Veegaland Developers IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Construction
Incorporated in 2007, Veegaland Developers Ltd is a Kerala-focused residential real estate developer engaged in the planning, development, and sale of multi-storied apartment projects across the mid-premium, premium, ultra-premium, luxe, and ultra-luxury segments. Operating under the Veegaland…
Open Date
Thu, 10 Sep 2026
Close Date
Tue, 15 Sep 2026
Price Band
₹ 130 – 140
Lot Size
107
Issue Size
₹ 210.00 Cr
Minimum Investment
₹ 14,980 (107 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Veegaland Developers IPO is set to open its Initial Public Offering (IPO) for subscription on September 10, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹210.00 Crore, comprising a fresh issue of 1.50 Crore equity shares aggregating to ₹210.00 Crore.
The Veegaland Developers IPO will open for subscription on September 10, 2026, and close on September 15, 2026. The basis of allotment is expected to be finalized on September 16, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 18, 2026.
The company has fixed the price band at ₹130 to ₹140 per share, with a lot size of 107 shares. Retail investors will require a minimum investment of ₹14,980 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. Cumulative Capital Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Veegaland Developers IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 15, 2026.
Veegaland Developers IPO Timeline (Tentative)
- IPO Open Date
- Thu, 10 Sep 26
- IPO Close Date
- Tue, 15 Sep 26
- Basis of Allotment
- Wed, 16 Sep 26
- Initiation of Refunds
- Thu, 17 Sep 26
- Credit of Shares to Demat
- Thu, 17 Sep 26
- Listing Date
- Fri, 18 Sep 26 — BSE & NSE
Open Date
10 September 2026
Close Date
15 September 2026
Basis Of Allotment
16 September 2026
Listing Date
18 September 2026
IPO Subscription
Check Live Subscription →The Veegaland Developers IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 10 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 400.62 | 326.65 | 221.01 | 196.02 |
| Revenue | 125.14 | 196.22 | 114.61 | 110.08 |
| Profit After Tax | 11.29 | 20.37 | 7.83 | 14.48 |
| Net Worth | 251.73 | 65.44 | 45.07 | 37.24 |
| Reserve & Surplus | 217.98 | 60.44 | 40.07 | 32.24 |
| Total Borrowings | 48.57 | 176.97 | 120.23 | 122.15 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Veegaland Developers Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 36.96 | 19.12 | 48.44 |
| ROCE % | 13.75 | 9.85 | 14.88 |
| Debt / Equity | 2.7 | 2.67 | 3.28 |
| RoNW % | 36.96 | 19.12 | 48.44 |
| Pat Margin % | 10.41 | 6.87 | 13.2 |
Peers Comparison
No Peer Comparision Available
About Veegaland Developers Limited
Incorporated in 2007, Veegaland Developers Ltd is a Kerala-focused residential real estate developer engaged in the planning, development, and sale of multi-storied apartment projects across the mid-premium, premium, ultra-premium, luxe, and ultra-luxury segments. Operating under the Veegaland Homes brand, the company has established a presence in Kochi, Thiruvananthapuram, Kozhikode, and Thrissur, catering to first-time homebuyers, upper-middle-class families, and high-net-worth individuals.
The company follows an integrated, process-driven development model that combines outright land acquisitions with selective joint development agreements (JDAs), enabling efficient execution throughout the project lifecycle.
As of 30 June 2026, Veegaland Developers had a portfolio of 25 projects with a total saleable area of approximately 34.24 lakh sq. ft., comprising:
10 Completed Projects
12 Ongoing Projects
3 Upcoming Projects
The company has completed 10 residential projects spanning 11.05 lakh sq. ft. of saleable area, delivering 692 units (including 43 units allocated to landowners under JDAs). Notably, the completed portfolio has achieved 100% sales, while 63.62% of the saleable area in ongoing projects had already been sold.
For FY2026, Veegaland reported pre-sales of ₹405.82 crore and maintained a contracted order book of ₹909.42 crore, with pre-sales growing at a 40.12% CAGR between FY2024 and FY2026. The company also has a pipeline of 4.62 lakh sq. ft. of upcoming developments supported by 6.51 acres of land reserves.
As of 30 June 2026, the company employed 127 full-time employees.
Competitive Strengths
Strong track record of timely project execution and sales absorption.
Kerala-focused brand with an established presence across key cities.
Integrated, process-driven development model covering the entire project lifecycle.
Balanced portfolio of completed, ongoing, and upcoming projects.
Diversified land sourcing through outright acquisitions and joint development agreements.
Experienced promoters and an in-house management team with strong execution capabilities.
Veegaland Developers IPO Promoters
- Kochouseph Thomas Chittilappilly
- K. Chittilappilly Trust
Promoters Holding
Holding Pre Issue
92.00%
Holding Post Issue
0.00%
Veegaland Developers IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding a part of the expense to be incurred in the development of our Ongoing Projects and Upcoming Projects
- Acquisition of identified land parcel for development of residential real estate projects
- Funding unidentified acquisition of land and general corporate purposes
Veegaland Developers Limited Address / 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/
IPO Snapshot
Veegaland Developers IPO Lot Size
The Veegaland Developers IPO has a lot size of 107 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|
Issue Reservation
Book Running Lead Managers
- Cumulative Capital Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Veegaland Developers IPO?
Veegaland Developers IPO is a Book-building IPO with a total issue size of ₹210 crore. The Veegaland Developers IPO price band is ₹130 to 140 per share. The Veegaland Developers IPO subscription opens on Thu, Sep 10, 2026, and closes on Tue, Sep 15, 2026. The Veegaland Developers IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Veegaland Developers IPO.
When will the Veegaland Developers IPO open for subscription?
The Veegaland Developers IPO opens on Thu, Sep 10, 2026 and closes on Tue, Sep 15, 2026
What is Veegaland Developers IPO Price Band?
Veegaland Developers IPO Price Band is ₹130 to 140 per share.
What is Veegaland Developers IPO Lot Size?
Veegaland Developers IPO lot size is 107 shares, Retail investors need a minimum investment of ₹14980 based on the upper price band
What is the minimum investment for Veegaland Developers IPO?
The minimum investment for Veegaland Developers IPO is ₹14980, based on one lot of 107 shares at the upper price band of ₹140 per share.
How to apply for Veegaland Developers IPO?
Investors can apply for the Veegaland Developers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 15, 2026. The application amount remains blocked until the Veegaland Developers IPO allotment is finalized.
What is Veegaland Developers IPO Issue Size?
Veegaland Developers IPO issue size is ₹210 crores.
What is the Veegaland Developers IPO Allotment Date?
Veegaland Developers IPO allotment date is Wed, Sep 16, 2026.
Who is the Veegaland Developers IPO Registrar?
The registrar for Veegaland Developers IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Veegaland Developers IPO allotment status, refund processing, and other IPO-related information.
What is the Veegaland Developers IPO GMP?
The Veegaland Developers IPO GMP (Grey Market Premium) is ₹18 as of Wed, Sep 2, 2026. Based on the upper price band of ₹140 per share, the estimated Veegaland Developers IPO listing price is ₹158, indicating a potential listing gain of approximately 12.86% over the issue price.
Who is the Veegaland Developers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Veegaland Developers IPO are Cumulative Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Veegaland Developers IPO Red Herring Prospectus (RHP).