Veegaland Developers’ initial public offering (IPO) is set to open for subscription on September 10, 2026. According to the Red Herring Prospectus (RHP), the ₹210.00 crore book-built issue comprises a fresh issue of up to 1.50 crore equity shares, with no offer for sale (OFS) component.

The IPO will remain open until September 15, 2026. The basis of allotment is expected to be finalised on September 16, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 35% of the Net Issue
Retail Individual Investors (RII)	Not less than 15% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹140 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	107	₹14,980
Retail (Maximum)	13	1,391	₹1,94,740
sNII (Minimum)	14	1,498	₹2,09,720
bNII (Minimum)	67	7,169	₹10,03,660

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 development company engaged in the construction of residential and mixed-use projects. Part of the V-Guard Group, the company focuses on developing housing projects for a wide range of homebuyers.

Over the years, Veegaland Developers has established a presence in South India's real estate market by developing apartments, villas, and integrated residential communities. The company has 10 completed projects, 12 ongoing projects, 3 upcoming projects and 127 full-time employees as of June 30, 2026.

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