The SME IPO of Vegorama Punjabi Angithi will open for subscription on Wednesday, with strong grey market activity indicating healthy investor interest ahead of the issue launch. According to market trackers, the IPO was commanding a grey market premium (GMP) of around 20% over the upper end of the issue price band, signalling expectations of positive listing gains in the unofficial market.
The BSE SME issue aims to raise around Rs 38.38 crore through a combination of fresh issue and offer-for-sale components. The IPO comprises a fresh issue of 39.87 lakh shares worth around Rs 30.7 crore and an offer-for-sale of 9.96 lakh shares aggregating to Rs 7.68 crore.
