Veegaland Developers IPO

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Veegaland Developers IPO Details

  • Bidding Date

    10-Sep-2026 to
    15-Sep-2026

  • Issue Size

    ₹210 Cr

  • Price Band

    ₹130 to ₹140

  • Allotment date

    16-Sep-2026

  • Listing date

    To be updated

  • Lot size

    107

  • No. of shares

    1,50,00,000

  • Fresh issue/OFS

    ₹210 Cr /--

About Veegaland Developers Company

Veegaland Developers, incorporated in August 2007 and operating under the “Veegaland Homes” brand, is a Kerala-focused residential real estate developer that has evolved from its first project in Kochi in 2011 into a multi-city developer active in Kochi, Thiruvananthapuram, Kozhikode and Thrissur. Its core business is planning, developing and selling multi-storied residential apartment projects across mid-premium, premium, ultra-premium, luxe and ultra-luxury segments, with a portfolio that includes completed, ongoing and upcoming projects covering over 34 lakh sq ft of saleable area. The company follows an integrated development model encompassing land identification, project planning, construction monitoring, sales and customer handover, while outsourcing actual construction to third-party civil contractors and relying on external consultants for architectural and engineering design; an in-house team of engineers handles project monitoring, quality control and regulatory compliance. A distinguishing strength is its reported 100% sales absorption across 692 completed units and recognition as Kerala’s fastest-selling residential developer as of December 2025, supported by a focus on premium-to-ultra-luxury housing and RERA-registered projects. Its principal customers are homebuyers ranging from first-time buyers and upper-middle-class families to high-net-worth individuals, and its engagement approach emphasizes value-driven, quality-focused apartments with nature-friendly design, aiming to address customer expectations for timely delivery, compliance and living standards in Kerala’s residential market.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    0.1x

  • Retail

    0.4x

  • Others

    --

  • Total

    0.2x

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Recent IPOs

Name Price Band (Rs) Bidding Date
Maharaja & Speedex India 177 - 186 10-Sep-2026 to 15-Sep-2026
Veegaland Developers 130 - 140 10-Sep-2026 to 15-Sep-2026
Panchatv Bharat 140 10-Sep-2026 to 15-Sep-2026
Raksan Transformers 258 - 273 10-Sep-2026 to 15-Sep-2026
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FAQs for Veegaland Developers IPO.

The issue size of Veegaland Developers is ₹210.00 Cr.

Veegaland Developers falls into Construction & Engineering industry.

The open and close dates for the Veegaland Developers are 10-Sep-2026 & 15-Sep-2026.

The price band for the Veegaland Developers ipo is ₹130 to ₹140

The purpose of this IPO is to raise fresh capital.

Veegaland Developers total subscription ratio is 0.2X.

Key financial of the Veegaland Developers are:


Veegaland Developers FY-26 FY-25 FY-24
Revenue (₹ Cr) 250.98 192.38 110.77
EBIT (₹ Cr) 42.52 36.8 17.9
Proft after Tax (₹ Cr) 26.61 20.43 7.87
Debt (₹ Cr) 85.59 176.97 120.23
Net Worth (₹ Cr) 266.9 65.44 45.07
RoE (%) 9.97 31.21 17.46