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.
What happened
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
Key facts
- price band ₹73-₹77
- issue size ₹38.38 crore
- fresh issue ₹30.7 crore
- OFS ₹7.68 crore
- anchor ₹10.9 crore
- GMP +₹8
- Day 1 subscription 76%
- retail 89%
- NII 90%
- QIB 41%
- 19 cloud kitchens
- 2 fine-dining outlets
Why this matters
A Delhi-NCR regional QSR going public at sub-₹40cr creates a listed comparable for North Indian cloud-kitchen roll-ups, opening a cleaner valuation benchmark for any tuck-in or franchise-led acquisition conversations in the segment.