{
  "id": 15149433,
  "title": "Burma Burma owner Hunger Pangs files DRHP with SEBI",
  "url": "https://urgent.news/2026/10/17/burma-burma-owner-hunger-pangs-files-drhp-with-sebi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T07:30:07.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/burma-burma-owner-hunger-pangs-files-drhp-with-sebi/article71595721.ece"
  },
  "original_language": "en",
  "account": "Hunger Pangs Ltd, the operator of Burma Burma Restaurant and Tea Room chain, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering. The IPO aims to raise up to ₹150 crore through a fresh issue of shares and an offer for sale (OFS) of up to 2.79 crore shares by existing shareholders, including promoters Ankit Virendra Gupta and Chirag Narendra Chhajer, promoter group entity Bbigplas Poly Pvt Ltd, and various investor shareholders. The proceeds will be utilized for expanding the restaurant network across India, exploring new brands and cuisines, and strengthening delivery and direct-to-consumer businesses. As of July 31, 2026, the company operates 22 restaurants and has seen a 46.56% increase in revenue from operations, reaching ₹155.50 crore in FY26.",
  "summary": "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",
  "key_points": [
    "Hunger Pangs Ltd files DRHP with SEBI for IPO",
    "Aims to raise up to ₹150 crore through share issue",
    "Proceeds to expand restaurant network in India"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}