Vegorama Punjabi Angithi IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
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 | EPS | P/E |
|---|---|---|
| Speciality Restaurants Limited | 4.45 | 23.73 |
| Vikram Kamats Hospitality Limited | 0.48 | 85.54 |
Promoters: Mr. Deepak Chadha
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,26,23,794 | 99.40% |
Strengths & Risks
- Strongly subscribed — 35.2x 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%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. 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
Vegorama Punjabi Angithi Ltd., B-376, Third Floor, Meera Bagh,, Outer Ring Road, Paschim Vihar,, New Delhi, New Delhi, 110063
| 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 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).
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.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Vegorama Punjabi Angithi IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Vegorama Punjabi Angithi GMP history and trend, or learn how grey market premium works and how reliable it is.
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