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Vegorama Punjabi Angithi IPO | Analysis | GMP | Review

The creator analyzes the IPO of Vegorama Punjabi Angithi, a restaurant chain operating in Delhi NCR with cloud kitchens. The company plans to use IPO funds for expansion, including new restaurants and centralized kitchens. While the business model and recent financial performance show growth, concerns are raised about the IPO's valuation and the lead manager's past IPO performance.

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Specialty Restaurants is trading at a higher valuation (20x P/E) compared to Vegorama, suggesting Vegorama is undervalued.

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