Vegorama Punjabi Angithi IPO: Dates, price band 2026

What is happening

Vegorama Punjabi Angithi’s SME initial public offering (IPO) opened for subscription on 20 May 2026 and is scheduled to close on 22 May 2026. The issue is planned to list on the BSE SME platform, with multiple trackers placing the tentative listing date on 27 May 2026. The price band has been announced at ₹73 to ₹77 per equity share, and the face value is ₹10 per share. For retail applicants, the minimum application is 2 lots, with each lot consisting of 1,600 shares. At the upper end of the band, that translates to ₹246,400 as the minimum retail application amount.

Issue size and shares on offer

The company is raising ₹38.38 crore through the IPO, with 49.84 lakh shares offered, as stated in the provided data. Separate issue composition data also appears in the source text, listing “Fresh Offer 30.7 Cr Shares (80%)” and “Offer For Sale 7.68 Cr Shares (20%)”. Since the provided text contains multiple share-count formats and totals that do not reconcile within the same snippet, the most consistent and clearly stated primary figure in the material is the headline offer size of 49.84 lakh shares and the fundraise of ₹38.38 crore.

Key IPO dates investors are tracking

The schedule in the provided information is largely consistent across sources for opening, closing, allotment, and listing. Allotment is repeatedly described as “tentative” or “expected” on 25 May 2026, and listing is described as “tentatively scheduled” on 27 May 2026.

Price band, face value, and retail lot details

Vegorama Punjabi Angithi has set the IPO price band at ₹73 to ₹77 per share, with a face value of ₹10. The retail minimum application is 2 lots, and each lot is 1,600 shares. Using the upper price of ₹77, the minimum retail ticket size works out to ₹246,400, matching the number stated in the provided text. These application parameters matter because SME IPOs typically have higher minimum ticket sizes than mainboard issues, and the lot structure directly affects how many shares a retail investor can request in a single application.

Subscription: multiple snapshots reported

The material provided includes several subscription snapshots captured at different times and seemingly from different trackers. One set of figures shows overall subscription at 4.21x as of 21 May 2026, 06:31 PM, with QIB at 0.84x, NII at 7.09x, and RII at 4.47x. Another snapshot shows overall subscription at 4.45x, and also mentions “subscribed 4.45x as of May 22, 2026 09:59” with QIB at 0.84x, NII at 9.24x, and RII at 4.47x. The text also includes a separate set of numbers stating “11.42× Overall” along with category break-up (NII 14.58x, QIB 11.74x, RII 9.41x), plus another table claiming total subscription of 32.75x with category figures such as QIB 26.46x, RII 27.79x, and NII 47.49x.

Given these inconsistencies, readers should treat the subscription data as “reported snapshots” rather than a single definitive figure unless they match the final exchange bulletin. What is consistent across the lower set of snapshots is that the retail category is shown at 4.47x in multiple places, and QIB participation is shown at 0.84x in those same snapshots.

Grey Market Premium (GMP): range and implied listing indications

The provided text reports multiple GMP readings. One line states the GMP was ₹15.00 as of 19 May 2026, 09:54 AM, and uses the upper IPO price of ₹77 to indicate an expected price near ₹92 per share, implying a 19.48% gain. Elsewhere, the data shows a “Current GMP ₹3 (previous GMP ₹5)” without a timestamp, and another line mentions a “₹6 (7.79%) GMP”. Another reference says “IPO GMP today is +5” and estimates a listing price of ₹82, which is 6.49% higher than ₹77. The text also mentions that “the minimum GMP recorded is ₹0.00, while the maximum reaches ₹15.”

Because GMP is an informal indicator and the values in the provided material vary by source and timestamp, it is best read as sentiment tracking rather than a guaranteed listing outcome. Investors typically watch whether GMP is rising or falling into the close and near allotment, but the reported figures here show both higher (₹15) and lower (₹3-₹6) readings within the same coverage.

Allotment, refunds, and credit of shares

Allotment is repeatedly placed on 25 May 2026, described as expected or tentative. The schedule also includes initiation of refunds and credit of shares on 26 May 2026. These steps are important operational milestones for applicants, because they determine when blocked funds are released for non-allottees and when allottees see shares credited before the first day of trading.

What to watch on the tentative listing date

The tentative listing date mentioned across the text is 27 May 2026 on the BSE SME platform. With SME issues, early price discovery can be influenced by the final subscription mix (especially NII participation), allotment outcomes, and liquidity on the listing day. Since the provided text contains multiple reported subscription figures, investors will likely rely on the final, exchange-confirmed subscription and the basis of allotment details once published.

Why the numbers matter

The price band of ₹73-₹77 sets the reference point for all listing-day comparisons, and the lot size dictates the minimum capital required to participate. The reported issue size (₹38.38 crore) and the offered shares (49.84 lakh) indicate a relatively small float typical of SME offerings, which can sometimes amplify volatility post-listing. The variety of subscription and GMP snapshots in the data also highlights how quickly these indicators can change during an open issue, and why timestamps and source consistency matter when interpreting them.

Closing summary

Vegorama Punjabi Angithi’s SME IPO remains scheduled to close on 22 May 2026, with allotment expected on 25 May 2026 and a tentative BSE SME listing planned for 27 May 2026. Investors tracking the issue will focus on the final, exchange-confirmed subscription figures, the basis of allotment on 25 May, and updated GMP readings closer to listing day.