Author: Nishtha Mehrotra | EQMint
Synopsis
- Hunger Pangs, operator of Burma Burma Restaurant & Tea Room, has filed draft IPO papers with SEBI.
- The proposed IPO includes a fresh issue of up to ₹150 crore and an offer for sale of 2.79 crore shares.
- Proceeds will support restaurant expansion, while the company reported 46.56% revenue growth in FY26.
The Hunger Pangs IPO has moved forward with the company filing draft papers with the Securities and Exchange Board of India (SEBI) on 16 October 2026. Hunger Pangs operates the Burma Burma Restaurant & Tea Room chain, specializing in Burmese cuisine.
The proposed IPO comprises a fresh issue of equity shares worth up to ₹150 crore and an offer for sale (OFS) of up to 2.79 crore shares by existing shareholders. The fresh issue proceeds will be used to open new Burma Burma restaurants across India and for general corporate purposes.
As of 31 July 2026, Hunger Pangs operated 22 restaurants, one delivery kitchen and three warehouses across nine Indian cities. Its revenue from operations rose 46.56% to ₹155.50 crore in FY26, compared with ₹106.10 crore in FY25. EBITDA increased to ₹25.68 crore from ₹21.35 crore.
The company plans to expand its restaurant network and strengthen its delivery and direct-to-consumer businesses. The proposed IPO remains subject to the regulatory process, and the price band and opening dates have not been announced in the cited reports.
Disclaimer: This article is for information purposes only and is not investment advice.
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