Veegaland Developers IPO Details Details

Veegaland Developers Limited is coming up with a book-built IPO of ₹210.00 crore, comprising entirely a fresh issue of 1.50 crore equity shares. The IPO will open for subscription on September 10, 2026, and close on September 15, 2026. The basis of allotment is expected to be finalized on September 16, 2026, while the shares are tentatively scheduled to list on the BSE and NSE on September 18, 2026. The company has fixed the price band at ₹130–₹140 per share. The minimum application size for retail investors is 107 shares, translating into a minimum investment of ₹14,980 at the upper end of the price band. Cumulative Capital Pvt. Ltd. is acting as the Book Running Lead Manager (BRLM) to the issue, while MUFG Intime India Pvt. Ltd. has been appointed as the Registrar. The proceeds from the fresh issue will provide capital to the company in accordance with the objectives outlined in its Red Herring Prospectus (RHP). Investors should review the RHP, including the company’s business model, financial performance, risk factors, competitive position, and proposed utilization of IPO proceeds, before making an investment decision.

IPO Details

IPO Date 10 Sep 26
Listing Date 18 Sep 26
Face Value ₹10 per share
Price Band ₹130 to ₹140
Lot Size 107
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹210 Cr
Fresh Issue
₹210 Cr
Offer for Sale
Share Holding Pre Issue 3,37,50,000 shares
Share Holding Post Issue 4,87,50,000 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII Shares Offered Not less than 15% of the Net Issue

About Veegaland Developers IPO Details.


Incorporated in 2007, Veegaland Developers Limited is a real estate development company primarily engaged in the development of residential, commercial, and mixed-use projects. The Company undertakes the entire development process, including project planning, construction, execution, and delivery, with a focus on quality construction, contemporary design, timely execution, and customer satisfaction. The Company has built a diversified project portfolio catering to different customer segments. Based on the stage of development, its portfolio comprises: Completed Projects: 10 Ongoing Projects: 12 Upcoming Projects: 3 As of June 30, 2026, Veegaland Developers had completed 10 residential projects, representing an aggregate saleable area of approximately 11.05 lakh sq. ft. These projects comprised 692 units, including 43 units allocated to landowners under Joint Development Agreements (JDAs). Veegaland Developers follows an integrated and process-driven development model, covering the entire project lifecycle from land sourcing and project planning to construction, sales, and delivery. The Company seeks to create sustainable and value-driven developments through efficient construction practices, a customer-centric approach, and adherence to applicable regulatory standards. As of June 30, 2026, the Company had 127 full-time employees, supported by an experienced promoter group and management team with strong in-house capabilities across key business functions. Competitive Strengths Established track record of timely project completion and healthy sales absorption across completed and ongoing projects. Integrated land-sourcing strategy supported by a balanced portfolio across different stages of development. Integrated and process-driven business model covering the entire real estate development lifecycle. Experienced promoters and management team, supported by strong in-house functional and execution capabilities.

Company Financials (Restated)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 483.81 326.65 221.01
Total Income 254.16 196.22 114.61
Profit After Tax 26.61 20.43 7.87
EBITDA 42.64 33.77 16.72
Net Worth 266.90 65.44 45.07
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects 119.83
2 Funding unidentified acquisition of land and general corporate purposes 0.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026 -
ROE 16.02%% -%
ROCE 11.89%% -%
Debt/Equity - -
RoNW 16.02%% -%
PAT Margin 10.47%% -%
EBITDA Margin 16.78%% -%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 7.89 -
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

  • MUFG Intime India Pvt.Ltd.
  • 022-49186000
  • veegalanddevelopers.ipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)


Lead Manager Reports

Contact Details

Veegaland Developers Ltd. Address
XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam, Kerala, 682021

IPO FAQs

  • What is the Aureate Tradde IPO?

    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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