Vegorama Punjabi Angithi IPO
Price band
₹73 – ₹77
Lot size
1600 shares
Min investment
₹1,23,200
Issue size
₹38.38 Cr
IPO schedule
| Open date | 20 May 2026 |
| Close date | 22 May 2026 |
| UPI mandate cut-off | 22 May 2026 |
| Allotment finalisation | 25 May 2026 |
| Refund initiation | 26 May 2026 |
| Shares credited to demat | 26 May 2026 |
| Listing date | 27 May 2026 |
| Mandate end date | 6 Jun 2026 |
| Anchor lock-in (50%) | 21 Jun 2026 |
| Anchor lock-in (remaining) | 20 Aug 2026 |
Issue size
Grey Market Premium (GMP)
GMP is an unofficial, unregulated indicator and not a reliable predictor of listing price. Source: IPO Watch.
Subscription status
Reserved and applied figures are in crore shares.
About Vegorama Punjabi Angithi
Vegorama Punjabi Angithi Limited is a Delhi-based food services company focused on pure vegetarian cuisine. The company started operations in 2014 and has expanded from a cloud kitchen and takeaway business into a multi-format food brand offering dine-in restaurants, cloud kitchens, corporate thali services, and outdoor catering. Its flagship brand, Punjabi Angithi, serves North Indian vegetarian dishes, while its other brands offer products such as paranthas, Indo-Chinese food, biryani, and fusion cuisine. The company generates revenue through dine-in sales, online food delivery platforms, takeaway orders, corporate meal services, and catering for events and gatherings. As of the date of the RHP, the company operated 27 cloud kitchens and two fine dining restaurants in the Delhi NCR region. Its business model focuses on standardised cooking processes, a pure vegetarian no-cross-contamination policy, and delivery-led operations supported through aggregator platforms.
Strengths
- The company operates a pure vegetarian business with a strict no-cross-contamination policy.
- It has a diversified portfolio with multiple brands across vegetarian food categories.
- The company receives around 63% repeat business from existing customers.
- Its cloud kitchen and delivery model help expand reach while optimising costs.
- The business earns revenue from dine-in, delivery, catering, and corporate meal services.
Risks
- The company faces intense competition in the cloud kitchen and food delivery market.
- Dependence on third-party food delivery platforms may impact operations and margins.
- Managing multiple brands and kitchens increases operational complexity.
- Failure to obtain or renew licenses and approvals may affect the business.
- Changes in food safety regulations and compliance requirements may increase costs.
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.