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Vegorama Punjabi Angithi IPO 2026

Vegorama Punjabi Angithi IPO is an SME issue that opened for subscription on 20 May 2026 and is now listed. The issue aggregates ₹38.38 Cr.

Price Band
₹73–₹77
GMP
Subscription
Listing
27 May 2026

Overview

Vegorama Punjabi Angithi IPO is an SME issue that opened for subscription on 20 May 2026 and is now listed. The issue aggregates ₹38.38 Cr.

IPO Details

Vegorama Punjabi Angithi IPO is a Small and Medium Enterprise (SME) initial public offering scheduled to be listed on BSE SME. The issue has a price band of ₹73–₹77 per equity share with a lot size of 1600 shares, translating to a minimum retail investment of ₹1,23,200.

The issue aggregates ₹38.38 Cr, with the subscription window open from 20 May 2026 to 22 May 2026. Allotment is expected on 25 May 2026 and the equity shares are scheduled to list on 27 May 2026.

Type
SME
Status
listed
Price band
₹73–₹77
Face value
₹10 (typical)
Lot size
1600 shares
Min investment (Retail)
₹1,23,200
Issue size
₹38.38 Cr
Fresh issue
OFS
Exchange
BSE SME
ISIN
TBA

Market Lot

Retail investors must apply for a minimum of one lot and can apply up to the retail cap of ₹2 lakh. NII / HNI investors apply above ₹2 lakh.

ApplicationLotsSharesAmount
Retail (Minimum)11600₹1,23,200
Retail (Maximum)11600₹1,23,200
HNI / NII (Minimum)23200₹2,46,400

IPO Reservation

Per SEBI guidelines, Vegorama Punjabi Angithi IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIBUp to 50%Mutual funds, FIIs, banks
NII / HNIUp to 15%Bids ≥ ₹2 lakh
RetailAt least 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    20 May 2026 · Subscription opens
  2. Issue Close
    22 May 2026 · Subscription closes
  3. Allotment
    25 May 2026 · Basis of allotment finalised
  4. Refunds Initiated
    26 May 2026 · Funds released for non-allottees
  5. Listing Date
    27 May 2026 · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for Vegorama Punjabi Angithi is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

Vegorama Punjabi Angithi IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.

Allotment Status

Vegorama Punjabi Angithi IPO allotment will be finalised by the registrar (TBA) on 25 May 2026. Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

Listing Performance

Listing Price
₹118
Listing Gain
+53.38%
High
₹124
Low

Vegorama Punjabi Angithi listed on 27 May 2026 with a premium of 53.38% versus the issue price. Post-listing price performance depends on broader market conditions, company fundamentals, and demand from institutional and retail investors.

About Vegorama Punjabi Angithi

Vegorama Punjabi Angithi Limited, incorporated in March 2022, operates a quick-service restaurant (QSR) chain under the 'Punjabi Angithi' brand specialising in affordable North Indian and Punjabi-style cuisine. The QSR format targets the price-sensitive sit-down + takeaway customer segment between high-end dine-in restaurants (₹500+ per cover) and the unorganised street-food category, with typical per-customer ticket sizes in the ₹150-300 range. Indian QSR has been one of the structurally interesting consumer-discretionary verticals through 2022-26. Demand drivers include urban-population eating-out frequency rising post-COVID, the formalisation of casual-dining occasions, e-commerce delivery-platform integration (Zomato, Swiggy) extending QSR reach beyond walk-in customers, and the broader middle-class disposable-income expansion. Listed QSR peers Jubilant FoodWorks (Domino's), Sapphire Foods (KFC + Pizza Hut), Devyani International (KFC + Pizza Hut + Costa Coffee), and Restaurant Brands Asia (Burger King) all benefit from these tailwinds but operate in international-brand-franchise model rather than original-Indian-brand QSR. The ₹38 crore BSE SME IPO at ₹73-77 band opened 20-22 May, listed 27 May 2026. Listing performance was exceptional — opened at ₹118.10 (+53.38%) and immediately hit upper circuit at ₹124 (+61.04%). This is one of the strongest listing-day moves of any FY26 SME IPO.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in Vegorama Punjabi Angithi prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

The Vegorama Punjabi Angithi IPO proceeds will be utilised across multiple strategic objectives. Typical objects include capital expenditure for expansion, repayment of debt, general corporate purposes, working capital, and OFS by selling shareholders. Detailed breakdown with amounts will be updated here from the Red Herring Prospectus.

Financial Performance

Vegorama Punjabi Angithi's three-year financials — revenue, PAT, assets, net worth — will be displayed here based on audited numbers from the Red Herring Prospectus. Year-on-year growth, EBITDA margins, debt-to-equity progression, and RoNW together form the basis for valuation comparison.

Valuation Snapshot

Key valuation metrics for Vegorama Punjabi Angithi — RoE, RoCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW, NAV — will be updated based on FY25 numbers from the Red Herring Prospectus.

Peer Comparison

Listed peers in the Consumer Services sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
Jubilant FoodWorks (Domino's India)
Sapphire Foods
Devyani International

Anchor Investors

Anchor investor bidding for Vegorama Punjabi Angithi typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

Book-Running Lead Managers (BRLMs) for Vegorama Punjabi Angithi will be listed once confirmed in the Red Herring Prospectus. Lead managers oversee pricing, marketing, and underwriting — typically Kotak, ICICI Securities, Axis Capital, HDFC, SBI Caps, JP Morgan, or Citigroup.

IPO Registrar

The registrar for Vegorama Punjabi Angithi IPO will be confirmed in the Red Herring Prospectus. The registrar handles allotment, refunds, and dematerialisation of shares.

Editorial Review

Vegorama Punjabi Angithi listed on BSE SME on 27 May 2026 — 4 days ago — with one of the strongest debuts of any FY26 SME IPO. Opening price ₹118.10 (+53.38% over ₹77 upper band) and immediately hitting upper circuit at ₹124 (+61.04%) signals extraordinary listing-day demand. The business positioning is original-Indian-brand QSR — Punjabi Angithi serves affordable North Indian / Punjabi-style cuisine in the ₹150-300 ticket-size range. This is materially different from international-brand franchisees (Jubilant FoodWorks, Sapphire Foods, Devyani International) that dominate the listed QSR universe. Original Indian-brand QSR at scale is a relatively underbuilt category in Indian capital markets, which may explain part of the strong listing-day demand — investors looking for original-brand QSR exposure have very few listed options. What's working: extraordinary listing-day performance (+61.04% upper circuit on debut) is among the strongest of FY26; QSR category benefits from urban eating-out + delivery-platform tailwinds; original Indian-brand positioning differentiates from international-franchise peers; small absolute issue size (₹38 cr) means listing-day supply-scarcity supports price. What's concerning: very recent incorporation (March 2022, only ~4 years old) means limited multi-cycle track record; BSE SME structural liquidity constraints; QSR economics depend heavily on unit economics (per-store revenue, per-store EBITDA, payback cycle, same-store-sales growth) that are RHP-disclosure-dependent; listing-day upper circuit can compress quickly if institutional ownership doesn't follow through. Subscribe-equivalent post-listing — but with explicit risk-management discipline. The +61% listing day creates a price anchor that retail investors will be tempted to chase; new entry at upper circuit ₹124 implies a multiple expansion that requires meaningful FY26 quarterly earnings validation. For QSR-category SME investors, Vegorama is the rare original-Indian-brand option but the recent incorporation date suggests waiting for first 2-3 listed-quarter results before sizing meaningful allocation. Sizing very modest if at all at post-circuit levels.

How to Apply for Vegorama Punjabi Angithi IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select Vegorama Punjabi Angithi IPO during the bidding window (20 May 202622 May 2026).
  3. Enter bid details — minimum 1600 shares per lot. Retail investors are recommended to bid at cut-off price (₹77).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on 25 May 2026.
  7. Listing day — shares list on BSE SME on 27 May 2026.

Risk Factors

1. Very recent incorporation (March 2022) — only ~4 years operating history; multi-cycle track record limited. 2. BSE SME structural liquidity constraints. 3. QSR unit-economics dependency — per-store revenue, EBITDA, payback cycle, same-store-sales growth all critical metrics that are RHP-disclosure-dependent. 4. Listing-day upper-circuit price anchor — retail investors may chase prices that compress quickly if institutional ownership doesn't follow through. 5. Restaurant-category competitive intensity — Jubilant, Sapphire, Devyani, plus local Punjabi-cuisine chains all overlap on similar customer TAM.

Vegorama Punjabi Angithi IPO — FAQs

What is Vegorama Punjabi Angithi IPO?
Vegorama Punjabi Angithi IPO is a Small and Medium Enterprise (SME) initial public offering listing on BSE SME. The issue opens on 20 May 2026 and closes on 22 May 2026 with a price band of ₹73–₹77 per share.
What is the Vegorama Punjabi Angithi IPO price band?
The price band for Vegorama Punjabi Angithi IPO is ₹73–₹77 per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the Vegorama Punjabi Angithi IPO lot size?
The minimum lot size for Vegorama Punjabi Angithi IPO is 1600 shares per application. Minimum retail investment at the upper price band works out to approximately ₹1,23,200.
When is the Vegorama Punjabi Angithi IPO opening date?
Vegorama Punjabi Angithi IPO opens for subscription on 20 May 2026 and closes on 22 May 2026.
When is the Vegorama Punjabi Angithi IPO allotment date?
Basis of allotment is expected on 25 May 2026. Check your status on the registrar's website using your PAN.
When is the Vegorama Punjabi Angithi IPO listing date?
Vegorama Punjabi Angithi shares are expected to list on BSE SME on 27 May 2026.
What is the GMP of Vegorama Punjabi Angithi IPO?
GMP for Vegorama Punjabi Angithi is not currently tracked.
Who is the registrar of Vegorama Punjabi Angithi IPO?
The registrar is handling allotment, refunds, and dematerialisation for Vegorama Punjabi Angithi IPO.
How can I apply for Vegorama Punjabi Angithi IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately ₹1,23,200 (1 lot × 1600 shares at upper band).
Should I apply for Vegorama Punjabi Angithi IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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