Burma Burma operator files for IPO
By Abha Lohia ·
Burma Burma: revenue, valuation and funding and every story →
- Hunger Pangs runs Burma Burma, a premium casual-dining chain built around Burmese food and storytelling, with 22 restaurants
- It has filed draft IPO papers with the market regulator for a ₹150 crore fresh issue plus a sale of up to 2.79 crore shares
- Fresh money will open new outlets across India, while promoters and angel funds sell part of their holdings
What happened
- Hunger Pangs filed its draft prospectus with SEBI.
- The issue has a ₹150 crore fresh part.
- It also has an offer for sale of up to 2.79 crore shares.
- Promoters Ankit Gupta and Chirag Chhajer each sell up to 60 lakh shares.
Why it matters
- Fresh funds will open new restaurants nationwide.
- Early angel investors get a partial exit.
The business
- The chain serves Burmese cuisine in a premium setting.
- Its footprint covers 22 outlets, a cloud kitchen and a trio of storage hubs.
The founders
AG
Ankit Gupta
PromoterWho put in money
- Negen Tech Opportunities Angel Fund Selling shareholder
- Venture Catalysts Angel Growth Fund Selling shareholder
In numbers
22Restaurants · 2026
What happens next
- Regulator review before listing.
Other articles talking about it
Terms in this story
- Angel network: An angel network is a group of individual investors who find, screen and fund startups together. A syndicate is a smaller version: one lead angel brings a deal and others follow, usually through a single investment vehicle.
- IPO: An IPO, or initial public offering, is the first time a company sells its shares to the general public and gets listed on a stock exchange. In India the process is supervised by SEBI and ends with the shares trading on the NSE and BSE.
- DRHP: A DRHP, or draft red herring prospectus, is the document a company files with SEBI to say it plans an IPO. It is the first public look at the business, its numbers and its risks, and it is a draft: the price and the dates are not in it yet.
- Offer for sale: In a fresh issue, the company creates new shares and receives the money. In an offer for sale (OFS), existing shareholders sell shares they already own and the company receives nothing. Most Indian IPOs are a mix of the two.
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