Vegorama Punjabi Angithi Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹73 – ₹77
Lot Size: 1,600 shares
Min. Investment: ₹1,23,200
Total Issue Size: ₹38.38 Cr; 49,84,000 shares
Fresh Issue: ₹30.7 Cr; 39,87,200 shares
Offer for Sale: ₹7.68 Cr; 9,96,800 shares
Face Value: ₹10 per share
Issue Type: Book-built IPO
Listing At: BSE SME
Shares Pre-Issue: 1,26,23,794
Shares Post-Issue: 1,66,10,994

Lot Size & Investment

1 lot = 1,600 shares

Retail (min)

2 lots · 3,200 shares

Retail (max)

2 lots · 3,200 shares

S-HNI (min)

3 lots · 4,800 shares

Application	Lots	Shares	Amount
Retail	2	3,200	₹2,46,400
Small HNI (S-HNI)	3	4,800	₹3,69,600
Big HNI (B-HNI)	9	14,400	₹11,08,800

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Dec-25	Mar-25	Mar-24	Mar-23
Assets	31.81	24.77	18.35	5.59
Total Income	105.35	102.06	66.37	16.91
Profit After Tax	9.04	8.22	4.64	0.84
EBITDA	12.4	10.86	6.04	1.16
Net Worth	23.37	14.34	6.12	1.47
Reserves & Surplus	10.75	14.29	6.07	1.42
Total Borrowing	3.62	5.05	4	0.23

Key Performance Indicators

Key performance indicators
Period	Dec-05	Mar-25
ROE (%)	47.93	80.39
ROCE (%)	53.73	76.03
EPS (₹)	—	6.51
P/E (pre-issue)	—	11.82
P/E (post-issue)	—	10.61

About Vegorama Punjabi Angithi Limited

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 meals and has built a strong brand presence, especially in urban and semi-urban areas. With a growing number of outlets, Vegorama Punjabi Angithi aims to scale its operations through capital expenditure on new restaurant formats, centralized kitchens, and cloud kitchens. The company operates 19 cloud kitchens and two fine-dining restaurants in the Delhi NCR area. The cloud kitchens range from 400 to 870 square feet, while the fine dining restaurant spans about 2,397 square feet. As on February 28, 2026, the company has 306 employees across various departments. Here are the key services offered by Vegorama Punjabi Angithi Limited : Dine-In Services Operates quick-service restaurants (QSRs) under the Punjabi Angithi brand. Offers a wide range of North Indian, mainly Punjabi, vegetarian dishes. Takeaway Services Provides customers with the option to order food and pick it up from nearby outlets. Online Food Delivery Partners with third-party food aggregators (like Swiggy, Zomato) and also handles in-house delivery to serve customers at home. Cloud Kitchen Operations Runs delivery-only kitchens to expand reach without high infrastructure costs. Focuses on servicing high-demand areas with low overhead. Catering Services Provides food for private and corporate events, parties, and bulk orders. Plans to enter the fine-dining and banquet space through new capital investments. Competitive Strength: Prominent Location of the Cloud Kitchens/ Fine Dine Restaurant. Recognised brand in the food industry. Attractive offering at competitive prices based on constant menu innovation and customer focus. Experienced staff and value-oriented business culture led by our Management. Healthy financial position with proven track record of revenue growth and profitability.