Vegorama Punjabi Angithi Ltd IPO is an upcoming BSE SME issue attracting interest from investors looking for exposure to India's growing quick-service restaurant (QSR) and cloud kitchen sector. Here i…
Vegorama Punjabi Angithi Ltd IPO is an upcoming BSE SME issue attracting interest from investors looking for exposure to India's growing quick-service restaurant (QSR) and cloud kitchen sector. Here is a complete overview of the company, IPO details, and key financial highlights.
IPO Details
DetailInformationIssue Size₹38.38 CroreIssue TypeBook Built Issue (Fresh Issue + OFS)Price Band₹73 – ₹77 per shareFace Value₹10 per shareLot Size1,600 sharesMin. Investment (Retail)₹2,46,400 (3,200 shares)Listing PlatformBSE SMETentative Listing DateMay 27, 2026Allotment DateMay 25, 2026RegistrarBigshare Services Pvt. Ltd.Lead Manager (BRLM)Corporate Makers Capital Ltd.Market MakerPace Stock Broking Services Pvt. Ltd.
About the Company
Founded in 2014, Vegorama Punjabi Angithi Limited operates in the food and beverage industry through its flagship brand "Punjabi Angithi". The company has evolved from a single cloud kitchen into a multi-format vegetarian food services company, specialising in North Indian and Punjabi cuisine. It also offers Indo-Chinese, tandoori, and regional dishes through multiple in-house brands including Punjabi Angithi, Chinese Veg Crunch, Dilli Tawa Parantha, Food of Dreams, and Swaad of Punjab.
As of March 2026, the company operates 27 cloud kitchens and 2 fine-dining restaurants across Delhi NCR and Dehradun, supported by a workforce of 306 employees. Its business model is heavily digital-first, with over 91% of FY2025 revenue generated through online channels including Swiggy and Zomato.
Financial Highlights
ParticularsFY 2024FY 2025Revenue₹6.64 Cr₹10.21 CrProfit After Tax (PAT)₹4.64 Cr₹8.22 Cr
Use of IPO Proceeds
- Expansion of restaurant and cloud kitchen network
- Setting up centralised kitchens and infrastructure
- Funding working capital requirements
- General corporate purposes
Key Strengths
- Established "Punjabi Angithi" brand with strong recognition in Delhi NCR
- Asset-light cloud kitchen expansion model
- Digital-first business model with majority revenue from Swiggy & Zomato
- Diversified multi-brand food portfolio
Risk Factors
- High dependence on third-party food aggregators
- Competitive QSR market with established players
- Geographic concentration primarily in Delhi NCR
Issue Structure
CategoryAllocation
QIB 50%
NII / HNI 15%
Retail Investors 35%