Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Vegorama Punjabi Angithi IPO
Price Band
₹73.0–77.0
Issue Size
₹38.38 Cr
Lot Size
1,600 shares
Min Investment
₹246,400
2 LOTS MIN
GMP
+₹9.0 (11.69%)
Issue Price
₹77.0
Vegorama Punjabi Angithi IPO AI Summary
- Vegorama Punjabi Angithi IPO is listed on BSE SME in the Restaurants sector.
- Price band: ₹73.0–₹77.0 per share, lot size 1,600 shares (min. investment ₹246,400, 2 lots minimum).
- Subscription window: 20 May–22 May 2026, listing on 27 May 2026.
- Current GMP is +₹9.0 (11.69%), an estimated listing price of ₹86 — unofficial and can change daily.
Vegorama Punjabi Angithi Limited is a growing player in the food and beverage sector, focusing on North Indian cuisine through a mix of dining formats. With a healthy financial track record and plans for expansion, it presents an interesting opportunity for investors considering the restaurant industry.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Vegorama Punjabi Angithi IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+11.69%
Est. Listing
₹86.0
Updated: 14 Jul 2026 15:51
About the Company
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 (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 31.81 | 24.77 | 18.35 | 5.59 |
| Total Income | 105.35 | 102.06 | 66.37 | 16.91 |
| Profit After Tax | 9.04 | 8.22 | 4.64 | 0.84 |
| EBITDA | 12.40 | 10.86 | 6.04 | 1.16 |
| NET Worth | 23.37 | 14.34 | 6.12 | 1.47 |
| Reserves and Surplus | 10.75 | 14.29 | 6.07 | 1.42 |
| Total Borrowing | 3.62 | 5.05 | 4.00 | 0.23 |
Key Ratios
EPS
₹6.51
NAV
₹2850.38
ROE
80.39%
ROCE
76.03%
RoNW
80.39%
P/B Value
6.78
P/E Ratio
11.82
Market Cap
₹127.90 Cr
PAT Margin
8.11%
Promoters
Deepak Chadha, Subash Chander Chadha and Teenu Chadha
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 11.82 2 Capital Expenditure for construction of centralized kitchen 4.27 3 Capital Expenditure for roll out new cloud kitchen 4.93 4 Capital Expenditure for upgradation of the existing cloud kitchen facilities 2.30 5 General Corporate Purposes 3.30 6 Issue Expenses 4.08 Total 30.71
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income grew from ₹16.91 Cr in the year ending 31 Mar 2023 to ₹66.37 Cr by 31 Mar 2024, showing significant growth. This trend continued with total income reaching ₹102.06 Cr by 31 Mar 2025, and further increasing to ₹105.35 Cr by 31 Dec 2025.
Profit Trend
Profit after tax rose from ₹0.84 Cr in the year ending 31 Mar 2023 to ₹4.64 Cr by 31 Mar 2024. It then increased to ₹8.22 Cr by 31 Mar 2025, and further to ₹9.04 Cr by 31 Dec 2025.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates potential listing challenges.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy, financial goals, and the overall market environment. It's important to consider the company's growth prospects and financial health.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it operates in a competitive and rapidly evolving sector with inherent risks.
IPO Timeline, Explained
The IPO opens for subscription on 20 May 2026 and closes on 22 May 2026. Allotment of shares will be finalized by 25 May 2026, with the listing expected on 27 May 2026.
Listing Gains — The Risk
Listing day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the stock. While some IPOs experience significant gains on their first day of trading, others may not perform as expected, leading to potential losses.
This evaluation is generated from Vegorama Punjabi Angithi's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Vegorama Punjabi Angithi IPO GMP today?
Vegorama Punjabi Angithi IPO GMP today is +₹9.0 (11.69%), indicating an estimated listing price of ₹86. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Vegorama Punjabi Angithi IPO?
The price band of Vegorama Punjabi Angithi IPO is ₹73.0–₹77.0 per share.
When does Vegorama Punjabi Angithi IPO open and close?
Vegorama Punjabi Angithi IPO opens on 20 May 2026 and closes on 22 May 2026.
When does Vegorama Punjabi Angithi IPO list on the stock exchange?
Vegorama Punjabi Angithi IPO listed on 27 May 2026 at ₹86.0.
What is the lot size for Vegorama Punjabi Angithi IPO?
The lot size for Vegorama Punjabi Angithi IPO is 1600 shares, requiring a minimum investment of ₹246,400 (2 lots).
What is the lot size for this IPO?
The lot size for Vegorama Punjabi Angithi's IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹246,400.
What is the price band for the IPO?
The price band for the IPO is ₹73.0 to ₹77.0.
When is the listing date for this IPO?
The listing date for this IPO is 27 May 2026.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected premium of the IPO's listing price over its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 May 2026
Close
22 May 2026
Allotment
25 May 2026
Listing
27 May 2026
Similar IPOs in Restaurants
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Vegorama Punjabi Angithi?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.