Vegorama Punjabi Angithi IPO
Vegorama Punjabi Angithi IPO
Overview
Vegorama Punjabi Angithi IPO is a book build issue of ₹38.38 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹30.70 crores and offer for sale of 0.10 crore shares aggregating to ₹7.68 crores. Vegorama Punjabi Angithi IPO opens for subscription on May 20, 2026 and closes on May 22, 2026. The allotment for the Vegorama Punjabi Angithi IPO is expected to be finalized on May 25, 2026. Vegorama Punjabi Angithi IPO will list on the BSE SME with a tentative listing date fixed as May 27, 2026. Vegorama Punjabi Angithi IPO is set issue price band at ₹73 to ₹77 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,46,400 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,69,600. Corporate Makers Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pace Stock Broking Services Pvt.Ltd.
Issue Size
₹49,84,000
Issue Price
₹38 Cr
Price Band
₹73 – ₹77
Lot Size
1600 shares
Min. Investment
₹1,16,800
Max. Investment
₹1,23,200
Open Date
20 May, 2026
Close Date
22 May, 2026
Allotment
25 May, 2026
Listing
27 May, 2026
Max. Investment
₹1,23,200
Announced
20 May, 2026
Opening Date
20 May, 2026
Closing Date
22 May, 2026
Basis of Allotment
25 May, 2026
Initiation of Refunds
26 May, 2026
Credit of Shares
26 May, 2026
Listing Date
27 May, 2026
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About Vegorama Punjabi Angithi IPO
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 meal
Vegorama Punjabi Angithi IPO Share Price
Issue Breakdown
Shareholding
Dilution: 31.6% increase in shares
Vegorama Punjabi Angithi IPO Financial Health
Vegorama Punjabi Angithi IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,46,400 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,46,400 |
| S-HNI (Min) | 3 | 4800 | ₹3,69,600 |
| S-HNI (Max) | 8 | 12800 | ₹9,85,600 |
| B-HNI (Min) | 9 | 14400 | ₹11,08,800 |
(All values in CR)
Vegorama Punjabi Angithi IPO Valuations
| Metric | Value |
|---|---|
| ROE | 47.93 |
| ROCE | 53.73 |
| RoNW | 47.93 |
| PAT Margin | 8.60 |
| EBITDA Margin | 11.81 |
| Price to Book Value | - |
(All values in CR)
Vegorama Punjabi Angithi IPO Strength & Risk
Vegorama Punjabi Angithi IPO Strengths
- Strong brand presence in vegetarian North Indian and Punjabi cuisine segment
- Hybrid business model with dine-in, cloud kitchens, takeaway, catering, and banquet services
- Consistent growth in revenue and profitability over recent years
- High repeat customer rate and growing brand loyalty
- Strong ROE and ROCE indicate efficient capital utilization
- Moderate debt levels with improving financial position
- Experienced promoters with long presence in the food-service industry
- Expansion plans for centralized kitchens and new cloud kitchens support scalability
- Benefits from rising demand for organized food delivery and dining businesses in India
- Affordable pricing strategy helps attract mass-market consumers
Vegorama Punjabi Angithi IPO Risks
- SME IPOs carry high volatility and low liquidity risk
- Restaurant and food-service industry is highly competitive
- Business depends heavily on customer preferences and repeat demand
- Rising raw material and food ingredient costs may pressure margins
- Expansion into new outlets and kitchens requires significant capital expenditure
- Dependence on food delivery platforms may affect profitability due to commission charges
- High minimum investment amount increases retail investor risk
- Limited listed-company operating history
- Operational disruptions at kitchens or restaurants can impact business performance
- Grey market premium visibility remains weak/uncertain
Vegorama Punjabi Angithi IPO GMP
Last updated 15 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 15 May, 2026 | 77 | ₹0 | - | ₹77 (0.00%) | - | 15 May, 2026 |
| 14 May, 2026 | 77 | ₹0 | - | ₹77 (0.00%) | - | 14 May, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Vegorama Punjabi Angithi IPO
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Find Vegorama Punjabi Angithi IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.