Vegorama Punjabi Angithi IPO GMP Day 2 21 May 2026: Rs 15 GMP Holds 19.5% Implied Premium, Closes Tomorrow, Last Day to Apply

May 21, 2026
Posted by: Ankit Jaiswal
Category: IPO

The Vegorama Punjabi Angithi IPO is on Day 2 of its three-day subscription window today, 21 May 2026, and closes TOMORROW (22 May 2026) on BSE SME. The grey market premium stands at Rs 13 to Rs 15 today, implying an expected listing price of Rs 90 to Rs 92 — a 16.9 to 19.5 percent premium over the Rs 77 upper band. IPOGuru confirms the GMP at Rs 15 (19.5% premium, expected listing Rs 92). India IPO confirms GMP at Rs 15 with expected listing Rs 92 (+19.48%). This makes Vegorama Punjabi Angithi the highest-GMP IPO open for subscription this week among Day 1 and Day 2 issues.

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Table of Contents

Vegorama Punjabi Angithi IPO Day 2 Key Data

Subscription Day: Day 2 of 3 (Penultimate day)
Open Date: 20 May 2026
Close Date: 22 May 2026 (TOMORROW — LAST DAY)
Allotment: 25 May 2026
Listing: 27 May 2026 on BSE SME
Price Band: Rs 73 to Rs 77 per share
Issue Size: Rs 38.38 crore (Fresh 39.87L + OFS 9.96L = 49.84L shares)
Lot Size: 1,600 shares | Minimum Retail: 3,200 shares = Rs 2,46,400
GMP Day 2 (IPOGuru): Rs 15 (19.5% premium, expected listing Rs 92)
GMP History: Rs 0 on 15 May, Rs 13 on 18 May, Rs 15 on 21 May (rising trend)
Day 2 Subscription: 0x (data building — early hours standard for SME)
Anchor Investors: Rs 10.90 crore raised on 19 May 2026

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GMP Rising Trend: What Rs 15 Means on Day 2

The Vegorama Punjabi Angithi GMP has risen from Rs 0 (15 May) to Rs 13 (18 May) to Rs 15 (today, 21 May) — a rising trend over six days. A rising GMP during the subscription period, especially before QIB data is visible, suggests genuine grey market demand for the cloud kitchen QSR growth story. At Rs 15 GMP on the Rs 77 upper band: expected listing Rs 92, potential gain of Rs 15 x 3,200 shares (minimum lot) = Rs 48,000 on Rs 2,46,400 investment — a 19.5 percent return in 6 days (application to listing 22 to 27 May).

Business Case: Why the GMP Is Rising

Vegorama Punjabi Angithi operates 27 cloud kitchens and 2 fine-dining restaurants in Delhi NCR under the Punjabi Angithi brand with 91 percent revenue from Swiggy and Zomato platforms. FY25 revenue grew 52.3 percent to Rs 75.09 crore and FY25 PAT grew 72.7 percent to Rs 9.98 crore with RoNW of 57.44 percent. The anchor investor participation of Rs 10.90 crore on 19 May confirms institutional validation. At 15.39x PE at issue price, the stock is attractively priced versus QSR sector peers. Closes TOMORROW. Apply today (Day 2) for best chance of full allotment before Day 3 rush.

FY25 Revenue: Rs 75.09 crore (+52.3% YoY) | FY25 PAT: Rs 9.98 crore (+72.7% YoY)
RoNW: 57.44% | PE: 15.39x at issue price | Anchor: Rs 10.90 crore raised
Key Risk: 91% revenue from Swiggy and Zomato (platform dependency). OFS component (9.96L shares).

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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FAQs

What is the Vegorama Punjabi Angithi IPO GMP on Day 2?

Ans. The Vegorama Punjabi Angithi IPO GMP is Rs 15 on Day 2 (21 May 2026) per IPOGuru, implying an expected listing price of Rs 92 — a 19.5 percent premium over the Rs 77 upper band. The GMP has risen from Rs 0 on 15 May to Rs 13 on 18 May to Rs 15 today, showing a consistent upward trend.

Is today the last day to apply for Vegorama Punjabi Angithi IPO?

Ans. No, tomorrow 22 May 2026 is the last day. Today (21 May) is Day 2. Apply today through your broker app to leave time for UPI mandate approval. Allotment is 25 May, listing is 27 May on BSE SME.

IPO GMP Day 2

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.