Vegorama Punjabi Angithi IPO
Vegorama Punjabi Angithi IPO Details
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Open Date
20 May 2026
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Close Date
22 May 2026
- IPO Price Range
₹ 73 to ₹77
- IPO Size
₹ 38.3 Cr
Vegorama Punjabi Angithi IPO Timeline
Vegorama Punjabi Angithi IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-May-2026 | 0.69 | 2.09 | 1.61 | 1.45 |
| 21-May-2026 | 0.84 | 9.24 | 4.47 | 4.45 |
| 22-May-2026 | 26.46 | 63.93 | 27.79 | 35.15 |
Last Updated: 22 May 2026 6:45 PM by 5paisa
Vegorama Punjabi Angithi Limited operates in the food and beverage sector through its “Punjabi Angithi” restaurant chain, specialising in affordable North Indian and Punjabi cuisine in a quick-service restaurant format. The company serves customers through dine-in, takeaway and delivery channels, with a strong presence in urban and semi-urban markets. It currently operates 19 cloud kitchens and two fine-dining restaurants across Delhi NCR, and aims to expand further through investments in new restaurant formats, centralised kitchens and cloud kitchen operations.
Established in: 2022
Managing Director: Mr. Deepak Chadha.
Peers:
Speciality Restaurants Limited
Vikram Kamats Hospitality Limited
Vegorama Punjabi Angithi Objectives
1. Capital Expenditure for construction of banquet and fine dine restauran (₹11.82 Cr)
2. Capital Expenditure for construction of centralized kitchen (₹4.27 Cr)
3. Capital Expenditure for roll out new cloud kitchen (₹4.93 Cr )
4. Capital Expenditure for upgradation of the existing cloud kitchen facilities (₹2.30Cr)
5. General Corporate Purposes
Vegorama Punjabi Angithi IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹38.38 Cr |
| Offer For Sale | ₹7.68 Cr |
| Fresh Issue | ₹30.70 Cr |
Vegorama Punjabi Angithi IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,33,600 |
| Retail (Max) | 2 | 3,200 | 2,46,400 |
| S-HNI (Min) | 3 | 4,800 | 3,50,400 |
| S-HNI (Max) | 8 | 12,800 | 9,85,600 |
| B-HNI (Min) | 9 | 14,400 | 10,51,200 |
Vegorama Punjabi Angithi IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 26.46 | 9,48,800 | 2,51,07,200 | 193.33 |
| Non-Institutional Buyers | 63.93 | 7,10,400 | 4,54,16,000 | 349.70 |
| BNII | 77.50 | 4,73,600 | 3,67,04,000 | 282.62 |
| SNII | 36.79 | 2,36,800 | 87,12,000 | 67.08 |
| Individual Investors (IND category bidding for 2 Lots) | 27.79 | 16,57,600 | 4,60,64,000 | 354.69 |
| Total** | 35.15 | 33,16,800 | 11,65,87,200 | 897.72 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 16.88 | 65.95 | 101.31 |
| EBITDA | 1.16 | 6.04 | 10.86 |
| PAT | 0.84 | 4.64 | 8.22 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 5.59 | 18.35 | 24.77 |
| Share Capital | 0.05 | 0.05 | 0.05 |
| Total Liabilities | 3.96 | 8.43 | 6.76 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 3.05 | 7.31 | 5.47 |
| Net Cash Generated From / (used in) Investing Activities | -0.51 | -5.81 | -6.36 |
| Net Cash Generated From / (used in) Financing Activities | 0.86 | 3.73 | 0.67 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 3.40 | 5.23 | -0.21 |
Strengths
1. Strong brand recognition in affordable Punjabi cuisine
2. Wide delivery network through multiple cloud kitchens
3. Diverse service model including dine-in and takeaway
4. Value-for-money meals attract broad customer segments
Weaknesses
1. Operations concentrated mainly within Delhi NCR region
2. Limited presence outside North Indian food category
3. Dependence on food delivery platform partnerships increases
4. Fine-dining segment may involve higher operating costs
Opportunities
1. Expansion into tier-two and tier-three Indian cities
2. Rising demand for convenient quick-service restaurant formats
3. Growing online food delivery market supports scalability
4. Franchise opportunities can accelerate nationwide brand growth
Threats
1. Intense competition from established quick-service restaurant chains
2. Fluctuating raw material prices may impact profitability
3. Changing consumer preferences towards healthier food alternatives
4. Regulatory compliance costs could increase operational challenges
1. Strong brand presence in affordable Punjabi cuisine
2. Asset-light cloud kitchen model supports faster expansion
3. Growing quick-service restaurant industry offers scalable opportunities
4. Diverse revenue streams through dine-in and delivery
Vegorama Punjabi Angithi operates within India’s rapidly expanding quick-service restaurant industry, driven by rising urbanisation, changing lifestyles and increasing food delivery adoption. The company’s cloud kitchen-focused model supports cost-efficient scalability and faster market penetration. Its affordable Punjabi cuisine appeals to a wide consumer base seeking convenient dining options. With growing demand for organised food service brands in tier-two and metropolitan markets, the company holds significant potential for expansion through new outlets, delivery partnerships and centralised kitchen infrastructure.
- Companies
- Type
- Opening On
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Turtlemint Fintech Solutions
- Mainboard
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19th Jun
- Pre-Book
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Anubhav Plast
- SME
-
19th Jun
- Pre-Book
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FAQs
Vegorama Punjabi Angithi IPO opens from May 20, 2026 to May 22, 2026.
The size of Vegorama Punjabi Angithi IPO is ₹38.38 Cr.
The price band of Vegorama Punjabi Angithi IPO is fixed at ₹73 to ₹77 per share.
To apply for Vegorama Punjabi Angithi IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Vegorama Punjabi Angithi. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Vegorama Punjabi Angithi IPO is of 3,200 shares and the investment required is ₹2,33,600.
The share allotment date of Vegorama Punjabi Angithi IPO is May 25,2026
The Vegorama Punjabi Angithi IPO will likely be listed on May 27, 2026.
Corporate Makers Capital Ltd is the book running lead managers for Vegorama Punjabi Angithi IPO.
Vegorama Punjabi Angithi IPO plans to utilise the raised capital from the IPO for:
1. Capital Expenditure for construction of banquet and fine dine restauran (₹11.82 Cr)
2. Capital Expenditure for construction of centralized kitchen (₹4.27 Cr)
3. Capital Expenditure for roll out new cloud kitchen (₹4.93 Cr )
4. Capital Expenditure for upgradation of the existing cloud kitchen facilities (₹2.30Cr)
5. General Corporate Purposes