Vegorama Punjabi Angithi IPO
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Vegorama Punjabi Angithi IPO details
Schedule of Vegorama Punjabi Angithi
| Issue open date | 20 May 2026 |
| Issue close date | 22 May 2026 |
| UPI mandate deadline | 22 May 2026 (5 PM) |
| Allotment finalization | 25 May 2026 |
| Refund initiation | 26 May 2026 |
| Share credit | 26 May 2026 |
| Listing date | 27 May 2026 |
| Mandate end date | 06 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 21 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 20 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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 standardized cooking processes, a pure vegetarian no-cross-contamination policy, and delivery-led operations supported through aggregator platforms.
Financials of Vegorama Punjabi Angithi
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 38.38 |
| Fresh Issue – Proceeds go to the company | 30.70 |
| Offer for sale – Proceeds go to the existing investors | 7.68 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Construction of a banquet and fine dining restaurant | 11.82 (38.50%) |
| Construction of a centralised kitchen | 4.27 (13.91%) |
| Roll-out of new cloud kitchens | 4.93 (16.06%) |
| Upgradation of existing cloud kitchen facilities |
2.3 (7.49%) |
| General corporate purposes | 7.38 (24.04%) |
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.