Burma Burma Operator Files IPO Papers, Plans ₹150 Crore Fresh Issue To Expand Restaurant Network
Mumbai: Hunger Pangs Ltd, the operator of Burma Burma Restaurant & Tea Room, has filed draft IPO papers with SEBI to fund its restaurant expansion across India. The proposed public issue combines a fresh equity issue of up to ₹150 crore with an offer for sale of up to 2.79 crore shares by existing shareholders, according to the draft red herring prospectus filed on Friday. Burma Burma IPO…
Burma Burma Restaurant & Tea Room chain operator Hunger Pangs Ltd has filed preliminary papers with SEBI for an IPO, aiming to expand its restaurant network across India. The proposed IPO includes 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.
Proceeds from the fresh issue will be used to set up new Burma Burma restaurants across India and for general corporate purposes. Hunger Pangs operates in the premium Pan-Asian casual dining segment, with its Burma Burma brand specialising in Burmese cuisine.
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- Burma Burma Parent Files DRHP For IPO With ₹150 Cr Fresh Issue inc42.com
- Burma Burma operator Hunger Pangs files IPO draft papers with SEBI thehindubusinessline.com
