Vegorama Punjabi Angithi IPO
Market Sentiment
IPO Details
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Market Lot Size
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 16.91 | 66.37 | 102.06 | 105.35 |
| Expense | 15.78 | 60.15 | 91.09 | 93.31 |
| Profit (PAT) | 0.84 | 4.64 | 8.22 | 9.04 |
| Total Assets | 5.59 | 18.35 | 24.77 | 31.81 |
| Company | P/E | EPS |
|---|---|---|
| Speciality Restaurants Limited | 23.73 | 4.45 |
| Vikram Kamats Hospitality Limited | 85.54 | 0.48 |
Promoters: Mr. Deepak Chadha
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,26,23,794 | 99.40% |
Strengths & Risks
- Heavily oversubscribed — 32.7x overall (so far).
- Strong institutional (QIB) demand — 26.5x.
- Revenue grew 54% in the latest reported year.
- Solid profit margin — 80.5%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Modest return on equity — 1%.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Verogama Punjabi Angithi, founded in March 2022, is one of the leading companies engaged in the food and beverage industry. The company operates its restaurant under the name Punjabi Angithi. Under its brand, they offer North Indian, mainly Punjabi, vegetarian dishes, with dine-in, takeaway, and delivery services with partners like Swiggy and Zomato. Verogama Punjabi has been known for providing high-quality and affordable meals, building a strong presence in urban and semi-urban areas. Soon, the company also plans to expand its business by investing in new restaurant formats, such as cloud kitchens and centralized kitchens. Currently, the firm operates 19 cloud kitchens spanning 400 to 870 square feet and 2 fine-dining restaurants covering 2,397 square feet in Delhi
| 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 stock listed with a 53.38% gain versus its issue price on May 27, 2026.
Verogama Punjabi Angithi, founded in March 2022, is one of the leading companies engaged in the food and beverage industry. The company operates its restaurant under the name Punjabi Angithi.
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).
Grey market is quoting a premium of +Rs 9 (+11.7% over issue price), up Rs 3 from the previous session. Final subscription data records overall subscription at 32.74x, retail at 27.77x, QIB at 26.46x, NII at 47.49x.
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 (P/E 23.73x) and Vikram Kamats Hospitality Limited (P/E 85.54x) — 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. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
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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