Veegaland Developers Ltd IPO
Price Range
₹130 - ₹140
-
Min. Quantity
107 Shares
Closes on
September 15, 2026
-
Min. investment
₹14,980
Veegaland Developers Ltd IPO Timeline
| Event | Date |
|---|---|
| Veegaland Developers Ltd IPO Opening Date | September 10, 2026 |
| Veegaland Developers Ltd IPO Closing Date | September 15, 2026 |
| Basis of Allotment | September 16, 2026 |
| Initiation of Refunds | September 17, 2026 |
| Credit of Shares to Demat | September 17, 2026 |
| Veegaland Developers Ltd IPO Listing Date | September 18, 2026 |
Veegaland Developers Ltd IPO Details
| Veegaland Developers Ltd IPO Date | September 10, 2026 to September 15, 2026 |
| Veegaland Developers Ltd IPO Face Value | ₹10 per share |
| Veegaland Developers Ltd IPO Price | ₹130 to ₹140 per share |
| Veegaland Developers Ltd IPO Lot Size | 107 |
| Issue Size | Shares of ₹10 (aggregating up to ₹210 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹210 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Kochouseph Thomas Chittilappil, K. Chittilappilly Trust |
Veegaland Developers Ltd IPO Lot Size
The Veegaland Developers Ltd IPO lot size is 107 shares. A retail-individual investor can apply for up to 13 lots (1,391 shares or ₹1,94,740).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 107 | ₹14,980 |
| Maximum | 13 | 1,391 | ₹1,94,740 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Veegaland Developers Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2026 | 483.81 | 254.16 | 26.61 |
| 03-2025 | 326.65 | 196.22 | 20.43 |
| 03-2024 | 221.01 | 114.61 | 7.87 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding a part of the expense to be incurred in the development of its Ongoing Projects
- Funding unidentified acquisition of land and general corporate purposes
- General corporate purposes
Veegaland Developers Ltd IPO Promoter Holding
| Pre Issue Share Holding | 67.25% |
| Post Issue Share Holding | 46.56% |
Veegaland Developers Ltd IPO Subscription Status (Bidding Detail)
The Veegaland Developers Ltd IPO is subscribed 0 times on September 15, 2026 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Veegaland Developers Ltd IPO Prospectus
Veegaland Developers Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE1JTV01015 |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
XXXV/564 4th Floor KCF TowerBharat Matha College Rd Kakka.,Ernakulam-682021
Phone: +91 484258 4000
Email: cs@veegaland.in
Website: www.veegaland.com
Veegaland Developers Ltd IPO Registrar
Email: veegalanddevelopers.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com
Veegaland Developers Ltd IPO Lead Manager(s)
- Cumulative Capital Private Limited
How to Check the Allotment Status of Veegaland Developers Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Veegaland Developers Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Veegaland Developers Ltd IPO
Veegaland Developers Limited was originally incorporated as Vintes Solutions Private Limited', a private limited company dated August 10, 2007. Subsequently, the name of Company was changed from Vintes Solutions Private Limited' to Vintes Developers Private Limited' on October 22, 2010 and to Veegaland Developers Private Limited' dated August 11, 2011 and upon the conversion of Company to a public limited, it has changed to Veegaland Developers Limited' and a fresh certificate of incorporation dated November 6, 2025 is issued by Central Processing Centre.
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