Veegaland Developers IPO Day 3: Subscription Status, Timeline & Key Issue Details
The ₹210.00 crore Veegaland Developers initial public offering (IPO) entered its final day of public subscription today, September 15, 2026, with a price band of ₹130 to ₹140 per share. As of 10:55 A.M on the third day of bidding, the issue had been subscribed 2.67 times.
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 3 Subscription Status
[September 15, 2026, 10:55 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.45x |
|
Non-Institutional Investors (NIIs) |
3.49x |
|
Retail Individual Investors (RIIs) |
3.58x |
|
Total |
2.67x |
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 developer focused on residential and mixed-use projects. The company, part of the V-Guard Group, develops housing projects aimed at serving homebuyers across different segments.
Its portfolio includes apartments, villas, and integrated residential communities. As of June 30, 2026, Veegaland Developers had completed 10 projects, with 12 projects under development and another 3 projects in the pipeline. The company 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 |
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here