How to Apply for the Vegorama Punjabi Angithi IPO: Step-by-Step Investment Guide

Summary:
 

Vegorama Punjabi Angithi Limited operates in the food and beverage industry through its ‘Punjabi Angithi’ brand, offering vegetarian North Indian cuisine through dine-in restaurants, cloud kitchens, takeaway, catering, and online delivery services. The Vegorama Punjabi Angithi IPO will open for subscription on May 20, 2026, and close on May 22, 2026. The company plans to issue 49,84,000 shares with a price band of ₹73 to ₹77 per share. The IPO is proposed to be listed on the SME platform of the BSE. The issue proceeds are proposed to be utilised for expansion of cloud kitchens, restaurant infrastructure, centralised kitchens, and general corporate purposes.

Vegorama Punjabi Angithi Limited operates in the food and beverage industry through its ‘Punjabi Angithi’ brand, focusing on vegetarian North Indian cuisine in the quick-service restaurant (QSR) category. The company provides dine-in, takeaway, cloud kitchen, catering, and online delivery services across the Delhi NCR region. Its operating model includes cloud kitchens and fine-dining restaurants, allowing it to cater to multiple customer segments through delivery-focused and outlet-based formats. The business has also expanded into institutional catering and compact event catering services to diversify its operational activities. The company’s business operations are supported by partnerships with food delivery platforms such as Swiggy and Zomato, which assist in expanding customer reach and order fulfilment capabilities. Its focus on vegetarian cuisine, cloud kitchen operations, and catering services has contributed to its presence in urban and semi-urban consumption markets. The company also plans to expand through investments in restaurant infrastructure, centralised kitchens, and additional delivery-focused formats, subject to market conditions and operational requirements.

Investors can apply for the Vegorama Punjabi Angithi IPO through the ASBA (Application Supported by Blocked Amount) facility available via internet banking platforms or through UPI-enabled applications. Investors are required to have an active demat account, a PAN card, and a bank account linked with UPI services. Applicants can log in to their trading or banking platform, select the IPO section, choose the Vegorama Punjabi Angithi IPO, and enter the required bid quantity and price details within the specified price band. After entering the application details, investors are required to approve the UPI mandate request or authorise the ASBA process through their banking platform. Upon confirmation, the application amount remains blocked in the applicant’s bank account until the allotment process is completed.

For more details, visit the Vegorama Punjabi Angithi IPO page.

Vegorama Punjabi Angithi IPO Details and Objectives

Details

Information

IPO Date

May 20, 2026 to May 22, 2026

Issue Size

49,84,000 shares (agg. up to ₹38.38 Cr)

Price Band

₹73 to ₹77 per share

Lot Size

1,600 shares

Listing At

SME, BSE

Market Maker

Pace Stock Broking Services Pvt. Ltd.

Purpose of the IPO

  • Capital expenditure for construction of banquet and fine dine restaurant

  • Capital expenditure for construction of centralised kitchen

  • Capital expenditure for roll out new cloud kitchens

  • Capital expenditure for upgradation of the existing cloud kitchen facilities

  • General corporate purposes

Timeline of Vegorama Punjabi Angithi IPO

Event

Date

IPO Open Date

Wed, May 20, 2026

IPO Close Date

Fri, May 22, 2026

Tentative Allotment

Mon, May 25, 2026

Initiation of Refunds

Tue, May 26, 2026

Credit of Shares to Demat

Tue, May 26, 2026

Tentative Listing Date

Wed, May 27, 2026

Cut-off time for UPI mandate confirmation

5 PM on Fri, May 22, 2026  

Pricing & Lot Size of Vegorama Punjabi Angithi IPO

Price Band for the IPO

  • ₹73 to ₹77 per share

Minimum Lot Size and Application Details

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

Vegorama Punjabi Angithi IPO Application Process

The Vegorama Punjabi Angithi IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

Step 1: Login to Your Trading Platform

Access your trading account using the trading platform.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate Vegorama Punjabi Angithi IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 1,600 shares) within the price band of ₹73 to ₹77 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for IPO Allotment Status

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in Vegorama Punjabi Angithi IPO

The allocation of shares in the Vegorama Punjabi Angithi IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.

Investor Category

Shares Offered

QIB Shares Offered

23,64,800

− Anchor Investor Shares Offered

14,16,000

− QIB (Ex. Anchor) Shares Offered

9,48,800

NII (HNI) Shares Offered

7,10,400

− bNII > ₹10L

4,73,600

− sNII < ₹10L

2,36,800

Retail Shares Offered

16,57,600

Firm Reservations

Market Maker Shares Offered

2,51,200

Total Shares Offered

49,84,000

This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹5.59 crore in FY23 to ₹24.77 crore as of March 2025.

  • Total Income: Recorded at ₹102.06 crore in March 2025, as compared to ₹16.91 crore in FY23.

  • Profit After Tax (PAT): Reported at ₹8.22 crore in March 2025, and ₹0.84 crore in FY23.

  • Net Worth: Recorded at ₹14.34 crore in March 2025 compared to ₹1.47 crore in FY23.

  • Reserves & Surplus: Stood at ₹14.29 crore in March 2025, as compared to ₹1.42 crore in FY23.

  • Total Borrowings: Stood at ₹5.05 crore in March 2025, as compared to ₹0.23 crore in FY23.

  • EBITDA: Stood at ₹10.86 crore in March 2025 in comparison to ₹1.16 crore in FY23.

Recent Performance and Growth Prospects

  • The company reported growth in its overall asset base during the reviewed financial period, reflecting business expansion and operational scaling.

  • Revenue generation showed an upward trend over the same period, supported by the expansion of restaurant operations, cloud kitchen presence, and catering services.

  • Profitability levels improved during the period under review, indicating changes in operational performance and business activity.

  • The company’s net worth and internal reserves increased during the financial period, reflecting capital accumulation and retained earnings growth.

  • Expansion in operations and infrastructure development contributed to higher business activity across multiple service formats, including delivery-focused kitchens and dine-in outlets.

  • Borrowings increased during the reviewed period, which may be linked to operational expansion, working capital requirements, and investments in new business formats.

  • Operating performance, as reflected through earnings before interest, taxes, depreciation, and amortisation (EBITDA), recorded growth during the financial period under review.

  • The company’s focus on cloud kitchens, catering services, and fine-dining expansion may support its operational presence across urban consumption markets, subject to market conditions and execution capabilities.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company’s operations are concentrated primarily in the Delhi NCR region, which may expose the business to region-specific market conditions, consumer demand changes, and operational challenges.

  • The business has recorded an increase in borrowings during the reviewed financial period, which may lead to higher financial obligations and repayment requirements in the future.

Opportunities and Growth Potential

  • The company plans to utilise the IPO proceeds towards expanding cloud kitchens, centralised kitchen infrastructure, banquet facilities, and fine-dining operations, which may support operational expansion across additional locations.

  • Growth in online food delivery adoption, cloud kitchen formats, and demand for organised food service offerings may support the company’s presence in the quick-service restaurant and catering segments, subject to market conditions and execution capabilities.

Key Performance Indicator (KPI)

KPI

Dec 31, 2025

Mar 31, 2025

ROE

47.93%

80.39%

ROCE

53.73%

76.03%

RoNW

47.93%

80.39%

PAT Margin

8.60%

8.11%

EBITDA Margin

11.81%

10.72%

Price to Book Value

-

6.78

Vegorama Punjabi Angithi IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Bigshare Services Pvt. Ltd.

Corporate Makers Capital Ltd.

Company Address of Vegorama Punjabi Angithi Ltd

B-376, Third Floor, Meera Bagh,

Outer Ring Road

Paschim Vihar,

New Delhi, New Delhi, 110063

Phone: +91-11-46112637

Email: compliance@punjabiangithi.in

Website:https://punjabiangithi.in/

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Vegorama Punjabi Angithi IPO allotment status.

 

 

Frequently Asked Questions

Published Date : 18 May 2026

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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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