Veegaland Developers IPO
IPO Listing Details
- Listing Date
18 Sep 2026
- Listing Price
₹151.00
- Listing Change
7.86%
- Last Traded Price
₹141.16
Veegaland Developers IPO Details
-
Open Date
10 Sep 2026
-
Close Date
15 Sep 2026
- IPO Price Range
₹ 130 to ₹140
- IPO Size
₹ 210.00 Cr
Veegaland Developers IPO Timeline
Veegaland Developers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-Sep-2026 | 0.48 | 0.42 | 0.89 | 0.67 |
| 11-Sep-2026 | 0.48 | 0.74 | 1.16 | 0.88 |
| 15-Sep-2026 | 19.13 | 19.41 | 9.95 | 14.60 |
Last Updated: 15 September 2026 6:39 PM by 5paisa
Veegaland Developers Limited is a real estate developer focused on residential, commercial and mixed-use projects. The company undertakes project planning, construction and execution, emphasising quality, modern design, timely delivery and sustainable practices. Its portfolio comprises 10 completed, 12 ongoing and three upcoming projects. As of 30 June 2026, Veegaland had completed 10 residential projects spanning 11.05 lakh square feet of saleable area, comprising 692 units across its developments.
Established in: 2007
Managing Director: Kochouseph Thomas Chittilappilly
Peers :
| Metric | Veegaland Developers Limited | Shriram Properties Limited | Puravankara Limited |
|---|---|---|---|
| Face Value | 10 | 10 | 5 |
| Revenue from Operations | 2509.76 | 12674.10 | 37298.30 |
| EPS (Basic) | 8.77 | 5.91 | 2.69 |
| EPS (Diluted) | 8.77 | 5.91 | 2.69 |
| P/E | - | 12.91 | 84.24 |
| RONW (%) | 16.02 | 7.16 | 3.23 |
| NAV | 79.08 | 85.55 | 75.37 |
Veegaland Developers Objectives
1. Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects
2. Funding unidentified acquisition of land and general corporate purposes
Veegaland Developers IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹210.00 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹210.00 Cr |
Veegaland Developers IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | 13,910 |
| Retail (Max) | 13 | 1,391 | 1,94,740 |
| S-HNI (Min) | 14 | 1,498 | 1,94,740 |
| S-HNI (Max) | 66 | 7,062 | 9,88,680 |
| B-HNI (Min) | 67 | 7,169 | 9,31,970 |
Veegaland Developers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 19.13 | 30,00,000 | 5,73,83,779 | 803.373 |
| Non-Institutional Buyers | 19.41 | 22,50,000 | 4,36,76,009 | 611.464 |
| bNII | 18.59 | 15,00,000 | 2,78,82,274 | 390.352 |
| sNII | 21.06 | 7,50,000 | 1,57,93,735 | 221.112 |
| Retail | 9.95 | 52,50,000 | 5,22,14,609 | 731.005 |
| Total** | 14.60 | 1,05,00,000 | 15,32,74,397 | 2,145.842 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 110.77 | 192.38 | 250.98 |
| EBITDA | 16.72 | 33.77 | 42.64 |
| PAT | 7.87 | 20.43 | 26.61 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 221.01 | 326.65 | 483.81 |
| Share Capital | 5.00 | 5.00 | 33.75 |
| Total Liabilities | 221.01 | 326.65 | 483.81 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 8.83 | -43.10 | -74.26 |
| Net Cash Generated From / (used in) Investing Activities | 1.87 | -0.24 | -19.80 |
| Net Cash Generated From / (used in) Financing Activities | -7.01 | 51.71 | 77.90 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 3.69 | 7.48 | -16.16 |
Strengths
1. Strong housing demand supported by rapid urbanisation
2. Government incentives improve accessibility and buyer confidence
3. Rising middle-class incomes support aspirational home ownership
4. Increasing formalisation strengthens transparency and institutional participation
Weaknesses
1. Construction cost volatility creates sustained margin pressures
2. Complex regulatory approvals can extend project timelines
3. Debt dependence increases liquidity and financing risks
4. Unsold inventory affects capital and financial health
Opportunities
1. Affordable housing offers significant long-term growth opportunities
2. PropTech adoption can enhance efficiency and experiences
3. Tier II and III cities offer expansion
4. Green housing demand supports sustainable project development
Threats
1. Economic volatility and interest rates impact demand
2. Intensifying competition creates pricing and margin pressures
3. Land disputes can delay project execution significantly
4. Environmental regulations may disrupt construction schedules unexpectedly
1. Established portfolio across completed and ongoing projects
2. Benefits from sustained residential housing demand growth
3. Focus on quality construction and timely delivery
4. Sustainable practices support evolving homebuyer preferences
India’s residential real estate sector benefits from sustained urbanisation, rising middle-class incomes and growing home ownership aspirations. Government housing initiatives, increasing formalisation and improved regulatory transparency further support sector development. Affordable and mid-income housing, expansion across Tier II and Tier III cities, and growing demand for sustainable developments present significant opportunities. Technology adoption across construction, sales and customer services could further enhance operational efficiency and support long-term growth across the industry.
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FAQs
Veegaland Developers IPO opens from September 10, 2026 to September 15, 2026.
The size of Veegaland Developers IPO is approximately ₹210.00 crore.
The price band of Veegaland Developers IPO is fixed at ₹130 to ₹140 per share.
To apply for Veegaland Developers IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Veegaland Developers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 107 shares, requiring an investment of approximately ₹ 13,910.
The share allotment date of Veegaland Developers IPO is September 16, 2026.
The Veegaland Developers IPO will likely be listed on September 18, 2026.
Cumulative Capital Pvt.Ltd is the book-running lead manager.
1. Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects
2. Funding unidentified acquisition of land and general corporate purposes