SME
IPO ·
BSE SME
Vegorama Punjabi Angithi Ltd
Listed
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.
Issue details
Price band
₹73 – ₹77
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,46,400
Issue size
₹38.38 Cr
Fresh issue
₹28.77 Cr
Offer for sale
₹7.68 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
20 May 2026
Closes
22 May 2026
UPI mandate cut-off
5:00 PM on 22 May 2026
Allotment
25 May 2026
Refunds
26 May 2026
Shares in demat
26 May 2026
Listing
27 May 2026
Subscription and listing
Subscription
24.92x
Listing price
₹118.10
Registrar
Bigshare Services Pvt Ltd
Lead manager
Corporate Makers Capital
Subscription by category
Total
24.92x
Total applications
18,632
Anchor investors
Amount raised
₹10.90 Cr
Bid date
19 May 2026
50% lock-in ends
23 Jun 2026
Rest lock-in ends
22 Aug 2026
Listing day
Issue price
₹77
Open
₹118.10
High
₹124.00
Low
₹118.10
Day close
₹124.00
Listing gain at open
+53.38%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
23,64,800
47.45%
Anchor Investor Shares Offered
14,16,000
28.41%
QIB (Ex. Anchor) Shares Offered
9,48,800
19.04%
NII Shares Offered
7,10,400
14.25%
bNII > ₹10L
4,73,600
9.50%
sNII < ₹10L
2,36,800
4.75%
Retail Shares Offered
16,57,600
33.26%
Market Maker Shares Offered
2,51,200
5.04%
Total Shares Offered
49,84,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 54%, PAT up 77%, ROE 47.93%, post-issue P/E 10.61x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
47.93%
ROCE
53.73%
Debt / equity
—
PAT margin
8.60%
P/E post issue
10.61
Market cap
₹127.90 Cr
Use of IPO money
Capital Expenditure for construction of banquet and fine dine restaurant
₹11.82 Cr
Capital Expenditure for construction of centralized kitchen
₹4.27 Cr
Capital Expenditure for roll out new cloud kitchen
₹4.93 Cr
Capital Expenditure for upgradation of the existing cloud kitchen facilities
₹2.30 Cr
General Corporate Purposes
₹3.30 Cr
Issue Expenses
₹4.08 Cr
Strengths
✓
Revenue up 54% in FY25 to ₹102.06 Cr
✓
PAT up 77% in FY25 to ₹8.22 Cr
✓
ROE of 47.93% and ROCE of 53.73%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 8.60%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.