Veegaland Developers
18 Sep '26MAINBOARD
Min. Investment
₹13,910
Issue size
₹210 Cr
GMP
Locked
Overall subscription: 13.37x
Check allotment status
Expert verdict
IPO dates
10 Sep
Opening
15 Sep
Closing
16 Sep
Allotment
18 Sep
Listing
*Refunds will be initiated on 17 Sep '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| HNI (Min) | 14 | 1498 | ₹2,09,720 |
Subscription (as on 30 September 2026, 01:00 PM)
Overall13.37x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2007|MD: Kochouseph Thomas Chittilappilly
- Veegaland Developers is a real estate development company engaged in the planning, development and sale of multi-storied residential apartment projects in Kerala, India. The company develops residential projects across the mid-premium, premium, ultra-premium, luxe-series, and ultra-luxury segments under the ‘Veegaland Homes’ brand. Its projects are developed in accordance with applicable RERA provisions.
- Veegaland Developers has undertaken residential projects across different cities in Kerala. The company commenced its residential real estate operations in 2011 with the development of its first project, Green Clouds, in Kochi. The company carries out construction through independent third-party civil contractors, subcontractors, and vendors, while external consultants provide architectural, structural engineering, and MEP design services.
- The company’s in-house engineering team oversees project planning, supervision, quality control, and regulatory compliance.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Funding a part of the expense to be incurred in the development of the ongoing projects — Rs 119.82 crore
- Funding unidentified acquisition of land and general corporate purposes
Issue Details & Objective
Lot size
107 Shares
Price band
₹130 to 140
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 30.00%
QIB - 20.00%
HNI - 15.00%
Retail - 35.00%
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Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Veegaland Developers IPO is ₹210 Cr
The Veegaland Developers IPO will be open for applications from 10 Sep '26 to 15 Sep '26
The lot size of Veegaland Developers IPO is 107 Shares and its minimum investment amount is ₹13,910.
