Business
Hunger Pangs files SEBI papers for Rs 150 crore IPO
The Hindu BusinessLine··7h ago
Hunger Pangs Ltd, which runs Burma Burma restaurants, filed draft IPO papers with SEBI on Friday. The offer has a fresh issue of up to Rs 150 crore and an offer for sale of up to 2.79 crore shares. As of July 31, 2026, it ran 22 restaurants in nine cities. FY26 revenue rose 46.56 percent to Rs 155.50 crore.
Prism
What It Means For You
- Investors can study the DRHP for Burma Burma's expansion plan once SEBI processes the filing.
- Fresh-issue proceeds are earmarked for new restaurants and general corporate purposes.
- Promoters Ankit Virendra Gupta and Chirag Narendra Chhajer are among OFS sellers listed in the draft.
What's Happening
- The chain specialises in Burmese cuisine in the premium Pan-Asian casual dining segment.
- EBITDA rose to Rs 25.68 crore in FY26 from Rs 21.35 crore in FY25.
- Panthomath Capital Advisors is the sole book-running lead manager to the issue.
The Network On Filing Day
- Besides 22 restaurants, the company listed one delivery kitchen and three warehouses.
- Delivery contributed 10.76 percent of FY26 operating revenue.
- Investor sellers in the OFS include Negen Tech Opportunities Angel Fund and Venture Catalysts Angel Growth Fund.
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