| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹38.38 Cr |
| Reserved for Market Maker | ₹1.93 Cr |
| Net Issue Size | ₹38.38 Cr |
| Fresh Issue | ₹28.77 Cr |
| Offer for Sale | ₹7.68 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน73.00-77.00 per share |
| BSE Code | 544765 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,200 shares ยท Multiples of 1,600 shares
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.
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน 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 | 3.30 |
| 6 | Issue Expenses | 4.08 |
| Total | 30.71 |
| 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 | ||||
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 6.51 | 7.25 |
| P/E (x) | 11.82 | 10.61 |
| Promoter Holding | 99.41% | 69.51% |
| Market Cap | โน127.90 Cr. | |