Burma Burma Parent Files DRHP For IPO With ₹150 Cr Fresh Issue
Hunger Pangs, the parent of restaurant chain Burma Burma, has filed its DRHP for an IPO comprising a fresh issue…
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.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Burma Burma Operator Files IPO Papers, Plans ₹150 Crore Fresh Issue To Expand Restaurant Network freepressjournal.in
- Burma Burma operator Hunger Pangs files IPO draft papers with SEBI thehindubusinessline.com
