Shares of Vegorama Punjabi Angithi made a robust market debut on Wednesday, listing at ₹118.10 against the IPO price of ₹77, resulting in a listing pop of ₹41.10 or 53.38%. The stock demonstrated strong momentum, hitting the 55 upper price band of ₹124 soon after listing. According to Business Standard, the scrip was frozen at its upper limit of 5% over the listing price, with the stock hitting a high of ₹124 and a low of ₹118.10. About 25.06 lakh shares changed hands at the counter during the trading session.
The BSE SME IPO had opened for subscription between May 20 and May 22, with the issue being subscribed 32.75 times. The company raised around ₹38.38 crore through the public issue, with the IPO comprising a fresh issue of 39.87 lakh shares aggregating to around ₹30.7 crore and an offer for sale of 9.96 lakh shares worth around ₹7.68 crore. The company had fixed the price band at ₹73-77 per share, while the final issue price was set at ₹77 apiece. Ahead of the IPO, the company raised around ₹10.9 crore from anchor investors, with the board allotting 14.16 lakh shares at ₹77 each to 5 anchor investors on May 19, 2026.
Founded in 2014, Vegorama Punjabi Angithi is a vegetarian food brand offering North Indian and multi-cuisine dishes. The company began as a cloud kitchen and takeaway service provider before expanding into corporate thali services, institutional catering and compact catering solutions for offices, parties and home gatherings. In 2024, the brand entered the fine dining segment with a focus on premium dining experiences, elegant ambience and a wider cuisine portfolio. As of February 28, 2026, the company's total workforce comprised 306 employees, including directors and promoters, but excluding independent directors. The company recorded revenue from operations of ₹105.05 crore and net profit of ₹9.04 crore for the period ended December 31, 2025.
The shares are scheduled to list on the BSE SME platform on May 27. Corporate Makers Capital served as the book-running lead manager to the issue, while Bigshare Services acted as the registrar. Pace Stock Broking Services was the market maker. The exceptional listing performance reflects strong investor confidence in the company's business model and growth prospects in the vegetarian dining segment. The company intends to utilise the net proceeds for capital expenditure for construction of banquet and fine dine restaurant, capital expenditure for construction of centralized kitchen, capital expenditure for roll out new cloud kitchen, capital expenditure for upgradation of the existing cloud kitchen facilities, general corporate purposes and issue expenses.
