Veegaland Developers IPO Gets 14.49x Bids on Final Day
Varda Khade
- 0 min read
Last Updated: 15th September 2026 - 04:54 pm
Veegaland Developers IPO was subscribed 14.49 times by 5:06 PM on Day 3, September 15, 2026. The public issue received bids for 15,21,89,952 shares against 1,05,00,000 shares available for subscription, based on the provided subscription data.
Non-Institutional Investors (NII) led the bidding on Day 3, with their reserved portion subscribed 19.39 times. The Qualified Institutional Buyers (QIB) portion was subscribed 19.13 times, while the Retail portion recorded 9.75 times subscription.
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| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (September 10) | 0.48 | 0.42 | 0.89 | 0.67 |
| Day 2 (September 11) | 0.49 | 1.01 | 1.78 | 1.25 |
| Day 3 (September 15) | 19.13 | 19.39 | 9.75 | 14.49 |
Here are the subscription details for Veegaland Developers IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 45,00,000 | 45,00,000 | 63.000 |
| QIB | 19.13 | 30,00,000 | 5,73,83,779 | 803.373 |
| NII | 19.39 | 22,50,000 | 4,36,20,155 | 610.682 |
| Retail | 9.75 | 52,50,000 | 5,11,86,018 | 716.604 |
| Total | 14.49 | 1,05,00,000 |
15,21,89,952 |
2,130.659 |
Key Highlights – Day 3
- Veegaland Developers IPO was subscribed 14.49 times overall by 5:06 PM on Day 3.
- The NII portion led the bidding at 19.39 times.
- The QIB portion was subscribed 19.13 times.
- The Retail portion recorded 9.75 times subscription.
Key Highlights – Day 2
- Veegaland Developers IPO was subscribed 1.25 times overall on Day 2.
- The Retail portion led the bidding at 1.78 times.
- The NII portion was subscribed 1.01 times.
- The QIB portion recorded 0.49 times subscription.
Key Highlights – Day 1
- Veegaland Developers IPO was subscribed 0.67 times overall on Day 1.
- The Retail portion led the bidding at 0.89 times.
- The QIB portion was subscribed 0.48 times.
- The NII portion recorded 0.42 times subscription.
About Veegaland Developers
Veegaland Developers Limited is a Kerala-based real estate developer focused on residential projects. As of June 30, 2026, the company had completed 10 projects, covering approximately 11.05 lakh sq. ft. and comprising 692 units, including 43 units developed under joint development arrangements. The company also had 12 ongoing projects and three upcoming projects, supporting its residential development pipeline.
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