Bookbuilding IPO | ₹38 Cr | Listing at BSE SME | Wed, May 20, 2026 - Fri, May 22, 2026 P
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 bidding opened for subscription on May 20, 2026 and will close 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.
Refer to Vegorama Punjabi Angithi IPO RHP for detailed Information.
IPO Open
Wed, May 20, 2026
IPO Close
Fri, May 22, 2026
Issue Price
₹77 per share
Market Cap (Pre-IPO)
₹127.90 Cr
| IPO Date | 20 to 22 May, 2026 |
| Listing Date | Wed, May 27, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 |
| Issue Price | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 49,84,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 2,51,200 shares Pace Stock Broking Services Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 37,36,000 shares (agg. up to ₹29 Cr) |
| Offer for Sale | 9,96,800 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 47,32,800 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 1,26,23,794 shares |
| Share Holding Post Issue | 1,66,10,994 shares |
Vegorama Punjabi Angithi IPO comprises a total issue size of 49,84,000 shares. The net offer to the public is 47,32,800 shares, after excluding 2,51,200 shares allotted on a firm basis. Of the Net offer 23,64,800 (49.97%) are allocated to QIB, 7,10,400 (15.01%) allocated to NII 16,57,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,64,800 | 49.97% | 47.45% |
| − Anchor Investor Shares Offered | 14,16,000 | 28.41% | |
| − QIB (Ex. Anchor) Shares Offered | 9,48,800 | 19.04% | |
| NII (HNI) Shares Offered | 7,10,400 | 15.01% | 14.25% |
| − bNII > ₹10L | 4,73,600 | 9.50% | |
| − sNII < ₹10L | 2,36,800 | 4.75% | |
| Retail Shares Offered | 16,57,600 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,51,200 | 5.04% | |
| Total Shares Offered | 49,84,000 | 100.00% | 100.00% |
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 | 3,200 | ₹2,46,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,46,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,69,600 |
| S-HNI (Max) | 8 | 12,800 | ₹9,85,600 |
| B-HNI (Min) | 9 | 14,400 | ₹11,08,800 |
Vegorama Punjabi Angithi IPO raises ₹10.90 crore from anchor investors. Vegorama Punjabi Angithi IPO Anchor bid date is May 19, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 19, 2026 |
| Shares Offered | 14,16,000 |
| Anchor Portion (₹ Cr.) | 10.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 24, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 23, 2026 |
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
Takeaway Services
Online Food Delivery
Cloud Kitchen Operations
Catering Services
Competitive Strength:
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| 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 | 12.40 | 10.86 | 6.04 | 1.16 |
| NET Worth | 23.37 | 14.34 | 6.12 | 1.47 |
| Reserves and Surplus | 10.75 | 14.29 | 6.07 | 1.42 |
| Total Borrowing | 3.62 | 5.05 | 4.00 | 0.23 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Listing Day Close | Listing Gain/Loss % |
|---|---|---|---|---|
| Travel Food Services Ltd. | Book Building | ₹2,000.00 Cr | ₹1,074.80 | -2.29% |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for construction of banquet and fine dine restaurant | 11.82 |
| 2 | Capital Expenditure for construction of centralized kitchen | 4.27 |
| 3 | Capital Expenditure for roll out new cloud kitchen | 4.93 |
| 4 | Capital Expenditure for upgradation of the existing cloud kitchen facilities | 2.30 |
| 5 | General Corporate Purposes | |
| 6 | Issue Expenses | |
| Total | 23.32 |
| KPI | Dec 31, 205 | Mar 31, 2025 |
|---|---|---|
| ROE | 47.93% | 80.39% |
| ROCE | 53.73% | 76.03% |
| RoNW | 47.93% | 80.39% |
| PAT Margin | 8.60% | 8.11% |
| EBITDA Margin | 11.81% | 10.72% |
| Price to Book Value | 6.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.51 | 7.25 |
| P/E (x) | 11.82 | 10.61 |
| Promoter Holding | 99.41% | |
| Market Cap | ₹127.90 Cr. |
The Vegorama Punjabi Angithi IPO is subscribed 35.15 times on May 22, 2026 6:54:42 PM (Day 3). The public issue subscribed 27.79 times in the individual investors category, 26.46 times in the QIB category, and 63.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 26.46 | 9,48,800 | 2,51,07,200 | 0 |
| NII* | 63.93 | 7,10,400 | 4,54,16,000 | 0 |
| bNII (> ₹10L) | 77.50 | 4,73,600 | 3,67,04,000 | |
| sNII (< ₹10L) | 36.79 | 2,36,800 | 87,12,000 | |
| Individual Investor | 27.79 | 16,57,600 | 4,60,64,000 | 0 |
| Total | 35.15 | 33,16,800 | 11,65,87,200 | 18,758 |
Total Applications: 18,758
*Market Maker portion is not included to NII/HNI.
Lead Manager Reports
Vegorama Punjabi Angithi IPO is a SME IPO of 49,84,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on Wed, May 20, 2026, and closes on Fri, May 22, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vegorama Punjabi Angithi IPO using UPI as a payment gateway. Zerodha customers can apply in Vegorama Punjabi Angithi IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vegorama Punjabi Angithi IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vegorama Punjabi Angithi IPO opens on Wed, May 20, 2026 and closes on Fri, May 22, 2026.
Vegorama Punjabi Angithi IPO lot size is 1600, and the minimum amount required for application is ₹2,46,400, with 2 lots being the minimum application size.
You can apply in Vegorama Punjabi Angithi IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vegorama Punjabi Angithi IPO will be done on Monday, May 25, 2026, and the allotted shares will be credited to your demat account by Tue, May 26, 2026. Check the Vegorama Punjabi Angithi IPO allotment status.
The Vegorama Punjabi Angithi IPO listing date is not yet announced. The tentative date of listing is Wed, May 27, 2026.
