Vegorama Punjabi Angithi IPO Day 2: GMP ₹15
Welcome back to our daily deep dive into the Vegorama Punjabi Angithi SME IPO. As we enter Day 2 of its subscription period, the street is buzzing with anticipation, and we’ve got the latest numbers to dissect. While the excitement is palpable, the subscription figures are still showing zero across the board. Let’s break down what this means and what our current Grey Market Premium (GMP) is telling us.
| Date | GMP | Est. Listing |
|---|---|---|
| 26 May | +₹7 | ₹84 |
| 25 May | +₹7 | ₹84 |
| 23 May | +₹7 | ₹84 |
| 22 May | +₹4 | ₹81 |
| 21 May | +₹7 | ₹84 |
Subscription Status
As of the close of Day 1 and into Day 2, Vegorama Punjabi Angithi’s IPO is showing a subscription of 0x across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This might seem alarming at first glance, but it’s not entirely uncommon for SME IPOs, especially in their initial stages. Often, significant subscription activity picks up pace towards the latter half of the offering period. Investors tend to wait and watch, especially for smaller issues, before committing their capital. The absence of any bids yet could indicate a cautious approach from all investor segments, or simply that the main rush is yet to begin. We’ll be keeping a close eye on this as Day 2 progresses and into Day 3.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 27.79x | |
| NII / HNI | 64.28x | |
| QIB | 26.46x | |
| Total | 35.23x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 22 May | 27.79x | 64.28x | 26.46x | 35.23x |
| 21 May | 4.47x | 9.59x | 0.84x | 4.53x |
| 20 May | 1.61x | 2.09x | 0.69x | 1.45x |
GMP Update
Now, let’s talk Grey Market Premium (GMP). The current GMP for Vegorama Punjabi Angithi IPO stands firm at ₹15. This is unchanged from yesterday’s figures. For an IPO with an issue price of ₹73, a GMP of ₹15 suggests a potential listing price of around ₹88 (Issue Price + GMP). This projected listing price represents a healthy premium of approximately 20.5% over the issue price. The stability in GMP is encouraging, indicating that market sentiment remains positive and there’s a consistent demand in the unofficial market for the company’s shares. While it hasn’t surged, it hasn’t dipped either, which is a good sign for potential investors.
Should You Apply?
The decision to apply for the Vegorama Punjabi Angithi IPO hinges on a few key factors. On one hand, the stable GMP suggests a potential for a decent listing gain. The projected listing price of ₹88 is attractive, especially considering the issue price of ₹73. The lot size of 1600 shares means that a single lot would require an investment of ₹116,800 (1600 shares * ₹73). The current GMP implies a potential profit of ₹24,000 per lot (1600 shares * ₹15) on listing day, which is certainly appealing. However, the zero subscription across all categories on Day 2 is something to ponder. This could be a strategic move by investors waiting for the right moment, or it could signal a lack of immediate overwhelming interest. It’s crucial to remember that GMP is an unofficial indicator and doesn’t guarantee listing performance. As always, it’s advisable to conduct your own due diligence and consider consulting with a SEBI registered investment advisor before making any investment decisions. The IPO period runs until May 22, 2026, so there’s still time for the subscription numbers to pick up. The bottom line is, while the GMP is positive, the subscription data warrants a watchful eye.