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Veegaland Developers Ltd
Open NSE & BSE Bookbuilding IPO

Veegaland Developers Ltd IPO

GMP Today
+₹20
+14%
Issue Price
₹140
Est. Listing: ₹160
IPO Overview
Quick facts
Issue Price
₹140
Lot Size
107 shares
Min. Investment
₹14,980
Issue Size
1,50,00,000 shares (agg. up to ₹210 Cr)
Face Value
₹10
Issue Type
Bookbuilding IPO
Listing Exchange
NSE & BSE
Script Code
Important Dates
IPO Open
10 Sep 2026
Done
IPO Close
15 Sep 2026
Today
Allotment
16 Sep 2026
Refund Init.
17 Sep 2026
Demat Credit
17 Sep 2026
Listing Date
18 Sep 2026
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) 3000000 ₹—
NII / HNI (Non-Institutional) 2250000 67 ₹10,03,660
Retail (Individual) 5250000 1 ₹14,980
Fresh Issue 1,50,00,000 shares (agg. up to ₹210 Cr) ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 1 107 ₹14,980
HNI — sHNI 67 7,169 ₹10,03,660
Subscription Status
Live
Metric QIB NII Retail Total
Subscription 0.49 1.01 1.78 1.25
Shares 3000000 2250000 5250000 10500000
Bids 1457875 2271289 9347306 13076470
Financial Highlights

Amount in ₹ Crores

Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Revenue 254196114
PAT 26207
EBITDA 423316
Net Worth 2666545
Total Assets 483326221
Reserves 2336040
Borrowings 85176120
ROE
16
ROCE
11
RONW
16
PAT Margin
10
EBITDA Mgn
16
D/E Ratio
0
P/B Value
1
Pre EPS
7
Post EPS
5
Pre P/E
17
Post P/E
25
Objects of 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
About Veegaland Developers Ltd

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.

Competitive 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
Apply for This IPO
₹140
Min. ₹14,980 · 107 shares/lot
Expected Listing ₹160
GMP +₹20 (+14%)
Close Date 15 Sep 2026
Apply Now — Open
Pre-Issue
3,37,50,000 shares
Post-Issue
4,87,50,000 shares
Company Contact
Registrar
MUFG Intime India Pvt.Ltd
  • 022-49186000
  • veegalanddevelopers.ipo@in.mpms.mufg.com
Lead Managers
  • Cumulative Capital Pvt.Ltd
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