# Burma Burma operator Hunger Pangs files IPO papers with SEBI 2026-10-17T07:36:47+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Hunger Pangs Ltd, which operates the Burma Burma Restaurant & Tea Room chain, has filed preliminary papers with markets regulator SEBI for an initial public offering (IPO). The company aims to expand its restaurant network across India. 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, according to the draft red herring prospectus (DRHP) filed on Friday, 16 October 2026. The OFS includes shares offered by promoters Ankit Virendra Gupta and Chirag Narendra Chhajer, promoter group entity Bbigplas Poly Pvt Ltd, and investor shareholders including Negen Tech Opportunities Angel Fund, Venture Catalysts Angel Growth Fund and L V Angel Fund. Proceeds from the fresh issue will be used to set up new Burma Burma restaurants across India and for general corporate purposes. As of July 31, 2026, the company operated 22 restaurants, one delivery kitchen and three warehouses across nine cities. The company reported a 46.56% increase in revenue from operations to ₹155.50 crore in FY26 from ₹106.10 crore in FY25. Panthomath Capital Advisors is the sole book-running lead manager to the issue. ## Indian Opinion Analysis Both Fortune India and BusinessLine reported the Hunger Pangs IPO filing with nearly identical facts and neutral framing. Each led with the company name and the filing of draft papers, followed the same sequence of headline figures, the ₹150 crore fresh issue, the OFS of 2.79 crore shares, promoter details, revenue growth to ₹155.50 crore in FY26, and the appointment of Panthomath Capital Advisors. Neither source added independent commentary, context on the restaurant industry, or investor appetite. The coverage is uniform straight reporting from the DRHP. Readers should watch for SEBI’s clearance timeline and the price band when it is set. ## Coverage Coverage: 2 sources, 2 neutral - fortuneindia.com (neutral report) Straight DRHP summary with no editorial slant. - thehindubusinessline.com (neutral report) Wire-style factual report matching the DRHP text. This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Tags: Burma Burma, Hunger Pangs Ltd, SEBI Canonical: https://indianopinion.org/burma-burma-operator-hunger-pangs-files-ipo-papers-with-sebi/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/burma-burma-operator-hunger-pangs-files-ipo-papers-with-sebi/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/