AnandRathi

Veegaland Developers Ltd IPO

Mainboard

Price Band

₹130-140

Issue Size

₹210 Cr

Lot Size

107

Open Date

10 Sept 2026

Close Date

15 Sept 2026

Listing Date

18 Sept 2026

This IPO is Closed

Veegaland Developers Ltd IPO Timeline

Track key IPO dates — from opening and closing to allotment, refund, and listing.

IPO Open Date

10 Sept 2026

IPO Close Date

15 Sept 2026

Allotment Date

16 Sept 2026

Refund Date

17 Sept 2026

Credit to Demat

17 Sept 2026

Listing Date

18 Sept 2026

Veegaland Developers Ltd IPO Subscription Status

See how the issue is being subscribed across QIB, NII, Retail, and Employee categories.

DateQIBNIIRIIEmployeeTotal
10 Sept 20260.00x0.14x0.45x0.00x0.26x
11 Sept 20260.45x0.94x1.65x0.00x1.16x
15 Sept 202617.76x18.02x9.24x0.00x13.55x

Veegaland Developers Ltd IPO Financials

A quick look at revenue, EBITDA, profit, and net worth over the last three years.

YearTotal Revenue (Cr)EBITDA (Cr)PAT (Cr)Networth (Cr)EPS (₹)
FY26-03254.1642.6426.61266.908.77
FY25-03196.2233.7720.4365.448.17
FY24-03114.6116.727.8745.073.15

Veegaland Developers Ltd IPO Strengths

  • 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.

Veegaland Developers Ltd IPO Reservation

See what share of the issue is reserved for Retail, QIB, NII, and Anchor investors.

Retail35%
QIB20%
NII / HNI15%
Anchor Investors30%
CategoryShares Offered% of Total
Retail52,50,00035%
QIB30,00,00020%
NII / HNI22,50,00015%
Anchor Investors45,00,00030%
Total1,50,00,000100%

Veegaland Developers Ltd Registrar & Company Details

Registrar

MUFG Intime India Pvt Ltd

C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

+91 810 811 4949

veegalanddevelopers.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com

Company

Veegaland Developers Ltd

XXXV/564 4th Floor KCF Tower, Bharat Matha College Rd Kakka., Ernakulam, 682021

+91 484258 4000

cs@veegaland.in

CIN: U45201KL2007PLC021107

http://www.veegaland.com

Disclaimer

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