Burma Burma operator Hunger Pangs files IPO draft papers with SEBI

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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