Shares of Vegorama Punjabi Angithi are set to make their stock market debut on Wednesday, with grey market trends indicating healthy listing gains for investors. According to market trackers, the IPO was commanding a grey market premium (GMP) of around 12% ahead of listing.Based on the issue price of Rs 77 per share, the GMP implies a likely listing price of around Rs 86 in the unofficial market. The BSE SME IPO had opened for subscription between May 20 and May 22, while the allotment was finalised on May 25. The shares are scheduled to list on the BSE SME platform on May 27.Vegorama Punjabi Angithi raised around Rs 38.38 crore through the public issue. The IPO comprised a fresh issue of 39.87 lakh shares aggregating to around Rs 30.7 crore and an offer for sale of 9.96 lakh shares worth around Rs 7.68 crore.The company had fixed the price band at Rs 73-77 per share, while the final issue price was set at Rs 77 apiece.Ahead of the IPO, the company had raised around Rs 10.9 crore from anchor investors. Vegorama Punjabi Angithi operates in the food and restaurant segment and focuses on vegetarian dining formats.The company plans to use the IPO proceeds for business expansion and general corporate purposes. The positive GMP reflects continued investor appetite for SME IPOs despite broader market volatility and selective participation in smaller public issues.Grey market premiums are unofficial indicators of investor sentiment and do not guarantee actual listing performance.Corporate Makers Capital was the book-running lead manager to the issue, while Bigshare Services acted as the registrar. Pace Stock Broking Services was the market maker.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)