Vegorama Punjabi Angithi was incorporated on March 30, 2022. The company focuses on delivering high-quality, affordable multi-cuisine food while ensuring authentic taste, operational efficiency, and customer satisfaction. Its growth strategy includes expanding fine dining and catering services, strengthening digital and home delivery platforms, and entering new markets to enhance its position in the Indian food industry
| Bidding Dates |
|---|
| 20 May 2026 - 22 May 2026 |
| Subscription |
|---|
| 32.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,33,600 | 2 | 2 | 1600 | 5.0 M | ₹73 - ₹77 | 69.55 % | ₹363.8 M - ₹383.8 M | RHP DOC |
Vegorama Punjabi Angithi IPO SUBSCRIPTION STATUS
22 May '26Vegorama Punjabi Angithi IPO overall subscription rate was 32.75 times the total available shares
Vegorama Punjabi Angithi IPO retail subscription rate was 36.89 times in the retail segment
Vegorama Punjabi Angithi IPO non-institutional investor subscription rate was 85.33 times in the non-institutional investor category
Vegorama Punjabi Angithi IPO Qualified Institutional Bidder subscription rate was 14.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
22 May 2026 (Day 3) | 36.89x | 85.33x | 14.07x |
21 May 2026 (Day 2) | 5.93x | 12.73x | 0.45x |
20 May 2026 (Day 1) | 2.14x | 2.78x | 0.37x |
Vegorama Punjabi Angithi FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 105.0 | 9.0 | 7.7 | 5.7 | 11.8% |
| FY25 | 101.3 | 8.2 | 5.5 | 1.1 | 10.7% |
| FY24 | 65.9 | 4.6 | 7.3 | 1.8 | 9.2% |
| FY23 | 16.9 | 0.8 | 3.1 | 2.5 | 6.9% |
Vegorama Punjabi Angithi IPO SUBSCRIPTION STATUS DETAILS
Vegorama Punjabi Angithi had 5.0 M shares on offer
Vegorama Punjabi Angithi IPO offer price was in the range ₹73 - ₹77
Vegorama Punjabi Angithi IPO minimum Investment was ₹233600
Vegorama Punjabi Angithi IPO issue size was ₹ 363.8 M - ₹ 383.8 M
Vegorama Punjabi Angithi had a minimum lot size of 1600 Shares per application
Vegorama Punjabi Angithi NUMBER OF SHARES ON OFFER
Vegorama Punjabi Angithi IPO IMPORTANT DATES
| Issue Open Date | 20 May 2026 |
| Issue close Date | 22 May 2026 |
| Allotment Date | 25 May 2026 |
| Refund Date | 26 May 2026 |
| Demat Account Credit Date | 26 May 2026 |
| Listing Date | 27 May 2026 |
| Listing on Exchange(s) | BSE |
| Vegorama Punjabi Angithi Allotment Status | Exchange/ Registrar |
Vegorama Punjabi Angithi IPO subscription opened on 20 May 2026, and closed on 22 May 2026
IPO allotment for Vegorama Punjabi Angithi was finalized on Monday, 25 May 2026
IPO listing for Vegorama Punjabi Angithi was on BSE on Wednesday, 27 May 2026
Vegorama Punjabi Angithi IPO LISTING GAINS
| Issue Price (adjusted) | 77.0 |
| Listing Open Price | 118.1 |
| Listing Close Price | 124.0 |
| Listing Gain% | 53.4% |
| Current Gain% | 163.3% |
Vegorama Punjabi Angithi Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vegorama Punjabi Angithi Ltd. | 202.7 | 336.7 | 28 | 0.6 | 2.4 | 45.6 | 35.4 | 141.5 | 38.6 | 12 | 46.4 | 7.2 | 46.4 |
| Jubilant Foodworks Ltd. | 486.5 | 32101.5 | 74.9 | 0.7 | 3.4 | 18.7 | 4.5 | 9586.6 | 16.7 | 428.5 | 103.3 | 6.5 | 103.3 |
| Travel Food Services Ltd. | 1428.6 | 18811.7 | 42.7 | 2 | 11.4 | 30.6 | 19.3 | 1742.6 | -1.1 | 441 | 21.4 | 33.5 | 21.4 |
| Devyani International Ltd. | 134.7 | 16611.4 | -600.3 | 4.3 | 2.8 | -2.5 | -0.6 | 5656.6 | 13.4 | -38.6 | -522.2 | -0.2 | -140.1 |
| Westlife Foodworld Ltd. | 594.8 | 9275.9 | 292.7 | 1.4 | 3.4 | 5.2 | 1.1 | 2657 | 5.6 | 32.3 | 166.2 | 2 | 213.2 |
| Sapphire Foods India Ltd. | 224.2 | 7206 | -403.3 | 1.3 | 2.2 | -2.3 | -1 | 3153.4 | 8 | -32 | -266 | -0.6 | -299.8 |
Vegorama Punjabi Angithi INFORMATION ON IPO ISSUE
About Vegorama Punjabi Angithi
Vegorama Punjabi Angithi was incorporated on March 30, 2022. The company focuses on delivering high-quality, affordable multi-cuisine food while ensuring authentic taste, operational efficiency, and customer satisfaction. Its growth strategy includes expanding fine dining and catering services, strengthening digital and home delivery platforms, and entering new markets to enhance its position in the Indian food industry
Object of the Issue
- Capital expenditure for construction of banquet and fine dine restaurant
- Capital expenditure for construction of centralized kitchen
- Capital expenditure for roll out new cloud kitchens
- Capital expenditure for upgradation of the existing cloud kitchen equipment
Vegorama Punjabi Angithi - PROMOTERS
| Name |
|---|
| Deepak Chadha |
Vegorama Punjabi Angithi - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Deepak Chadha | Managing Director & Chairman |
| Subash Chander Chadha | Executive Director |
| Teenu Chadha | Executive Director |
| Vimal Bhatnagar | Non-Executive, Independent Director |
| Sita Ram Shukla | Non-Executive, Independent Director |
| Shaleen Khurana | Non-Executive, Independent Director |
| Babu Ram Somani | Non-Executive, Independent Director |
Vegorama Punjabi Angithi Book Running Lead Manager
Corporate Makers Capital Limited
info@corporatemakers.in
Vegorama Punjabi Angithi Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Vegorama Punjabi Angithi Strengths
Recognised brand
The company has emerged as a growing and recognized brand in the food industry, supported by authentic flavors, strong service standards, and a customer-centric approach. Its expanding network of cloud kitchens and fine dining restaurants, along with a loyal customer base, has strengthened its position in the vegetarian cuisine segment
Diverse & scalable business model
The company initially adopted a cloud kitchen model to optimize costs and build a strong digital presence, with a significant portion of revenue driven through online food delivery platforms. Its diversified model across dine-in, takeaway, catering, and corporate meal services, along with expansion across key cities, has strengthened its position in the North Indian vegetarian dining market
Attractive prices
The company focuses on delivering high-quality and affordable food through a diverse and innovative menu while maintaining authentic taste and quality standards. Its emphasis on customer preferences and evolving food trends has helped establish it as a trusted and popular brand in the food industry
Vegorama Punjabi Angithi Risks
Consumer preference risk
The company’s success depends on its ability to regularly introduce new dishes and adapt to changing consumer preferences and market trends. Failure to accurately anticipate customer demand or successfully launch new menu offerings could adversely affect customer retention, footfalls, and financial performance
Geographically concentrated
The company’s operations are largely concentrated in the Delhi NCR region, making it vulnerable to localized disruptions such as social unrest, natural calamities, infrastructure issues, and increased competition. Any such events could disrupt operations, reduce utilization of facilities, and adversely affect its business and financial performance
Technology adaptation risk
Rapid technological changes may require the company to continuously upgrade its systems and capabilities to remain competitive. Any failure to adopt new technologies or adapt to evolving industry standards in a timely and cost-effective manner could adversely affect its business and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 7.7 crore, of 996,800 shares. It also consists of a fresh issue of Rs 30.7 crore.
The promoter of the company is Deepak Chadha.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 73.0 - 77.0.
The IPO application opens on May 20, 2026 and closes on May 22, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 233,600.0, the maximum value for this IPO is Rs 246,400.0.
This IPO will be allotted on May 25, 2026.
The refund will be credited to your account on May 26, 2026.
The allotted shares will be credited to your demat on May 26, 2026.
Vegorama Punjabi Angithi Ltd.’s shares listed on the stock exchanges on May 27, 2026.