Vegorama Punjabi Angithi SME IPO
Vegorama Punjabi Angithi IPO — date, price band, GMP & allotment 2026
Vegorama Punjabi Angithi is an Indian restaurant brand known for offering authentic North Indian and Punjabi-style food with a focus on rich flavours, vegetarian dishes, and affordable dining. The company operates on a casual dining and quick-service restaurant business model, serving items like tandoori snacks, curries, rolls, and combo meals to a wide customer base. Established to cater to growing demand for Punjabi cuisine, the brand has built its presence mainly across urban locations in India through dine-in, takeaway, and food delivery services.
Stock price
Vegorama Punjabi Angithi is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 September.
- Open 20 May 2026
- Close 22 May 2026
- Allotment 25 May 2026
- Refund/credit 26 May 2026
- Listing 27 May 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 May, 2026 |
|---|---|
| Price Band | ₹73 – ₹77 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Issue Size | ₹38.38 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,46,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1600 shares at the ₹77 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,46,400 |
| Retail (max) | 2 | 3,200 | ₹2,46,400 |
| HNI (min) | 3 | 4,800 | ₹3,69,600 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong focus on Punjabi and North Indian vegetarian cuisine with loyal customer demand.
- 02Affordable pricing and quick-service model help attract middle-class and family customers.
- 03Presence on food delivery platforms increases reach and improves sales visibility.
- 04Experienced promoters with understanding of restaurant and food service operations.
- 05Growing urban dining culture in India supports expansion opportunities for the brand.
Risks · 5
- 01Highly competitive restaurant industry with pressure from local and national food chains.
- 02Rising raw material and food ingredient costs may impact profit margins.
- 03Business performance depends heavily on customer taste preferences and repeat orders.
- 04Expansion into new locations may require high capital and operational expenses.
- 05Dependence on online delivery platforms can affect margins due to commission charges.
Three years of numbers
All figures in ₹ crore, as reported in the Vegorama Punjabi Angithi offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 31.81 | 24.77 | 18.35 | 5.59 |
| Total Income | 105.35 | 102.06 | 66.37 | 16.91 |
| Profit After Tax | 9.04 | 8.22 | 4.64 | 0.84 |
| EBITDA | 12.40 | 10.86 | 6.04 | 1.16 |
| NET Worth | 23.37 | 14.34 | 6.12 | 1.47 |
| Reserves and Surplus | 10.75 | 14.29 | 6.07 | 1.42 |
| Total Borrowing | 3.62 | 5.05 | 4.00 | 0.23 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Vegorama Punjabi Angithi RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Vegorama Punjabi Angithi IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.25 |
| P/E Ratio (x) | 10.61 |
| Market Cap at Offer Price (₹ Cr) | ₹96.01 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹77 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹22.42 Cr of the issue is earmarked to named objects.
About the company
was established with a focus on offering authentic North Indian and Punjabi-style vegetarian food products and ready-to-cook solutions. The company has built its presence through a mix of traditional recipes and modern food processing techniques, catering to changing consumer preferences for convenient yet flavourful meal options. Over the years, it has expanded its product portfolio to include frozen foods, snacks, gravies, and restaurant-style meal offerings, mainly targeting urban households and the food service industry.
The business operates on a B2B and B2C model, supplying products through distributors, retail outlets, supermarkets, and online channels. The promoters have focused on maintaining product quality, consistency, and scalable manufacturing capabilities to strengthen the brand’s position in the packaged food segment. With increasing demand for ready-to-eat and ready-to-cook vegetarian products in India, the company aims to grow its market reach across multiple states while strengthening its distribution network and brand visibility.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91-11-46112637
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Corporate Makers Capital Ltd.
9 issues handledBest listing: Kwick Forensic Solutions (+66.7%). Weakest: Fly-Hi Maritime Travels (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Vegorama Punjabi Angithi?
The current Grey Market Premium is ₹7, or 9% over the issue price.
What is the Vegorama Punjabi Angithi IPO price band?
₹73 to ₹77, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 May 2026, with listing on 27 May 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
