Vegorama Punjabi Angithi IPO
Hotels & Restaurants • ₹38.38 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
- Intense competition in the company’s core market
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹77
Lot Size
1600 shares
Issue Size
₹38.38 Cr
Open
20 May 2026
Close
22 May 2026
Subscription
32.7×
IPO Schedule
| Issue Open Date | 20 May 2026 |
| Issue Close Date | 22 May 2026 |
| Listing Date | 26 May 2026 |
About Vegorama Punjabi Angithi
Vegorama Punjabi Angithi is a food services company that offers vegetarian North Indian and multi-cuisine food items through cloud kitchens, takeaway services, catering, and fine dining restaurants. The company provides services including home delivery, corporate thali services, compact catering solutions for office parties and home gatherings, and dine-in restaurant services. It initially operated as a cloud kitchen and takeaway business and later expanded into institutional catering and fine dining operations. The company currently operates 23 cloud kitchens, including one outlet in Uttam Nagar, Delhi, where operations are yet to commence, along with 2 fine-dining restaurants located in the Delhi NCR. Use of proceeds: This is a combination of a fresh issue of shares and an offer for sale (OFS). The net proceeds from the OFS will go to the selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Capex for the construction of the banquet and fine dining restaurant - Up to Rs 11.9 crore Capital expenditure for the construction of a centralised kitchen - Up to Rs 4.20 crore Capital expenditure for rollout of new cloud kitchen - Up to Rs 4.67 crore Capex for upgradation of the existing cloud kitchen facilities - Up to Rs 1.64 crore General corporate purposes (These numbers will be finalised upon determination of the Issue Price and updated in the Draft Red Herring Prospectus)
Company Details
Founders / Promoters
Mr Deepak Chadha
Founded
2022
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Vegorama Punjabi Angithi — IPOFins Verdict
QuantitativeDriven by QIB demand at 26.5x and moderate disclosed risk (6/10), Vegorama Punjabi Angithi listed at a premium of 53.4% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- Vegorama Punjabi Angithi operates through multiple business segments, including cloud kitchens, takeaway services, corporate thali services, compact catering, and fine dining restaurants. This diversi
- 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, cust
- 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
- 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 kitch
- 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 rec
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹77
Listing Price
₹118.1
Listing Gain/Loss
+53.38%
Listing Date
26 May 2026
Price Since Listing
Returns are measured against the ₹77 issue price.
Listing
₹118.1
+53.4%
1 Week
₹123.3
+60.1%
1 Month
₹137
+77.9%
Current
₹168
+118.2%
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FAQ
What is the price band of Vegorama Punjabi Angithi IPO?
The price band is ₹77 per share with a lot size of 1600 shares. Minimum investment: ₹1,23,200.
What does Vegorama Punjabi Angithi do?
Vegorama Punjabi Angithi is a food services company that offers vegetarian North Indian and multi-cuisine food items through cloud kitchens, takeaway services, catering, and fine dining restaurants. The company provides services including home delivery, corporate thali services, compact catering solutions for office parties and home gatherings, and dine-in restaurant services. It initially operated as a cloud kitchen and takeaway business and later expanded into institutional catering and fine dining operations. The company currently operates 23 cloud kitchens, including one outlet in Uttam Nagar, Delhi, where operations are yet to commence, along with 2 fine-dining restaurants located in the Delhi NCR. Use of proceeds: This is a combination of a fresh issue of shares and an offer for sale (OFS). The net proceeds from the OFS will go to the selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Capex for the construction of the banquet and fine dining restaurant - Up to Rs 11.9 crore Capital expenditure for the construction of a centralised kitchen - Up to Rs 4.20 crore Capital expenditure for rollout of new cloud kitchen - Up to Rs 4.67 crore Capex for upgradation of the existing cloud kitchen facilities - Up to Rs 1.64 crore General corporate purposes (These numbers will be finalised upon determination of the Issue Price and updated in the Draft Red Herring Prospectus)
Should I apply for Vegorama Punjabi Angithi IPO?
Vegorama Punjabi Angithi listed at ₹118.1 (+53.4% premium to the ₹77 issue price) after 32.7x subscription. IPOFins Score 8/10: Driven by QIB demand at 26.5x and moderate disclosed risk (6/10), Vegorama Punjabi Angithi listed at a premium of 53.4% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Vegorama Punjabi Angithi?
Vegorama Punjabi Angithi was founded by Mr Deepak Chadha in 2022.