New Delhi, May 27 -- Vegorama Punjabi Angithi IPO listing: Shares of Vegorama Punjabi Angithi listed at a massive 53% premium over its initial public offering (IPO) price on the BSE SME today, defying market expectations.

Vegorama Punjabi Angithi share price debuted at Rs.118.10 as against its IPO price of Rs.77, resulting in a listing pop of Rs.41.10 or 53.38%. Soon after listing, the stock hit the 55 upper price band of Rs.124.

The listing exceeded expectations as signalled by the grey market premium or GMP. Vegorama Punjabi Angithi IPO GMP was Rs.9 earlier today, signalling a listing gain of 11.7%.

More to come.

Published by HT Digital Content Services with permission from MINT....