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SME | Book Build
Listed

Vegorama Punjabi Angithi SME IPO Details 2026

₹73 - ₹77Price Band
₹38.38 Cr.Issue Size
1,600 sharesLot Size
Hotels And Resorts - RestaurantsSector
Issue Open
May 20, 2026
Fresh+OFS Issue
Issue Close
May 22, 2026
Min 2 lots (retail)
Allotment Date
May 25, 2026
Lot size: 1,600 shares
Listing Date
May 27, 2026
BSE SME

All About Vegorama Punjabi Angithi IPO:

The Vegorama Punjabi Angithi size is ₹38.38 crore, including a fresh issue of ₹30.70 crore and an offer for sale of ₹7.68 crore. It is a Bookbuilding issue. The IPO issue opens on May 20, 2026 and closes on May 22, 2026. The share allotment is expected on May 25, 2026, and the listing date is May 27, 2026. Vegorama Punjabi Angithi is based in New Delhi and operates in the food and beverage sector. It refiled its DRHP on August 23, 2025 and will list its shares on both the BSE SME. Bigshare Services Pvt.Ltd.is the registrar, while Corporate Makers Capital Ltd. serves as the merchant banker for the offer.

IPO Highlights

IPO Details
Total Issue ₹38.38 Cr.
Fresh Issue ₹30.70 Cr.
Offer for Sale ₹7.68 Cr.
IPO Price Band ₹73 – ₹77
Face Value ₹10 per share
Lot Size 1,600 Shares
Listed on BSE SME
IPO Dates
DRHP Filed August 23, 2025
Issue Open May 20, 2026
Issue Close May 22, 2026
Allotment Date May 25, 2026
Refunds Initiation May 26, 2026
Credit of Shares May 26, 2026
Listing Date May 27, 2026

IPO Reservation and Lot Size

The company has reserved shares for various investor categories. The Retail Shares reservation is not less than 35% of the Net Issue ( shares), and QIB has not more than 50% of the Net Issue (). Further, the minimum lot size is 1,600 shares. The anchor investor reservation is % ( shares), and the market maker reservation is 2,51,200 shares.

IPO Issue Structure

IPO Reservation
QIB
23,64,800
Anchor Investor 14,16,000
QIB (Ex. Anchor) 9,48,800
NII (HNI)
7,10,400
bNII > ₹10L 4,73,600
sNII < ₹10L 2,36,800
Retail
16,57,600
Market Maker
2,51,200
Total
49,84,000
IPO Lot Size
Retail (Min)
Small Investor Quota
2 Lot | 3,200 Shares
₹2,46,400
Retail (Max)
Retail Investment Limit
2 Lot | 3,200 Shares
₹2,46,400
S-HNI (Min)
Small HNI (₹2L – ₹10L)
3 Lot | 4,800 Shares
₹3,69,600
S-HNI (Max)
Small HNI (Up to ₹10 L)
8 Lot | 12,800 Shares
₹9,85,600
B-HNI (Min)
Big HNI (Above ₹10L)
9 Lot | 14,400 Shares
₹11,08,800
Market Maker
Designated Broker
2,51,200 Shares

On August 23, 2025, the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

IPO GMP

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.

Financial Performance (₹ in Cr)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Total Income10.216.641.69
Profit After Tax8.224.640.84
EBITDA11.626.471.18
Net Worth14.346.121.47
Assets24.7718.355.59
Total Debt5.0540.23

Key Performance Indicator

ParticularsFY25FY24FY23
EBITDA Margin (%)11.469.86.99
PAT Margin (%)8.117.044.98
EPS (₹)12.437.021.26
ROE (%)57.3675.8257.14
ROCE (%)62.2363.2269.46
ROA (%)33.1925.315.05
Debt to Equity (x)0.350.650.16

To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus.

Vegorama Punjabi Angithi SME IPO Review:

You must assess the company’s financial position before deciding on investments. You can read our full review article here.

Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.

IPO Financial Snapshot

IPO Objectives
Capital Expenditure for the construction of a banquet and fine dine restaurant ₹11.90 Cr.
Capital Expenditure for rolling out a new cloud kitchen ₹4.20 Cr.
Capital Expenditure for upgradation of the existing cloud kitchen facilities ₹1.65 Cr.
Total Fund Requirement ₹17.75 Cr.
IPO Key Metrics
Pre IPO EPS
₹6.51
Earnings Per Share
Post IPO EPS
₹4.95
Earnings Per Share
Pre IPO P/E
11.82
Price to Earnings
Post IPO P/E
15.56
Price to Earnings
Market Capitalization
₹127.90 Cr.
Post-IPO Market Cap

✅Strengths

  • Recognized brand in food industry
  • Attractive offerings at competitive prices
  • Healthy financial position
  • Proven track record
  • Experienced staff, value-oriented culture
  • Prominent location of restaurants/kitchens

⚠️Weaknesses

  • Extreme dependency on third-party apps
  • Vulnerable to rising commission fees
  • Geographic concentration risk in Delhi NCR
  • Transitioning to dine-in strains margins
  • High pre-IPO promoter shareholding (99.4%)

Vegorama Punjabi Angithi Company Details

Vegorama Punjabi Angithi started its business in March 2022. The company operates in the food and beverage sector. It manufactures North Indian cuisine, particularly Punjabi-style dishes, for the Delhi NCR area/Dehradun market. The company operates a chain of restaurants under the “Punjabi Angithi” brand. Its main office is in New Delhi. The firm employs 244 workers in various departments. Its leadership team has over 10 years of industry experience (having initially started the business as a cloud kitchen in 2014 under a HUF). The company holds several quality certificates for its operations, specifically FSSAI (Food Safety and Standards Authority of India) licenses across all its kitchen locations. The company operates 19 cloud kitchens and two fine-dining restaurants.

Main Offerings:

  • Dine-In Services in QSR format
  • Takeaway Services from outlets
  • Online Food Delivery via aggregators
  • Cloud Kitchen Operations for delivery-only
  • Catering Services for bulk orders

Key Strength:

  • Recognised brand in the food industry
  • Attractive offering at competitive prices
  • Experienced staff and management
  • Healthy financial position, revenue growth

Company Address: B-376, Third Floor, Meera Bagh, Outer Ring Road, Paschim Vihar, New Delhi, 110063

You can contact the company via call or email.

+91-11-46112637 | compliance@punjabiangithi.in

Intermediaries & Key Contacts

Official stakeholders managing the IPO process
REGISTRAR
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
po@bigshare.com
LEAD MANAGER
Corporate Makers Capital Ltd.
MARKET MAKER
RESERVATION
2,51,200 shares (agg. up to ₹2 Cr)
PROMOTERS
Mr. Deepak Chadha
Pre-Issue99.4%

Frequently Asked Questions

What is the Vegorama Punjabi Angithi IPO?

It is a BSE SME issue worth ₹38.38 crores. The company operates a chain of quick-service and fine-dining restaurants specialising in North Indian cuisine, mainly Punjabi dishes.

How to apply for Vegorama Punjabi Angithi IPO?

You may apply using the ASBA service on your net banking platform. Most brokers also allow you to block funds using a UPI ID on their mobile apps.

When is Vegorama Punjabi Angithi IPO allotment?

The allotment will be completed on May 25, 2026, by the registrar Bigshare Services Pvt.Ltd You can check the status online on the registrar portal.

When is Vegorama Punjabi Angithi IPO listing date?

The shares will start trading on the BSE SME platform on May 27, 2026. The listing usually happens at 9:15 AM on the exchange.

What is the lot size for this IPO?

One lot contains 1,600 shares. Retail investors must purchase a minimum of 2 lots, which is 3,200 shares, requiring a minimum investment of ₹2,46,400 at the upper price band.

Who is the lead manager for the issue?

Corporate Makers Capital Ltd. is the lead manager for this public offer. They handle the marketing and the book-building process.

Is there an offer for sale in this IPO?

Yes, the issue includes an offer for sale worth ₹7.68 crores. The promoters are selling a part of their holdings through this.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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