Veegaland Developers IPO Day 1: Subscription Opens Today, 10 September 2026
- September 10, 2026
- Posted by: Harsh Piplani
- Category: IPO
Veegaland Developers IPO opens today, 10 Sep 2026, closes 15 Sep 2026. Price band Rs 130-140. Lot size 107 shares. Lists on NSE and BSE on 18 Sep.
Quick Answer
The Veegaland Developers IPO opens for subscription today, 10 September 2026, and will remain open until 15 September 2026. Veegaland Developers Limited is a Kerala based real estate developer operating under the ‘Veegaland Homes’ brand, part of the V-Guard Group, and is raising about Rs 210 crore entirely through a fresh issue. The price band is set at Rs 130 to Rs 140 per share, with a lot size of 107 shares, and the shares are proposed to list on both NSE and BSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
Veegaland Developers Limited, incorporated in 2007 and part of the V-Guard Group, has opened its IPO for subscription today, 10 September 2026. The Veegaland Developers IPO is a mainboard, book built issue worth about Rs 210 crore, comprising entirely a fresh issue of 1.5 crore shares, with no offer for sale component, and will remain open for bidding until 15 September 2026, a six day window spanning the coming weekend. The equity shares are proposed to be listed on both NSE and BSE.
The company plans, develops and sells multi storey apartment projects under the Veegaland Homes brand across Kochi, Thiruvananthapuram, Kozhikode and Thrissur, spanning mid premium to ultra luxury segments. As of June 2026, the company had 12 ongoing projects and 3 upcoming projects, and the fresh issue proceeds of the Veegaland Developers IPO are earmarked for construction of ongoing and future residential projects and land acquisition.
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Veegaland Developers IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 10 September 2026 |
| Close Date | 15 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 130 to Rs 140 per share |
| Lot Size | 107 shares |
| Issue Size | Rs 210 crore (entirely fresh issue) |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 16 September 2026 |
| Listing Date | 18 September 2026 |
Veegaland Developers IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,980 (1 lot, 107 shares) |
| Maximum retail application | Rs 1,94,740 (13 lots, 1,391 shares) |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Manager | Cumulative Capital Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Veegaland Developers IPO Share Reservation
The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 35 percent for retail individual investors, and not less than 15 percent for non-institutional investors. Retail bidders can apply for a minimum of 1 lot, or 107 shares, and up to 13 lots, or 1,391 shares.
Veegaland Developers IPO Subscription Status Day 1
Bidding for the issue has opened today, 10 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.
| Investor Category | Subscription Status, Day 1 (10 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Veegaland Developers IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 130 to Rs 140 band, in multiples of 107 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 15 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Veegaland Developers Limited
Veegaland Developers Limited, incorporated in 2007 and part of the V-Guard Group, plans, develops and sells residential apartment projects under the Veegaland Homes brand across Kerala, with a presence in Kochi, Thiruvananthapuram, Kozhikode and Thrissur. The company is promoted by Kochouseph Thomas Chittilappilly, who also promotes V-Guard Industries and Wonderla Holidays, and has reported sharp revenue and profit growth between FY24 and FY25 ahead of the issue.
Conclusion
The issue has opened for bidding today, 10 September 2026, backed by a sizeable project pipeline and the V-Guard Group parentage. Investors considering the issue should study the company financials, project execution track record and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Veegaland Developers IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 10 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.
When does the Veegaland Developers IPO open and close?
Ans. The issue opened for subscription today, 10 September 2026, and will close on 15 September 2026, a six day window that spans the coming weekend.
What is the Veegaland Developers IPO price band and lot size?
Ans. The issue price band is Rs 130 to Rs 140 per share, with a lot size of 107 shares. Retail investors must apply for a minimum of 1 lot, taking the minimum investment to about Rs 14,980 at the upper price band, and can apply for up to 13 lots, or 1,391 shares, worth about Rs 1,94,740.
What is the issue size and structure of the Veegaland Developers IPO?
Ans. The issue is entirely a fresh issue worth about Rs 210 crore, comprising 1.5 crore equity shares, with no offer for sale component.
How are shares reserved across investor categories in the Veegaland Developers IPO?
Ans. The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 35 percent for retail individual investors, and not less than 15 percent for non-institutional investors.
What is the Veegaland Developers IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Veegaland Developers IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 107 shares and your price within the Rs 130 to Rs 140 band, then approve the UPI mandate request on your phone before the daily cut off.
When will the Veegaland Developers IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 16 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 18 September 2026.
What does Veegaland Developers Limited do?
Ans. Veegaland Developers Limited plans, develops and sells multi storey apartment projects under the Veegaland Homes brand across Kochi, Thiruvananthapuram, Kozhikode and Thrissur in Kerala, spanning mid premium to ultra luxury residential segments.
Who are the registrar and lead manager for the Veegaland Developers IPO?
Ans. MUFG Intime India Pvt Ltd is the registrar for the issue, and Cumulative Capital Pvt Ltd is the book running lead manager for the issue.
