Vegorama Punjabi Angithi SME IPO opened for subscription on Tuesday, May 20, 2026, with the grey market premium (GMP) holding at Rs 15 in the latest update.
With the upper price band fixed at Rs 77 per share, the estimated listing price based on the current GMP stands at Rs 92, implying a potential listing gain of nearly 19.48%.
According to available market data, the IPO was subscribed 0.02 times in the early hours of bidding on May 20.
The SME IPO, proposed to be listed on the BSE SME platform, consists of a total issue size of Rs 38.38 crore. The IPO will close for subscription on May 22, while the tentative listing date has been fixed as May 27, 2026.
The price band for the IPO has been fixed at Rs 73 to Rs 77 per share.
Grey market activity for the IPO has strengthened over the past few sessions. The GMP, which was at Rs 0 on May 14 and May 15, increased to Rs 6 on May 16, Rs 7.5 on May 17 and further climbed to Rs 15 by May 18, where it has remained steady over the last few sessions.
Based on the latest GMP trend, the estimated profit per lot in the grey market is currently around Rs 24,000.
Vegorama Punjabi Angithi operates in the restaurant segment and the IPO has been launched under the SME category.
Disclaimer: GMP (Grey Market Premium) is unofficial market information and should not be considered as a recommendation to apply for the IPO. GMP data is based on market speculation and can change rapidly. Investors should conduct their own research before making investment decisions.