The allotment status for the ₹210.00 crore Veegaland Developers IPO is expected to be announced today, September 16, 2026. Investors can check their IPO allotment status on the official websites of the NSE, BSE, and the IPO registrar, MUFG Intime India Private Limited.
Following the completion of the allotment process, the shares are tentatively scheduled to be listed on the NSE and BSE on September 18, 2026.
Explore other Upcoming IPOs on BSE and NSE.
[September 15, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
17.76x |
|
Non-Institutional Investors (NIIs) |
18.03x |
|
Retail Individual Investors (RIIs) |
9.24x |
|
Total |
13.55x |
The company intends to utilise the net proceeds from the fresh issue towards:
Incorporated in 2007, Veegaland Developers Limited is a Kerala-based real estate developer focused on residential and mixed-use developments. A part of the V-Guard Group, the company primarily builds housing projects designed to serve a wide range of homebuyers across the state.
Its portfolio includes apartments, villas, and integrated residential communities. As of June 30, 2026, Veegaland had completed 10 projects, had 12 projects under development, and 3 upcoming projects in its pipeline. The company employed 127 full-time employees as of the same date.
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
250.98 |
192.38 |
110.77 |
|
EBITDA |
42.64 |
33.77 |
16.72 |
|
Profit After Tax (PAT) |
26.62 |
20.43 |
7.88 |
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