Vegorama Punjabi Angithi Limited has recently celebrated a successful listing on the BSE SME, marking a significant milestone with its Initial Public Offering (IPO). The offering, which included a fresh issue and an offer for sale by a selling shareholder, raised an impressive ₹38.38 crore.
Legacy Law Offices provided crucial legal support and representation for Punjabi Angithi, the selling shareholder Mr. Deepak Chadha, and the Book Running Lead Manager, Corporate Makers Capital Ltd, throughout this IPO process. The dedicated transaction team from Legacy Law Offices comprised Roopali Chaturvedi (Senior Partner), Pradyun Chakravarty (Partner), Naman Anand (Counsel), and Gayatri Bansal (Associate).
Punjabi Angithi is a well-regarded cloud kitchen and takeaway service provider, specializing in delivering high-quality vegetarian North Indian and other cuisines. The company efficiently operates over 25 cloud kitchens and two fine dining restaurants within the Delhi NCR region, catering to customers primarily through popular platforms like Swiggy and Zomato.
The IPO listing was met with remarkable success, as the shares debuted with an impressive 53% premium, priced at ₹117.10, compared to the IPO price of ₹77. This achievement positions it as one of the top-performing SME IPOs so far this calendar year.
For those interested in further insights and analyses, the annual IPO coverage provides detailed information. Discover which law firms have dominated the ₹1,000+ crore segment and the impact of foreign law firms in Indian IPOs. Additionally, explore the financial aspects of IPO processes with insights into what law firms bill companies.
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