Vegorama Punjabi Angithi IPO Day 1: ₹38.4cr SME issue books 76%, GMP ₹8 over ₹77 cap
Delhi-NCR North Indian QSR chain (19 cloud kitchens, 2 dine-in outlets) opens ₹38.38cr BSE SME IPO at ₹73-77 band. Day 1 demand led by retail (89%) and NII (90%); QIB lags at 41%. Anchor raised ₹10.9cr. Grey market premium signals modest ~10% listing pop.
Vegorama Punjabi Angithi, a Delhi-NCR North Indian QSR chain operating 19 cloud kitchens and 2 fine-dining outlets, opened its ₹38.38 crore BSE SME IPO at ₹73-77 band; Day 1 subscribed 76% with GMP of ₹8.
Why this matters
Follows the brand's anchor round at ₹77/share, where institutional investors committed ahead of the public issue. Day 1 retail and NII demand validates anchor pricing, though QIB participation remains soft.
Retail-company signals steady at 665 in last 90 days, reflecting consistent SME IPO and expansion activity.