VEEGALAND DEVELOPERS LIMITED
ListedReal Estate · Mainboard IPO · INE1JTV01015
Price band
₹130 – ₹140
Lot size
107 shares
Min. investment
₹14,980
Issue size
₹210 Cr
Face value
₹10
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
10 Sept 2026
Bidding closes
15 Sept 2026
Allotment
16 Sept 2026
Listing
18 Sept 2026
Final subscription
3,12,616
applications
₹1,679 Cr
bid value
| Category | Bid for | ₹ Cr* |
|---|---|---|
| Qualified Institutional (QIB) | 4,90,45,376 | 687 |
| Non-Institutional >₹10L (bNII) | 2,14,65,912 | 301 |
| Non-Institutional ₹2–10L (sNII) | 1,16,17,846 | 163 |
| Retail (RII) | 3,77,94,005 | 529 |
| Total | 11,99,23,139 | 1,679 |
Live category-wise demand from NSE only. Add each category's offered shares (from the RHP) in IPO Master to show the subscription (x) multiple.
About the company
Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects.
Issue details
Issue size
₹210 Cr
Fresh issue
₹210 Cr
Industry
Real Estate
Promoter holding (pre)
92%
Promoter holding (post)
63.69
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 114.61 | 196.22 | 254.16 Cr |
| EBITDA | 16.72 | 33.77 | 42.64 |
| Profit after tax | 7.87 | 20.43 | 26.61 Cr |
| Net worth | 45.07 | 65.44 | 266.9 Cr |
| Total assets | 221.01 | 326.65 | 483.81 |
| Total borrowing | 120.23 | 176.97 | 85.59 |
Objects of the issue
- Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects
- Funding unidentified acquisition of land and general corporate purposes
Strengths
- Established track record of timely completion and sales absorption across completed and ongoing projects
- Integrated land source approach and balanced multi-stage development portfolio
- Integrated and process-driven development model covering the entire project lifecycle
- Experienced Promoters and competent management team supported by strong in-house functional capabilities
Risks
- Dependence on the real estate market conditions which can be volatile
- Potential delays in project completion due to regulatory approvals
- Competition from other real estate developers
- Economic downturns affecting sales and profitability
Documents
Calculate your bid
At cut-off price ₹140
Lots
1
- Shares
- 107
- Amount
- ₹14,980
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login