Vegorama Punjabi Angithi IPO
Market Sentiment
Market Lot Size
Return Estimator (GMP*)
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1.69 | 6.64 | 10.21 |
| Expense | 15.78 | 60.15 | 91.09 |
| Profit (PAT) | 0.84 | 4.64 | 8.22 |
| Total Assets | 5.59 | 18.35 | 24.77 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Speciality Restaurants Limited | - | 4.45 | 7 |
| Vikram Kamats Hospitality Limited | - | 0.48 | 0 |
Promoters: Mr. Deepak Chadha
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,26,23,794 | 99.40% |
Company Information
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure for construction of banquet and fine dine restaurant | 11.90 |
| Capital Expenditure for construction of centralized kitchen | 4.20 |
| Capital Expenditure for roll out new cloud kitchen | 4.67 |
| Capital Expenditure for upgradation of the existing cloud kitchen facilities | 1.65 |
| General Corporate Purposes & Issue Expenses | - |
Resources & Documents
Vegorama Punjabi Angithi Ltd., B-376, Third Floor, Meera Bagh,, Outer Ring Road, Paschim Vihar,, New Delhi, New Delhi, 110063
Vegorama Punjabi Angithi has set a price band of Rs 73–Rs 77 per share for an issue size of Rs 38 crore. The SME issue is scheduled to open for subscription on May 20, 2026 — 5 days from now.
The issue is promoted by Mr. Deepak Chadha with Corporate Makers Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital Expenditure for construction of banquet and fine dine restaurant (Rs 12 crore) and Capital Expenditure for construction of centralized kitchen (Rs 4 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand.
On fundamentals, the company is posting revenue growth of 53.8%, a profit margin of 80.5%, return on equity of 0.6% in its most recent reported period. Listed peers in this segment include Speciality Restaurants Limited (market cap Rs 7 crore) and Vikram Kamats Hospitality Limited (market cap Rs 0 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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