🍽️ Vegorama Punjabi Angithi IPO Subscription Day 2 Report — 21 May 2026
The Vegorama Punjabi Angithi IPO is on Day 2 of subscription today, 21 May 2026, having opened on 20 May on BSE SME. This pure-veg restaurant and cloud kitchen brand under "Punjabi Angithi" is raising ₹38.38 crore at ₹73–₹77 per share. ⚠️ Issue closes TOMORROW 22 May 2026 — second-to-last day to apply. Allotment 25 May, listing 27 May 2026.
📊 Day 2 Subscription Status — Category Wise
• Overall Subscription: The Vegorama Punjabi Angithi IPO is subscribed 1.92 times overall as of 21 May 2026 (10:42 AM). The issue has already crossed the fully subscribed mark on Day 2 itself — a strong positive signal heading into the final day.
• Retail (RII) Category: Retail category subscribed 2.20 times as of Day 2 morning. Strong retail participation reflects genuine investor interest in this pure-veg F&B QSR brand with 91% digital-first revenue model.
• NII / HNI Category: NII category is the strongest at 2.90 times as of Day 2. HNI investors have shown clear conviction in this cloud kitchen play — expect NII to push higher on the final day tomorrow.
• QIB Category: QIB subscription stands at 0.69 times as of Day 2 morning. Institutional bids typically surge on the final day — QIB is expected to cross 1x by Day 3 close tomorrow (22 May).
• IPOView Day 2 Assessment: With 1.92x overall on Day 2 and NII already at 2.90x, this IPO is firmly on track for healthy final oversubscription. GMP has also spiked to ₹15 (+19.48%) — a significant upgrade from earlier ₹5 GMP. Investors who haven't yet applied should act today or tomorrow before close. Track live Vegorama Punjabi Angithi subscription updates on IPOView.
📈 Vegorama Punjabi Angithi IPO GMP Today — 21 May 2026
The Vegorama Punjabi Angithi IPO GMP today has jumped to ₹15 (+19.48%), indicating an expected listing price of ~₹92 against the upper band of ₹77. This is a significant upgrade from the earlier GMP of ₹5 and aligns well with the rising Day 2 subscription momentum. Track live Vegorama Punjabi Angithi GMP on IPOView.
🏭 Company Overview — Vegorama Punjabi Angithi Ltd
Vegorama Punjabi Angithi Limited was founded in 2014 and operates a multi-format pure vegetarian food services business. As of March 2026, the company runs 27 cloud kitchens and 2 fine-dining restaurants across Delhi NCR and Dehradun. Over 91% of FY25 revenue was generated through online food delivery platforms — a highly scalable and asset-light digital-first model. The company offers North Indian, Indo-Chinese, tandoori, and regional cuisines through multiple in-house brands including Punjabi Angithi, Chinese Veg Crunch, Dilli Tawa Parantha, Food of Dreams, and Swaad of Punjab. Promoted by Mr. Deepak Chadha. Anchor investors were allotted shares worth ₹10.90 crore on 19 May 2026.
📋 IPO Key Details
• Exchange: BSE SME
• Issue Type: Book-Built | Fresh Issue: ₹30.70 Cr (39.87 lakh shares) + OFS: ₹7.68 Cr (9.97 lakh shares)
• Issue Size: ₹38.38 Crore | Total: 49.84 lakh shares
• Price Band: ₹73 – ₹77 per share | Face Value: ₹10
• Lot Size: 1,600 shares | Min. Investment: ₹2,46,400 (2 lots = 3,200 shares)
• HNI Min. Investment: ₹3,69,600 (3 lots = 4,800 shares)
• Open Date: 20 May 2026 | Close Date: 22 May 2026 (TOMORROW — LAST DAY!)
• Allotment Date: 25 May 2026 | Listing Date: 27 May 2026
• Registrar: Bigshare Services Pvt. Ltd.
• Lead Manager: Corporate Makers Capital Ltd.
• Market Maker: Pace Stock Broking Services Pvt. Ltd.
💰 Financials — Key Numbers
• Revenue FY25: ₹10.21 Crore | Revenue FY24: ₹6.64 Crore (~54% YoY growth)
• PAT FY25: ₹8.22 Crore | PAT FY24: ₹4.64 Crore (~77% YoY growth)
• Online Revenue Share: 91%+ of FY25 revenue from food delivery platforms
• Outlets: 27 cloud kitchens + 2 fine-dining restaurants (as of March 2026)
• Employees: 306 as of March 2026
• Anchor Allotment: ₹10.90 Crore on 19 May 2026
✅ Should You Apply? — ⚠️ Last Day Tomorrow!
The Vegorama Punjabi Angithi IPO is delivering strong signals on Day 2 — 1.92x overall, NII already at 2.90x, and GMP jumping to ₹15 (+19.48%). The company's 91% digital revenue model, 77% PAT growth, and multi-brand cloud kitchen strategy are key positives. The issue is already oversubscribed and momentum is building. Tomorrow (22 May) is the final day — apply via UPI before 5 PM to ensure mandate confirmation in time. Track live Vegorama Punjabi Angithi subscription on IPOView.
Disclaimer: This is not investment advice. Please read the RHP carefully and consult your financial advisor before investing. GMP is unofficial and unregulated.