Veegaland Developers IPO Day 2: Subscription Status, Timeline & Key Issue Details
The ₹210.00 crore Veegaland Developers initial public offering (IPO) entered its second day of public subscription today, September 11, 2026, with a price band of ₹130 to ₹140 per share. As of 10:05 A.M on the second day of bidding, the issue had been subscribed 0.68 times.
The IPO will remain open for subscription until September 15, 2026. The basis of allotment is expected to be finalised on September 16, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 18, 2026.
Veegaland Developers IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue only)
- Total Issue Size: Up to ₹210.00 crore
- Fresh Issue: Up to ₹210.00 crore
- Offer for Sale (OFS): Not Applicable
- Face Value: ₹10 per equity share
- Price Band: ₹130 to ₹140 per share
- Lot Size: 107 shares
- Minimum Investment Amount (Retail Investor): ₹14,980 (107 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Cumulative Capital Private Limited
- Registrar: MUFG Intime India Private Limited
Veegaland Developers IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
10 September 2026 |
|
Subscription Closing Date |
15 September 2026 |
|
Basis of Allotment Date |
16 September 2026 |
|
Refund Initiation Date |
17 September 2026 |
|
Credit of Shares |
17 September 2026 |
|
Listing on BSE and NSE |
18 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Veegaland Developers IPO Day 2 Subscription Status
[September 11, 2026, 10:05 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.45x |
|
Non-Institutional Investors (NIIs) |
0.41x |
|
Retail Individual Investors (RIIs) |
0.92x |
|
Total |
0.68x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding a part of the expense to be incurred in the development of its ongoing projects
- Funding unidentified acquisition of land and
- General corporate purposes.
About Veegaland Developers Limited
Incorporated in 2007, Veegaland Developers Limited is a Kerala-based real estate company engaged in developing residential and mixed-use projects. The company focuses on housing projects designed to cater to a diverse range of homebuyers and is part of the V-Guard Group.
Veegaland Developers has developed residential properties, including apartments, villas and integrated communities. As of June 30, 2026, the company had completed 10 projects, with 12 projects under development and 3 projects in the upcoming pipeline. It had 127 full-time employees as of the same date.
Key Financial Highlights
|
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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