Veegaland Developers IPO Details
Veegaland Developers IPO Summary
Veegaland Developers IPO opens for subscription on 10 Sep 2026 and closes on 15 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 18 Sep 2026.
Veegaland Developers IPO price band has been fixed at ₹130 – ₹140 per share. The face value is ₹10 per share with a lot size of 107.
Veegaland Developers IPO total issue size comprises 1,50,00,000 shares (aggregating up to ₹210.00 Cr). This includes a fresh issue of 1,50,00,000 shares (aggregating up to ₹210.00 Cr). Pre-issue shareholding stands at 3,37,50,000, which will increase to 4,87,50,000 post-issue.
Veegaland Developers IPO carries a ₹8 (5.71%) GMP, reflecting investor sentiment.
Veegaland Developers IPO Lot Size :Retail Minimum is 1 lot (107 shares) amounting to ₹14,980. Retail Maximum is 13 lots (1,391 shares) amounting to ₹1,94,740. SHNI Minimum is 14 lots (1,498 shares) amounting to ₹2,09,720. SHNI Maximum is 66 lots (7,062 shares) amounting to ₹9,88,680. BHNI Minimum is 67 lots (7,169 shares) amounting to ₹10,03,660.
Veegaland Developers IPO Details
Veegaland Developers IPO Subscription
Veegaland Developers IPO Application Wise Breakup (Approx)
Veegaland Developers IPO Dates
- 10 Sep 2026Opening dateOpen
- 15 Sep 2026Closing dateClose
- 16 Sep 2026Allotment Date Allotment
- 17 Sep 2026Initiation of RefundsRefund
- 17 Sep 2026Credit of SharesCredit
- 18 Sep 2026Listing dateListing
Veegaland Developers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹1,94,740 |
| SHNI Minimum | 14 | 1498 | ₹2,09,720 |
| SHNI Maximum | 66 | 7062 | ₹9,88,680 |
| BHNI Minimum | 67 | 7169 | ₹10,03,660 |
Veegaland Developers IPO Reservation
Promoter Holding
Documents
Veegaland Developers IPO Valuations
Veegaland Developers Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 483.81 | 326.65 | 221.01 |
| Total Income | 254.16 | 196.22 | 114.61 |
| Profit After Tax | 26.61 | 20.43 | 7.87 |
| EBITDA | 42.64 | 33.77 | 16.72 |
| NET Worth | 266.90 | 65.44 | 45.07 |
| Reserves and Surplus | 233.15 | 60.44 | 40.07 |
| Total Borrowing | 85.59 | 176.97 | 120.23 |
| Amount in ₹ Crore | |||
About Veegaland Developers IPO
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 Projects
- Ongoing Projects: 12 Ongoing Projects
- Upcoming Projects: 3 Upcoming
Veegaland 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.
Strength Of Veegaland Developers IPO
- Proven execution and complete sell-through in delivered projects - We have a demonstrated track record of completing residential projects within or ahead of RERA timelines, with 100% sell-through achieved in all completed projects.
- Strong sales absorption across Ongoing Projects - Our Ongoing Projects have witnessed significant sales absorption during the construction phase, supporting milestone-based collections and revenue visibility.
- Recognised sales velocity in core operating markets - According to the ICRA Report, we are ranked as Kerala's fastest-selling real estate developer, reflecting demand across our residential portfolio.
- Improving sales performance and revenue visibility - Our sales value has grown at a CAGR of 45.10% from Fiscal 2024 to Fiscal 2026, supported by higher realizations.
- Balanced portfolio across stages of development - Our portfolio comprises Completed, Ongoing and Upcoming projects, providing continuity of operations and visibility into future development activity.
- Experienced Promoter and professional management team - Our operations are led by an experienced Promoter and professional management team supported by strong in-house execution capabilities.
Risk Of Veegaland Developers IPO
- Our business is entirely concentrated in the state of Kerala, and our performance is therefore highly dependent on residential real estate market conditions, regulatory developments, economic factors and climatic events in Kerala, any of which could adversely affect our business, financial condition, results of operations and cash flows.
- The timely execution and completion of our Ongoing and Upcoming Projects involve significant risks and uncertainties, and any delays, cost overruns or inability to complete such projects could adversely affect our business, results of operations and financial condition.
- Our dependence on independent contractors and other specialist for construction and project execution may exposes us to risks relating to delays, cost overruns, quality issues and execution failures, which could adversely affect our business, financial condition, results of operations and cash flows.
- Our revenues, profitability and return ratios fluctuate significantly over periods due to the projectbased and milestone-linked nature of our real estate development business, which may make periodto- period comparisons difficult
- We are subject to risks arising from increases in construction input costs, price volatility of key materials and potential disruptions in supply chains, which may adversely affect project execution, profitability, cash flows and financial condition.
- Our projects are subject to risks relating to obtaining, maintaining and renewing statutory and regulatory approvals and any delay, failure or withdrawal of such approvals could adversely affect our project timelines, business and financial performance.
- We cannot assure you that the Objects of the Issue will be achieved within the expected time frame, or at all, and any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Our business is capital intensive and requires us to incur upfront investment for land acquisition construction, regulatory approvals, and project management. Inability to fulfil our working capital requirements adequately could adversely affect our business, results of operations and financial condition.
- Demand for our residential projects is dependent on the availability and affordability of housing finance, as well as changes in taxation and stamp duty, and any adverse changes could affect our sales, cash flows and financial condition.
- Our Company has entered into, and will continue to enter into, related party transactions and there can be no assurance that such transactions will always be in the best interests of our minority shareholders and will not have an adverse effect on our business, results of operations, financial condition, cash flows and prospects.
Objectives Veegaland Developers IPO
1. Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects
2. Acquisition of identified land parcel for development of residential real estate projects
3. Funding unidentified acquisition of land and general corporate purposes
Company Contact Details
Veegaland Developers Ltd. Address
XXXV/564, 4th Floor,
K C F Tower, Bharat Matha College Road,
Kakkanadu, Thrikkakara,
Ernakulam, Kerala, 682021
Phone: +91 484 258 4000
Email: cs@veegaland.in
WebSite: https://www.veegaland.com/
Registrar Contact Details
Veegaland Developers FAQs
The Veegaland Developers IPO is a MAINBOARD public issue comprising 15000000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹210.00 Cr. The issue price has been fixed at ₹140 per equity share, and the minimum application size is 107 shares.
The IPO opens for subscription on 10 Sep 2026, and closes on 15 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹8 (5.71%).
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