Veegaland Developers IPO Day 2: Subscription Status on 11 September 2026

The Veegaland Developers IPO has entered Day 2 of its bidding window, which opened on 10 September and closes on 15 September 2026, a six day window spanning the coming weekend. Veegaland Developers Limited, a Kerala based real estate developer under the V-Guard Group, is raising about Rs 210 crore entirely through a fresh issue, and the shares are proposed to list on both NSE and BSE.

Day 1 bidding for the issue closed with the issue subscribed 0.62 times overall, a moderate start for a mainboard real estate issue. Ahead of the opening, the company allocated 45 lakh equity shares to anchor investors at Rs 140 per share, raising Rs 63 crore. With four sessions still remaining, including the 15 September close, there is ample time for retail, non-institutional and institutional demand to build further.

Click Here – Get Free Investment Predictions

Veegaland Developers IPO Details

The table below sets out the key parameters of the issue.

Open Date	10 September 2026
Close Date	15 September 2026
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 Subscription Status Day 2

The table below shows the subscription trend for the issue through its bidding window so far.

Session	Overall Subscription
Day 1 close (10 Sep, 5 PM)	0.62 times
Day 2, so far (11 Sep)	Updating through the session

The issue has seen a measured start, which is not unusual for mainboard real estate issues where institutional and larger investor bids typically concentrate closer to the close. Investors should check the live NSE and BSE numbers as the session progresses.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Veegaland Developers IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 15 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 15 September close.

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.

Conclusion

The issue has had a measured start, running at 0.62 times through Day 1, with four sessions still remaining before the 15 September close for demand to build. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the Veegaland Developers IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 0.62 times overall on 10 September, and figures for Day 2, 11 September 2026, are updating through today's session on NSE and BSE.

When does the Veegaland Developers IPO close?

Ans. The issue closes for subscription on 15 September 2026, having opened on 10 September 2026, a six day window spanning 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, taking the minimum retail investment to about Rs 14,980 at the upper band.

Why has the Veegaland Developers IPO seen moderate subscription so far?

Ans. Subscription for the issue has stayed moderate through Day 1 at 0.62 times, which is common for mainboard real estate issues where institutional and larger investor bids typically concentrate closer to the 15 September closing day.

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.

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, entering your bid in multiples of 107 shares within the Rs 130 to Rs 140 band and approving the UPI mandate 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, with listing on both NSE and BSE tentatively scheduled for 18 September 2026.

What is the reservation split 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 does Veegaland Developers Limited do?

Ans. Veegaland Developers Limited, part of the V-Guard Group, plans, develops and sells residential apartment projects under the Veegaland Homes brand across Kochi, Thiruvananthapuram, Kozhikode and Thrissur in Kerala.