- Issue price
- ₹77per share
- Issue size
- ₹38.38 Cr49,84,000 shares
- Face value
- ₹10per equity share
- Lot size
- 3,200 sharesMin. ₹2.46 L at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentMon, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 39,87,200 shares (₹30.7 Cr)
- Offer for sale
- 9,96,800 shares (₹7.68 Cr)
- Total issue
- 49,84,000 shares (₹38.38 Cr)
- Market maker portion
- 2,51,200 shares
- Face value
- ₹10
- Listing at
- BSE SME
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail33.3%
- Anchor28.4%
- QIB ex-anchor19.0%
- Big NII9.5%
- Small NII4.8%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 16,57,600 | 35.02% | 35% |
| Non-institutional investors (NII) | 7,10,400 | 15.01% | 15% |
| Small NII (₹2–10 lakh) | 2,36,800 | 5.00% | — |
| Big NII (above ₹10 lakh) | 4,73,600 | 10.01% | — |
| Qualified institutional buyers (QIB) | 23,64,800 | 49.97% | 50% |
| QIB, excluding anchor | 9,48,800 | 20.05% | — |
| Anchor investors | 14,16,000 | 29.92% | — |
| Market maker | 2,51,200 | — | — |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹6.51
- P/E (FY 2024-25 at Rs 77)
- 11.82×
- RoNW
- 80.39%
- NAV per share (Post issue at floor price Rs 73)
- ₹35.07
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Dec 20259 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 105.05 | 101.31 | 65.95 | 16.88 |
| Total income | 105.35 | 102.06 | 66.37 | 16.91 |
| EBITDA | 12.40 | 10.86 | 6.04 | 1.16 |
| Profit after tax | 9.04 | 8.22 | 4.64 | 0.84 |
| Net worth | 23.37 | 14.34 | 6.12 | 1.47 |
| Reserves and surplus | 10.75 | 14.29 | 6.07 | 1.42 |
| Total assets | 31.81 | 24.77 | 18.35 | 5.59 |
FY 2024-25 vs FY 2023-24: revenue +53.6%, profit after tax +77.1%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company runs vegetarian North Indian and multi-cuisine food businesses under the Punjabi Angithi brand. Its operations include cloud kitchens, a fine dine restaurant, and corporate and event catering, with a major share of revenue coming through food delivery platforms.
- Incorporated
- 2022
- Industry
- Food Services
- CIN
- U55101DL2022PLC395857
- Website
- punjabiangithi.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Mrs. Teenu Chadha | Promoter | — | — | — |
| Mr. Subash Chander Chadha | Promoter | 4.96% | — | — |
| Mr. Deepak Chadha | Selling shareholder | 94.44% | — | 9,96,800 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for constructing banquet and fine dine restaurant | 11.82 |
| Capital expenditure for constructing centralized kitchen | 4.27 |
| Capital expenditure for rolling out new cloud kitchens | 4.93 |
| Capital expenditure for upgrading existing cloud kitchen facilities | 2.30 |
| General corporate purposes | 3.30 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Vegorama Punjabi Angithi LimitedIssuer | ₹6.51 | 11.82× | 80.39% | ₹2,850.38 |
| Speciality Restaurants Limited | ₹4.45 | 23.73× | 6.52% | ₹68.13 |
| Vikram Kamats Hospitality Limited | ₹0.48 | 85.54× | 0.01% | ₹28.34 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Established brand in North Indian vegetarian food with a multi-format model across cloud kitchens, fine dine and catering.
- Revenue grew from about Rs 1,688 lakh in FY 2022-23 to about Rs 10,131 lakh in FY 2024-25.
- Net worth rose from about Rs 147 lakh to about Rs 2,337 lakh over the periods shown.
- Strong presence on food delivery platforms supports order volumes and traceable revenue.
- Locations are chosen through a structured feasibility process, and staff follow a standard training programme.
Risks
- The company and its promoters received summons from the Income Tax Department in an industry-wide investigation, which could lead to tax demands or penalties.
- A large share of revenue comes through third-party delivery platforms such as Swiggy and Zomato.
- Growth depends on opening and running new cloud kitchens and restaurants in new markets, which may not succeed.
- Part of the proceeds is for a Gurugram property partly leased from the promoters, creating related-party exposure.
- Fund requirements and deployment plans are based on management estimates and have not been independently appraised.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹77) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Vegorama Punjabi Angithi IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 20 May 2026 and closes on Friday, 22 May 2026.
What is the Vegorama Punjabi Angithi IPO price band?
The final issue price is ₹77 per share.
What is the lot size of the Vegorama Punjabi Angithi IPO?
One lot is 3,200 shares, which is ₹2.46 L at ₹77 per share.
Where will Vegorama Punjabi Angithi shares list?
On BSE SME. The tentative listing date is Wednesday, 27 May 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Vegorama Punjabi Angithi IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 25 May 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹11.82 Cr for capital expenditure for constructing banquet and fine dine restaurant, ₹4.27 Cr for capital expenditure for constructing centralized kitchen, ₹4.93 Cr for capital expenditure for rolling out new cloud kitchens, ₹2.3 Cr for capital expenditure for upgrading existing cloud kitchen facilities, ₹3.3 Cr for general corporate purposes.
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