Burma Burma parent Hunger Pangs files DRHP for ₹150 crore IPO
The restaurant operator plans to fund 27 new company-owned locations across India using proceeds from the primary issue.
Hunger Pangs, the parent company of restaurant chain Burma Burma, has filed a draft red herring prospectus for an initial public offering that features a fresh equity issue of up to ₹150 crore [1].
The proposed offering also contains an offer for sale of up to 2.8 crore shares, according to the regulatory filing [1]. Cofounders Ankit Gupta and Chirag Chhajer plan to sell up to 60 lakh shares each as part of the transaction [1]. The company indicated that remaining proceeds after project allocations will go toward general corporate activities [1].
Hunger Pangs plans to allocate ₹117.3 crore from the fresh issue to establish 27 company-owned Burma Burma outlets [1]. The company scheduled 12 restaurant openings for FY28 and 15 for FY29, with ₹10 crore earmarked in FY27 for site fit-outs and preliminary spending [1]. Identified markets for the upcoming rollout include Bengaluru, Surat, Jaipur, Kolkata, and Delhi [1].
Founded in 2013, Hunger Pangs launched its initial dining outlet in Mumbai in 2014 [1]. As of July 31, the business ran 22 locations across nine cities [1]. Operating revenue expanded 46.6% to ₹155.5 crore in FY26, compared with a net loss that widened to ₹15.4 crore from ₹50.5 lakh in FY25 [1].
Questions and answers
How will Hunger Pangs use the fresh issue proceeds?
Hunger Pangs earmarked ₹117.3 crore to open 27 company-owned Burma Burma restaurants, with the remainder reserved for general corporate purposes.
Where does Burma Burma plan to expand?
The chain identified Bengaluru, Surat, Jaipur, Kolkata, and Delhi as target cities for new locations.
Companies & investors in this story
Sources
- 1.Burma Burma Parent Files DRHP For IPO With ₹150 Cr Fresh Issue — Inc42, Oct 17, 2026