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Veegaland Developers Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹140
Per Share
GMP
+₹6
+4.29% Grey Market
Est. Listing
₹146
Expected Price
Min. Application
₹29,960
2 lots × 107 shares
IPO Issue Details
Issue Price / Price Band₹140 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size107 Shares per Lot
Total Issue Size1,50,00,000 shares (agg. up to ₹210 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital only
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 10 Sep 2026
Subscription CloseTue, 15 Sep 2026
Anchor AllotmentWed, 09 Sep 2026
Basis of AllotmentWed, 16 Sep 2026
Initiation of RefundsThu, 17 Sep 2026
Credit of Shares to DematThu, 17 Sep 2026
Listing DateTue, 15 Sep 2026
UPI Mandate Deadline5:00 PM on 15 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,980 — 107 shares
Retail — Max (13 Lots)₹194,740 (13 Lots)
HNI — Min (67 Lots)₹10,03,660 — 7,169 shares
EPS (Pre-IPO)₹7.89
EPS (Post-IPO)₹5.46
P/E Ratio (Pre-IPO)17.74x
P/E Ratio (Post-IPO)25.64x
Pre-IPO Promoter Holding3,37,50,000 shares
Post-IPO Promoter Holding4,87,50,000 shares
Fresh Issue Shares1,50,00,000 shares (agg. up to ₹210 Cr)
About Veegaland Developers Ltd

Incorporated in 2007, Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects. The company undertakes planning, construction, and execution of property developments. The company emphasizes quality construction, modern design, and timely project delivery. Its portfolio typically includes housing projects, commercial complexes, and integrated developments catering to diverse customer segments.Their business projects can be classified into the following categories based on the nature and description of each project:Completed Projects: 10 Completed ProjectsOngoing Projects: 12 Ongoing ProjectsUpcoming Projects: 3 UpcomingVeegaland Developers Limited aims to create sustainable and value-driven properties by adopting efficient construction practices, customer-centric approaches, and compliance with regulatory standards in the real estate sector.As of June 30, 2026, The Company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area. These comprised of 692 units (including 43 units allocated to landowners under JDAs).As of June 30, 2026, the company had employed 127 full-time employees.Competitive Strengths:Established track record of timely completion and sales absorption across completed and ongoing projectsIntegrated land source approach and balanced multi-stage development portfolioIntegrated and process-driven development model covering the entire project lifecycleExperienced Promoters and competent management team supported by strong in-house functional capabilities

Objects of the Issue

Veegaland Developers Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects
119.83
2
Funding unidentified acquisition of land and general corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 3,37,50,000 shares
Post-IPO Promoter Holding 4,87,50,000 shares
Lock-in Period (30%)Fri, Oct 16, 2026
Lock-in Period (50%)Tue, Dec 15, 2026
Check AllotmentCheck Status →
Veegaland Developers Ltd — Live Price LIVE
₹140.00
INR · BSE
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Issue ₹140.00 GMP: +₹6 (+4.29%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹140
GMP+₹6
Est. Listing₹146
Lot Size107 shares
Min Amount₹29,960
Listing Date15 Sep 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹140
Listing Date15 Sep 2026
Listing Price—
Listing Gain/Loss—%
52-Week High—
52-Week Low—
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 7,500,000 — ₹105.00 Cr 8.54x
NII / HNI 2,250,000 — ₹31.50 Cr 19.14x
Retail (RII) 5,250,000 — ₹73.50 Cr 9.70x
TOTAL 15,000,000 100.00% ₹210.00 Cr 10.54x
* Based on ₹140.00 (upper price band)
Day-wise Subscription
QIB
8.54x
NII / HNI
19.14x
Retail
9.70x
Total
10.54x
Subscribed
Lot Size & Investment Details
Lot Size
107
Shares
Issue Price
₹140.00
Per Share
Min Investment
₹14,980
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 107 ₹14,980
Retail (Max) 13 1,391 ₹194,740
sNII (Min) 14 1,498 ₹209,720
bNII (Min) 68 7,276 ₹1,018,640
Company Financials — Restated Consolidated (Amount in ₹ Crores)
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 254.16 196.22 114.61
EBITDA 42.64 33.77 16.72
Profit After Tax (PAT) 26.61 20.43 7.87
Net Worth 266.90 65.44 45.07
Total Assets 483.81 326.65 221.01
Reserves & Surplus 233.15 60.44 40.07
Total Borrowings 85.59 176.97 120.23
Key Ratios & Valuation
Issue Price ₹140
Face Value ₹10 Per Share
P/BV 1.77
RoE 16.02
RoCE 11.89
RoNW 16.02
PAT Margin (%) 10.47
EBITDA Margin (%) 16.78
Debt / Equity 0.32
Company Details
Company
Veegaland Developers Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam, Kerala, 682021
Book Running Lead Managers
Cumulative Capital Pvt.Ltd
Book Running Lead Manager (BRLM)