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InvestmentsIPOVegorama Punjabi Angithi IPO

Vegorama Punjabi Angithi IPO

SME

Open Date

20 May 2026

Close Date

22 May 2026

Min Investment

₹ 2,46,400

Lot Size

1,600

Issue Size

₹ 38.38 Cr

Price Range

₹ 73 - ₹ 77

Subscribed

-
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This IPO is Open for Pre Apply.

IPO Timeline
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IPO Offer Start
20 May 2026
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IPO Offer Ends
22 May 2026
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Allotment Finalisation
25 May 2026
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Refund Initialisation
26 May 2026
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Non-Institutional Buyers (sHNI)
26 May 2026
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Listing of Shares
27 May 2026
IPO Subscription Details as on 20 May 2026, 09:27 AM

No Subcription Details for this IPO

IPO subscription details, if any,
will appear here

Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Vegorama Punjabi Angithi Limited is an evolving brand in the Indian food industry, known for its rich vegetarian North Indian and other cuisines. The company has grown from a cloud kitchen and takeaway service provider since 2014 to a multi-vertical segment, catering to diverse customer needs through cloud kitchens, corporate catering, compact catering solutions, and fine dining experiences. The company operates 27 cloud kitchens and 2 fine dining restaurants across Delhi NCR, committed to delivering high-quality, flavorful and affordable multi-cuisine food while maintaining operational efficiency and customer satisfaction.
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Founded In

2022

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CEO

Subash Chander Chadha

Financials of Vegorama Punjabi Angithi IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue16.8865.95101.31
Other Income0.020.420.75
Total Income
16.9166.37102.06
Total Expenses
15.7860.1591.09
Profit Before Tax1.126.2210.96
Total Profit
0.844.648.22

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to establish a banquet and fine dine restaurant at Plot No. C6 & C7, EBD, Sector – 89, Gurugram, Haryana. The facility will develop Basement, Ground Floor, First Floor, Second, Third and Fourth Floor with an approx. covered area of 16,400 sq. ft. for banquet services and fine dine restaurants.12
The company proposes to construct a centralized cloud kitchen at Plot No. 120, Sector – 16, Bahadurgarh, Jhajjar Haryana admeasuring about 450 sq. mtr. The centralized kitchen will help maintain quality of products, increase shelf life and enable bulk purchasing negotiations with vendors.4
The company plans to set up 10 new cloud kitchens in Delhi/NCR and Pune. The expansion will leverage the brand equity of 'Punjabi Angithi by Vegorama Group' to increase market share and meet growing demand for casual dining restaurants.5
The company will upgrade existing 18 cloud kitchen locations by installing cold rooms and air scrubbers. This upgradation will improve service quality, operational efficiency, and create better working environment for employees while reducing raw material wastage.2
The company will utilize proceeds for general corporate purposes including meeting operating expenses, strengthening business development and marketing capabilities, meeting exigencies, and other purposes as approved by the Board of Directors, subject to applicable regulations.-
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  • Prominent Location of Cloud Kitchens/Fine Dine Restaurant: The company conducts comprehensive feasibility studies and location selection processes considering factors like visibility, competition presence, and customer footfall to develop strategically positioned cloud kitchens and fine dine restaurants.
  • Recognised Brand in the Food Industry: The company stands out as a growing brand with rapid expansion and strong brand presence driven by commitment to authentic flavors, exceptional service, and customer-centric approach in vegetarian cuisines.
  • Attractive Offering at Competitive Prices Based on Constant Menu Innovation and Customer Focus: The company provides great quality food experience with diverse and creative menu at affordable prices through constant menu innovation while maintaining authenticity and high-quality standards.
  • Experienced Staff and Value-Oriented Business Culture Led by Management: The company operates under experienced management with deep industry expertise, structured training programs for staff, and value-driven approach prioritizing affordability, efficiency and customer-centric service.
  • Healthy Financial Position with Proven Track Record of Revenue Growth and Profitability: The company demonstrates consistent revenue growth from ₹1,688.46 lakhs (FY2023) to ₹10,504.87 lakhs (Dec 2025) with strong financial performance driven by customer retention and efficient cost management.
  • Wide Presence on Food Delivery Platforms: The company maintains strong digital presence with 44+ thousand Instagram followers, consistent kitchen rating above 4.0 out of 5.0 on food delivery platforms, and around 5 lakhs+ reviews on e-commerce platforms.
  • Diverse & Scalable Business Model: The company operates through multiple business segments including dine-in, takeaway, cloud kitchens, compact catering and corporate thali services across Delhi, Noida, Gurgaon, and Dehradun with 27 cloud kitchens and 2 fine dine restaurants.

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