Burma Burma parent Hunger Pangs files DRHP for Rs 150 Cr fresh issue

Hunger Pangs Limited, the operator of premium Burmese restaurant chain Burma Burma, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

The proposed IPO comprises a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of up to 2.79 crore shares by existing shareholders.

The promoters, Ankit Virendra Gupta and Chirag Narendra Chhajer, will each sell up…