What is the GMP of Vegorama Punjabi Angithi IPO today?

The Grey Market Premium (GMP) for Vegorama Punjabi Angithi IPO is currently ₹9. With an upper price band of ₹77, the estimated listing price is ₹86 per share, reflecting an expected listing gain of ~11.69%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Vegorama Punjabi Angithi IPO?

The price band for Vegorama Punjabi Angithi IPO is ₹73 to ₹77 per equity share. The minimum lot size is 1600 shares, which requires a minimum retail application investment of ₹1,23,200.

What are the important dates for Vegorama Punjabi Angithi IPO?

Vegorama Punjabi Angithi IPO opens for subscription on 2026-05-20T00:00:00 and closes on 2026-05-22T00:00:00. The basis of allotment is scheduled for 2026-05-25T00:00:00, and shares are expected to list on 2026-05-27T00:00:00 on BSE, NSE.

How can I check the allotment status for Vegorama Punjabi Angithi IPO?

You can check Vegorama Punjabi Angithi IPO allotment status on the registrar's official portal (Bigshare Services Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Vegorama Punjabi Angithi IPO?

Investors can apply for Vegorama Punjabi Angithi IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Vegorama Punjabi Angithi IPO open and close?

The IPO opens on 20 May 2026, and closes on 22 May 2026.

What is Vegorama Punjabi Angithi IPO price band?

The issue price band is ₹73.00 to ₹77.00 per equity share.

What is the Vegorama Punjabi Angithi IPO lot size?

The minimum lot size is 1600 shares per application.

What is the Vegorama Punjabi Angithi IPO allotment date?

The allotment is scheduled on 25 May 2026.

Vegorama Punjabi Angithi IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

38.38 Cr

Price Band

₹73.00 - ₹77.00

Lot Size

1600 Shares

Min Investment

₹2,46,400

GMP

₹9

Subscription

35.15x

₹897.72 Cr

20 May 2026

IPO Opens

COMPLETED

22 May 2026

IPO Closes

COMPLETED

25 May 2026

Basis of Allotment

COMPLETED

26 May 2026

Refunds

COMPLETED

26 May 2026

Demat Credit

COMPLETED

27 May 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

20 May 2026

IPO ClosesDONE

22 May 2026

Basis of AllotmentDONE

25 May 2026

RefundsDONE

26 May 2026

Demat CreditDONE

26 May 2026

ListingDONE

27 May 2026

About Vegorama Punjabi Angithi IPO

Vegorama Punjabi Angithi IPO open date is May 20, 2026 and the IPO will close on May 22, 2026. Vegorama Punjabi Angithi IPO is a Book build Issue. The company to raise around ₹38.38 crores via IPO that comprises fresh issue of ₹30.70 crores and offer for sale up to 9,96,800 equity shares with face value of ₹10 each.

Vegorama Punjabi Angithi IPO price band is ₹73 to ₹77 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Vegorama Punjabi Angithi IPO to list on BSE on May 27, 2026. The allotment of Vegorama Punjabi Angithi IPO date is May 25, 2026.

The company reported revenue of ₹102.06 crores in 2025 against ₹66.37 crores in 2024. The company reported profit of ₹8.22 crores in 2025 against profit of ₹4.64 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Vegorama Punjabi Angithi IPO Details and Specifications
IPO Date	20 May 2026 to 22 May 2026
Face Value	₹10 Per Share
Price Band	₹73.00 - ₹77.00
Lot Size	1600 Shares
Total Issue Size	Approx 38.38 Cr 49,84,000 Equity Shares
Fresh Issue	Approx 30.70 Cr 39,87,200 Equity Shares
Offer for Sale	Approx 8.00 Cr 9,96,800 Equity Shares
Retail Portion	35.02%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	27 May 2026
Listing At	BSE
Total Subscription Amount	₹897.72 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	23,64,800	49.97%
- Anchor	14,16,000	0.00%
- QIB (Ex. Anchor)	9,48,800	0.00%
NII	7,10,400	15.01%
- bNII > ₹10L	4,73,600	0.00%
- sNII < ₹10L	2,36,800	0.00%
Retail	16,57,600	35.02%
Share Holders	TBA	0.00%
Market Maker	2,51,200	0.00%
Total	49,84,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	3,200	₹2,46,400
Individual investors (Retail) (Max)	2	3,200	₹2,46,400
S-HNI (Min)	3	4,800	₹3,69,600
S-HNI (Max)	8	12,800	₹9,85,600
B-HNI (Min)	9	14,400	₹11,08,800

About Company

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

Contact Details

Vegorama Punjabi Angithi Ltd.

B-376, Third Floor, Meera Bagh,

Outer Ring Road

Paschim Vihar,

New Delhi, New Delhi, 110063

+91-11-46112637

compliance@punjabiangithi.in

Visit Website

Registrar

Bigshare Services Pvt Ltd

+91-22-62638200

ipo@bigshare.com

Lead Managers

Corporate Makers Capital Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
27-May-2026 12:00 PM	+₹9	₹86	+11.69%	₹14,400
26-May-2026 12:00 PM	+₹8	₹85	+10.39%	₹12,800
25-May-2026 12:00 PM	+₹6	₹83	+7.79%	₹9,600
23-May-2026 12:00 PM	+₹6	₹83	+7.79%	₹9,600
22-May-2026 12:00 PM	+₹5	₹82	+6.49%	₹8,000
21-May-2026 12:00 PM	+₹5	₹82	+6.49%	₹8,000
20-May-2026 12:00 PM	+₹15	₹92	+19.48%	₹24,000
19-May-2026 12:00 PM	+₹15	₹92	+19.48%	₹24,000
18-May-2026 12:00 PM	+₹15	₹92	+19.48%	₹24,000
16-May-2026 04:00 PM	+₹0	₹77	+0.00%	₹0
15-May-2026 04:00 PM	+₹0	₹77	+0.00%	₹0
14-May-2026 03:00 PM	+₹0	₹77	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	26.46x	9,48,800	2,51,07,200	₹193.33 Cr
NII	63.93x	7,10,400	4,54,15,998	₹349.70 Cr
bNII > ₹10L	77.50x	4,73,600	3,67,03,998	₹282.62 Cr
sNII < ₹10L	36.79x	2,36,800	87,12,000	₹67.08 Cr
Retail	27.79x	16,57,600	4,60,64,000	₹354.69 Cr
Total	35.15x	33,16,800	11,65,87,198	₹897.72 Cr

Objects of the Issue

01 Capital Expenditure for construction of banquet and fine dine restaurant : 11.90 Cr
02 Capital Expenditure for construction of centralized kitchen : 4.27 Cr
03 Capital Expenditure for roll out new cloud kitchen : 4.93 Cr
04 Capital Expenditure for upgradation of the existing cloud kitchen facilities : 2.30 Cr
05 General Corporate Purposes & Issue Expenses : 7.38 Cr

Company Financials

Period Ended	31 DEC 2025	31 MAR 2025	31 MAR 2024
Total Income	105.35	102.06	66.37
Profit After Tax	9.04	8.22	4.64
EBITDA	12.40	10.86	6.04
NET Worth	23.37	14.34	6.12
Reserves and Surplus	10.75	14.29	6.07
Total Borrowing	3.62	5.05	4.00

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	76.03%
Return on Net Worth (RoNW)	80.39%
PAT Margin	8.11%
EBITDA Margin	10.72%
Net Asset Value (NAV)	₹2,850.38
Earning Per Share (EPS)	₹6.51

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Vikram Kamats Hospitality Limited	0.48	85.54	28.34	0.01	22.70
Speciality Restaurants Limited	4.45	23.73	68.13	6.52	0.41

Promoters and Holding Pattern

Mr. Deepak Chadha is the company's promoter of Vegorama Punjabi Angithi.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	99.41%	69.51%
Others*	1.59%	30.49%

Strengths

Vegorama Punjabi Angithi operates through multiple business segments, including cloud kitchens, takeaway services, corporate thali services, compact catering, and fine dining restaurants. This diversified model allows the company to cater to different customer segments while reducing dependence on a single revenue stream.
The company claims to follow a structured process for selecting locations for its cloud kitchens and fine dining restaurants. According to the prospectus, factors such as visibility, competition, customer footfall, and accessibility are considered before opening a new outlet.
Vegorama Punjabi Angithi claims to have a staff training system where newly hired employees are trained at existing outlets before being deployed to new locations. The company states that this process is intended to maintain consistency in recipes, food preparation techniques, and service standards across outlets.
The company claims to implement measures aimed at reducing food wastage in its operations. These measures include daily demand forecasting, deprioritising low-performing menu items, and training kitchen staff on minimal-waste preparation practices.
The company claims to maintain a strong digital presence through online food delivery platforms and social media channels. Its Instagram account has more than 50,000 followers, while the brand has received over 5 lakh reviews across e-commerce and food delivery platforms.
Vegorama Punjabi Angithi has expanded its operations across locations, including Delhi, Noida, Gurgaon, and Dehradun. The company states that its cloud kitchen-focused model helped optimise operational costs during its early years while supporting expansion into additional formats such as dine-in and catering services.
Vegorama Punjabi Angithi has reported growth in revenue from operations and profit after tax (PAT) over the last three financial years. Revenue from operations increased from Rs 16.88 crore in FY23 to Rs 65.94 crore in FY24 and further to Rs 101.30 crore in FY25. The company also witnessed a consistent increase in its PAT, which increased from Rs 0.83 crore in FY23 to Rs 4.64 crore in FY24 and Rs 8.22 crore in FY25.

Risks

Vegorama Punjabi Angithi derives a significant portion of its revenue from online food delivery platforms. In FY25, around 91.91% of its revenue from operations came through such platforms, making the business highly dependent on third-party aggregators for customer orders and delivery volumes. Any disruption in relationships with online food delivery platforms, changes in commission structures, or a decline in order volumes through these platforms could adversely affect the company’s revenue, profitability, and overall operations.
The company’s operations are heavily concentrated in Delhi-NCR. Any localised disruptions, such as civic issues, natural calamities, infrastructure breakdowns, or increased competition in the region, could materially impact its business operations and revenues.
The company has disclosed that certain approvals and licenses for some units are still pending or in process. These include approvals such as FSSAI licenses, eating house licenses, health and trade licenses, and consent-related approvals for some locations. Any delay in obtaining or renewing these approvals and licenses may lead to regulatory action, operational disruptions, penalties, or temporary suspension of operations at certain outlets.
The top 10 suppliers of the company accounted for raw material purchases worth Rs 36.22 crore, Rs 23.66 crore, and Rs 7.90 crore in FY25, FY24, and FY23, respectively, representing 71.61%, 67.61%, and 81.44% of its total raw material purchases during the respective years. Any disruption in relationships with these suppliers, inability to procure raw materials in sufficient quantities, or rise in procurement costs could adversely affect the company’s operations, profitability, and financial condition.
Raw material consumption accounted for 49.88%, 52.93%, and 57.20% of the company’s total revenue in FY25, FY24, and FY23, respectively. Any significant increase in raw material prices, supply shortages, or fluctuations in food ingredient and commodity costs could adversely affect the company’s profitability and financial performance.

Frequently Asked Questions (FAQ)

Comments0

Join the discussion

Please sign in to leave a comment or reply.

Sorted by

Loading IPO Details...

About Vegorama Punjabi Angithi IPO

IPO Details

Vegorama Punjabi Angithi IPO Details and Specifications
IPO Date	20 May 2026 to 22 May 2026
Face Value	₹10 Per Share
Price Band	₹73.00 - ₹77.00
Lot Size	1600 Shares
Total Issue Size	Approx 38.38 Cr 49,84,000 Equity Shares
Fresh Issue	Approx 30.70 Cr 39,87,200 Equity Shares
Offer for Sale	Approx 8.00 Cr 9,96,800 Equity Shares
Retail Portion	35.02%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	27 May 2026
Listing At	BSE
Total Subscription Amount	₹897.72 Cr

Investor Category

Shares Offered

% Net Issue

QIB

23,64,800

49.97%

- Anchor

14,16,000

0.00%

- QIB (Ex. Anchor)

9,48,800

0.00%

NII

7,10,400

15.01%

- bNII > ₹10L

4,73,600

0.00%

- sNII < ₹10L

2,36,800

0.00%

Retail

16,57,600

35.02%

Share Holders

TBA

0.00%

Market Maker

2,51,200

0.00%

Total

49,84,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

3,200

₹2,46,400

Individual investors (Retail) (Max)

3,200

₹2,46,400

S-HNI (Min)

4,800

₹3,69,600

S-HNI (Max)

12,800

₹9,85,600

B-HNI (Min)

14,400

₹11,08,800

About Company

Contact Details

Vegorama Punjabi Angithi Ltd.

B-376, Third Floor, Meera Bagh,

Outer Ring Road

Paschim Vihar,

New Delhi, New Delhi, 110063

+91-11-46112637

compliance@punjabiangithi.in

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

27-May-2026 12:00 PM

+₹9

₹86

+11.69%

₹14,400

26-May-2026 12:00 PM

+₹8

₹85

+10.39%

₹12,800

25-May-2026 12:00 PM

+₹6

₹83

+7.79%

₹9,600

23-May-2026 12:00 PM

+₹6

₹83

+7.79%

₹9,600

22-May-2026 12:00 PM

+₹5

₹82

+6.49%

₹8,000

21-May-2026 12:00 PM

+₹5

₹82

+6.49%

₹8,000

20-May-2026 12:00 PM

+₹15

₹92

+19.48%

₹24,000

19-May-2026 12:00 PM

+₹15

₹92

+19.48%

₹24,000

18-May-2026 12:00 PM

+₹15

₹92

+19.48%

₹24,000

16-May-2026 04:00 PM

+₹0

₹77

+0.00%

₹0

15-May-2026 04:00 PM

+₹0

₹77

+0.00%

₹0

14-May-2026 03:00 PM

+₹0

₹77

+0.00%

₹0

Vegorama Punjabi Angithi IPO Details

About Vegorama Punjabi Angithi IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Vegorama Punjabi Angithi IPO open and close?

What is Vegorama Punjabi Angithi IPO price band?

What is the Vegorama Punjabi Angithi IPO lot size?

What is the Vegorama Punjabi Angithi IPO allotment date?

What is the Vegorama Punjabi Angithi IPO listing date?

What is the minimum investment required in Vegorama Punjabi Angithi IPO?

Join the discussion

Vegorama Punjabi Angithi IPO Details

About Vegorama Punjabi Angithi IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Vegorama Punjabi Angithi IPO open and close?

What is Vegorama Punjabi Angithi IPO price band?

What is the Vegorama Punjabi Angithi IPO lot size?

What is the Vegorama Punjabi Angithi IPO allotment date?

What is the Vegorama Punjabi Angithi IPO listing date?

What is the minimum investment required in Vegorama Punjabi Angithi IPO?

Join the discussion