25, 2026
  • Credit of Shares
    Tue, May 26, 2026
  • IPO Close
    Fri, May 22, 2026
  • Refund
    Tue, May 26, 2026
  • Listing
    Wed, May 27, 2026

Issue 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

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
Individual investors (Retail) (Min) 2 3,200 ₹2,46,400
Individual investors (Retail) (Max) 2 3,200 ₹2,46,400
S-HNI (Min) 3 4,800 ₹3,69,600
S-HNI (Max) 8 12,800 ₹9,85,600
B-HNI (Min) 9 14,400 ₹11,08,800

IPO Subscription Details

About Vegorama Punjabi Angithi Ltd.

Incorporated in March 2022, Vegorama Punjabi Angithi Limited is a company primarily engaged in the food and beverage industry, operating a chain of restaurants under the “Punjabi Angithi” brand. The brand is known for offering affordable North Indian cuisine, particularly Punjabi-style dishes, in a quick-service restaurant (QSR) format. It caters to a broad customer base through dine-in, takeaway, and delivery services.

The company focuses on providing high-quality, value-for-money meals and has built a strong brand presence, especially in urban and semi-urban areas. With a growing number of outlets, Vegorama Punjabi Angithi aims to scale its operations through capital expenditure on new restaurant formats, centralized kitchens, and cloud kitchens.

The company operates 19 cloud kitchens and two fine-dining restaurants in the Delhi NCR area. The cloud kitchens range from 400 to 870 square feet, while the fine dining restaurant spans about 2,397 square feet.

Here are the key services offered by Vegorama Punjabi Angithi Limited:

Dine-In Services

  • Operates quick-service restaurants (QSRs) under the Punjabi Angithi brand.
  • Offers a wide range of North Indian, mainly Punjabi, vegetarian dishes.

Takeaway Services

  • Provides customers with the option to order food and pick it up from nearby outlets.

Online Food Delivery

  • Partners with third-party food aggregators (like Swiggy, Zomato) and also handles in-house delivery to serve customers at home.

Cloud Kitchen Operations

  • Runs delivery-only kitchens to expand reach without high infrastructure costs.
  • Focuses on servicing high-demand areas with low overhead.

Catering Services

  • Provides food for private and corporate events, parties, and bulk orders.
  • Plans to enter the fine-dining and banquet space through new capital investments.

Competitive Strength:

  • 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.

Company Financials (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 ₹ Crore

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 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

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROE 57.34%
ROCE 62.23%
Debt/Equity 0.35
RoNW 57.34%
PAT Margin 8.11%
EBITDA Margin 11.47%
Price to Book Value 6.78
Check IPO Peer Comparison here.
Pre IPO Post IPO
EPS (₹) 6.51 4.95
P/E (x) 11.82 15.56
Promoter Holding 99.4%
Market Cap ₹127.90 Cr.
The company’s promoter is Mr. Deepak Chadha.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Registrar

Bigshare Services Pvt.Ltd.

IPO Lead Manager(s)

  1. Corporate Makers Capital Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Vegorama Punjabi Angithi Ltd. Address
B-376, Third Floor, Meera Bagh,
Outer Ring Road
Paschim Vihar,
New Delhi, New Delhi, 110063

IPO FAQs

Vegorama Punjabi Angithi IPO is a SME IPO of 49,84,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹73 to ₹77. The minimum order quantity is 1600.

The IPO opens on Wed, May 20, 2026, and closes on Fri, May 22, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in Vegorama Punjabi Angithi IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Vegorama Punjabi Angithi 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 Vegorama Punjabi Angithi IPO opens on Wed, May 20, 2026 and closes on Fri, May 22, 2026.

Vegorama Punjabi Angithi IPO lot size is 1600, and the minimum amount required for application is ₹2,46,400, with 2 lots being the minimum application size.

You can apply in Vegorama Punjabi Angithi 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 finalization of Basis of Allotment for Vegorama Punjabi Angithi IPO will be done on Monday, May 25, 2026, and the allotted shares will be credited to your demat account by Tue, May 26, 2026. Check the Vegorama Punjabi Angithi IPO allotment status.

The Vegorama Punjabi Angithi IPO listing date is not yet announced. The tentative date of listing is Wed, May 27, 2026.

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