India, Oct. 20 -- Last week, Hunger Pangs Limited, the parent company of restaurant chain Burma Burma, filed its DRHP with SEBI, proposing a fresh issue of shares worth up to Rs.150 Cr and an offer for sale (OFS) of up to 2.79 Cr shares.

Hunger Pangs has 110 shareholders, including its promoters and public shareholders. Cofounders Ankit Gupta and Chirag Chhajer each hold a 33.35% stake in the company and plan to offload up to 60 Lakh shares each.

Negen Capital, through its Negen Undiscovered Value Fund and Negen Tech Opportunities Angel Fund, holds about 10% stake in the company. The investment firm first invested in Hunger Pangs in November 2022 and doubled down in 2023.

Hunger Pangs' shareholding remains concentrated, with its top ei...