Vegorama Punjabi Angithi IPO

Vegorama Punjabi Angithi IPO Details

Vegorama Punjabi Angithi IPO is a 100% book-built issue of 49.84 lakh equity shares, comprising a fresh issue of 39.87 lakh equity shares and an offer for sale (OFS) of 9.96 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on June 18, 2025.

The price band of this issue is set at ₹73 to ₹77 per share and the lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor is ₹2,46,400 (3,200 shares). The IPO will be open for subscription from May 20 to 22, 2026, on the BSE SME platform, with a tentative listing date fixed as May 27, 2026. The book-running lead manager of the issue is Corporate Maker Capital Ltd., while the registrar to the issue is Big Share Services Pvt. Ltd.

Vegorama Punjabi Angithi IPO Date & Timeline

The Vegorama Punjabi Angithi IPO is officially set to open for subscription on May 20, 2026 and will close on May 22, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on June 18, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window allotment is expected on May 25, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on May 26, 2026. Finally, the Vegorama Punjabi Angithi Ltd.'s shares are tentatively scheduled to list on the stock exchanges on May 27, 2026.

Vegorama Punjabi Angithi IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Vegorama Punjabi Angithi IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹77, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Vegorama Punjabi Angithi Ltd. was incorporated as a private limited company on March 30, 2022, in Paschim Vihar, New Delhi, as a private limited company. However, its business origins trace back further to 2014, when it began as a family firm named Deepak Chadha HUF. In early 2025, the company transformed into a public limited company to begin the procedure of public listing to support its expansion goals.

The firm has evolved from a single outlet into a multi-brand food platform with a strong geographic presence. The journey began as a cloud kitchen and takeaway service provider, focusing on delivering high-quality vegetarian food, but now established themselves as one of the prominent players in the cloud kitchen segment and opened their first restaurant.

Operations & Product Range

The Vegorama Punjabi Angithi Ltd. follows a purely vegetarian food services concept using its primary brand name, "Punjabi Angithi." It offers a diversified range of operations, covering dine-in restaurants, cloud kitchens and specialised outdoor catering services. The products offered include an extensive list of over 280 dishes with a focus on traditional North Indian cuisine. With a cluster approach to expansion, the firm caters to varied target market segments comprising office-going customers and families via Noida, Gurgaon, South Delhi and East Delhi.

Facilities & Capacity

The infrastructure of Vegorama Punjabi Angithi Ltd. includes 19 outlets and 2 fine dining restaurants that are strategically located to process large amounts of orders per day, with the company said to be handling more than 10,000 orders on a daily basis. A substantial share of the brand's logistics is done through aggregators, allowing the company to have wide-reaching operations without having to set up physical shops at every outlet location.

Brands & Market Presence

"Punjabi Angithi" is the brand that has become a benchmark in establishing the identity of Vegorama Punjabi Angithi Ltd. among the consumers as a reputable brand providing true vegetarian food products. It has been widely acknowledged in its early years by winning the Most Trusted Upcoming Brand Award at the Zomato Food Summit 2016. Despite being relatively unknown outside of India at present, it has established itself well enough to achieve an impressive repeat purchase ratio of about 63%.

Revenue Streams & Business Model

The primary revenue source of Vegorama Punjabi Angithi Ltd. is primarily generated through the sale of food and beverages across its various service formats. The business model balances high-margin dine-in services with the high-volume nature of cloud kitchens and delivery platforms. For Q3 FY26, the company reported revenue from operations of ₹101.3 crore and PAT was reported at ₹8.22 crore. The company leverages data-driven insights to optimise its menu and kitchen operations, aimed at boosting customer retention and satisfaction.

Management & Shareholding

Vegorama Punjabi Angithi Ltd. is promoted by Mr Deepak Chadha, who also serves as the Managing Director. Before the IPO, the promoter held 94.44% stake and the promoter group held 4.96% stake; collectively, they held 99.40% stake of ownership in the company. But, after the IPO, the promoters’ shareholding will be diluted as the offering includes an OFS of 9.96 lakh shares by existing shareholders.

Board & Key Management

The leadership of Vegorama Punjabi Angithi Ltd. is led by a team of experts with many years of experience. Deepak Chadha serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors Vimal Bhatnagar, Sita Ram Shukla, Shaleen Khurana and Babu Ram Somani for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.