Vegorama Punjabi Angithi Limited
Bookbuilding IPO · BSE
- Price band
- ₹73 - ₹77
- Lot size
- 1,600 shares
- Issue amount
- ₹38.38 cr
- Total subscription
- 35.23×
- Opens
- 20 May 2026
- Closes
- 22 May 2026
- Allotment
- 25 May 2026
- Listing
- 27 May 2026
Offer at a glance
Issue overview
- Issue size
- 49,84,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,16,800
- Fresh issue
- ₹30.71 cr
- Offer for sale
- ₹7.67 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,23,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,26,23,794
- Shares after issue
- 1,66,10,994
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,46,400 |
| sHNI | 3 | 4,800 | ₹3,69,600 |
| bHNI | 9 | 14,400 | ₹11,08,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 22 May 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 26 |
| NIB | 0 | 4,279 |
| RETAIL | 518 | 14,395 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 99 | 2,546 |
| HNIs (2-10L) | 49 | 1,733 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.31 | 193.33 |
| FIIs | 0 | 16.02 |
| Others | 0 | 177.27 |
| RETAIL | 12.76 | 354.69 |
| HNIs 2+ | 1.82 | 67.08 |
| HNIs 10+ | 3.65 | 284.56 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 7.16 | 6.51 | 3.68 | 0.66 |
| ROE | 47.93 | 80.39 | 122.32 | 56.72 |
| ROCE | 53.73 | 76.03 | 101.29 | 68.15 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 11.82 | 0 | 0 |
| POST IPO(PE) | 10.61 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Speciality Restaurants Limited | 23.73 | 105.60 | 10.00 | 68.13 | 6.52 | 4.45 |
| Vegorama Punjabi Angithi Limited | 10.61 | 77.00 | 10.00 | 2,850.34 | 57.34 | 6.51 |
| Vikram Kamats Hospitality Limited | 85.54 | 41.16 | 10.00 | 28.34 | 0.01 | 0.48 |
Company information
Company profile
Founded in March 2022, Vegorama Punjabi Angithi Limited operates in the food and beverage industry through its “Punjabi Angithi” restaurant brand, known for serving affordable North Indian and Punjabi-style vegetarian food in a quick-service restaurant (QSR) format. The company offers dine-in, takeaway, online delivery, cloud kitchen, and catering services, catering to a wide customer base across the Delhi NCR region. It currently operates 19 cloud kitchens and 2 fine-dining restaurants, focusing on expanding its reach through delivery-focused kitchens and new restaurant formats. The company partners with platforms like Swiggy and Zomato while also managing in-house delivery services. With a focus on quality and value-for-money meals, Vegorama Punjabi Angithi plans to further grow through investments in centralized kitchens, cloud kitchens, and fine-dining and banquet services.
Strengths
- Strong QSR & Cloud Kitchen Presence: Wide network of cloud kitchens supports efficient delivery and market reach.
- Affordable & Popular Brand Positioning: Value-for-money Punjabi cuisine helps attract a broad customer base.
- Scalable Business Model: Expansion through cloud kitchens and centralized operations reduces infrastructure costs.
Risk factors
- Dependence on Food Delivery Platforms: Heavy reliance on aggregators like Zomato and Swiggy may impact margins.
- High Competition in QSR Industry: Faces intense competition from local and national food brands.
- Limited Geographic Presence: Operations mainly concentrated in Delhi NCR region.
Promoters
Mr. Deepak Chadha
Mr. Subash Chander Chadha
Mrs. Teenu Chadha
Registrar & documents
Lead manager
Corporate Makers Capital Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-376, Third Floor, Meera Bagh, Outer Ring Road Paschim Vihar, New Delhi, New Delhi, 110063
+91-11-46112637
[email protected]Company website ↗Understanding VPAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.