Veegaland Developers Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Veegaland Developers Ltd IPO

We are a real estate development Company engaged in the planning, development and sale of multi-storied residential apartment projects in the state of Kerala, India. Our projects are developed across our mid-premium, premium, ultra-premium, luxe-series and ultra-luxury residential segments and are implemented in accordance with the applicable provision of RERA. We operate under our brand name `Veegaland Homes' and as on date we have undertaken projects in Kochi, Thiruvananthapuram, Kozhikode and Thrissur in the state of Kerala, India.

Veegaland Developers Ltd IPO Details

Total Shares Offered

₹ 1,50,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 52,50,000

Pre Issue Promoters Holding

₹ 3,10,48,500

Exchange

BSE

Issue size

₹ 210 Cr

IPO Open Date

Sep 10, 2026

Close Date

Sep 15, 2026

Lot Size

107

Min Investment

₹ 13,910

Issue Type

Book Building

Listing Date

Sep 18, 2026

Veegaland Developers Ltd IPO Dates

Sep 10, 2026

Opening date

Sep 15, 2026

Closing date

Sep 16, 2026

Basis of Allotment

Sep 17, 2026

Initiation of Refunds

Sep 17, 2026

Credit of Shares

Sep 18, 2026

Listing date

Details

Sector	Type
Sector	Construction
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	7.65x	7500000	57383779
NII	19.41x	2250000	43676009
Retail	9.95x	5250000	52214609
Employee	0x	0	0
Total	10.22x	15000000	153274397

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

7.65x

19.41x

9.95x

10.22x

7500000

2250000

5250000

15000000

57383779

43676009

52214609

153274397

Veegaland Developers Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	36.93	28.74	11.63
EBITDA	37.65	29.21	12.04
PAT	26.61	20.43	7.87
Total Assets	413.89	311.89	208.83
Share Capital	33.75	5.00	5.00
Total Borrowings	79.37	30.02	17.68
Operating Activities (Net Cash)	27.33	20.90	8.28
Investing Activities (Net Cash)	-0.26	0.00	0.00
Financing Activities (Net Cash)	79.37	30.02	17.68
Net Cashflow	33.20	36.69	29.22

About Veegaland Developers Ltd

Our Company was originally incorporated as `Vintes Solutions Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 10, 2007, issued by the Assistant Registrar of Companies, Kerala and Lakshadweep. Subsequently, pursuant to a special resolution passed by our shareholders dated September 28, 2010, the name of our Company was changed from `Vintes Solutions Private Limited' to `Vintes Developers Private Limited' to align the name of the Company with the objects of the Company and a fresh certificate of incorporation dated October 22, 2010, was issued by the Assistant Registrar of Companies, Kerala and Lakshadweep. Subsequently, pursuant to a special resolution passed by our shareholders dated July 29, 2011, the name of our Company was changed from `Vintes Developers Private Limited' to `Veegaland Developers Private Limited' in order to utilise the Veegaland brand name and a fresh certificate of incorporation dated August 11, 2011, was issued by the Registrar of Companies, Kerala and Lakshadweep. Upon the conversion of our Company to a public limited company pursuant to a special resolution passed by our shareholders dated September 30, 2025, the name of our Company was changed from `Veegaland Developers Private Limited' to `Veegaland Developers Limited' and a fresh certificate of incorporation dated November 6, 2025, issued by the Registrar of Companies, Central Processing Centre.

Peer Comparison:

Veegaland Developers Limited
Shriram Properties Limited
Puravankara Limited

Veegaland Developers Ltd Key Points

Strengths

Proven execution and complete sell-through in delivered projects - We have a demonstrated track record of completing residential projects within or ahead of RERA timelines, with 100% sell-through achieved in all completed projects.

Strong sales absorption across Ongoing Projects - Our Ongoing Projects have witnessed significant sales absorption during the construction phase, supporting milestone-based collections and revenue visibility.

Recognised sales velocity in core operating markets - According to the ICRA Report, we are ranked as Kerala's fastest-selling real estate developer, reflecting demand across our residential portfolio.

Improving sales performance and revenue visibility - Our sales value has grown at a CAGR of 45.10% from Fiscal 2024 to Fiscal 2026, supported by higher realizations.

Balanced portfolio across stages of development - Our portfolio comprises Completed, Ongoing and Upcoming projects, providing continuity of operations and visibility into future development activity.

Risk

The company's business is entirely concentrated in the state of Kerala, and its performance is therefore highly dependent on residential real estate market conditions, regulatory developments, economic factors and climatic events in Kerala, any of which could adversely affect its business, financial condition, results of operations and cash flows.

The timely execution and completion of the company's Ongoing and Upcoming Projects involve significant risks and uncertainties, and any delays, cost overruns or inability to complete such projects could adversely affect its business, results of operations and financial condition.

The company dependence on independent contractors and other specialist for construction and project execution may exposes it to risks relating to delays, cost overruns, quality issues and execution failures, which could adversely affect the company's business, financial condition, results of operations and cash flows.

Strategy

Ensuring timely execution of ongoing and Upcoming Projects.

Expansion through disciplined land acquisition and phased project development.

Strengthening product positioning with strategic expansion of the Luxe portfolio.

Deepening market presence through structured brand-building, multi-channel outreach and customer-centric sales initiatives.

Expanding our digital footprint to widen our market reach.

How To Apply for Veegaland Developers Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Veegaland Developers Ltd IPO?

Veegaland Developers Ltd's IPO offers shares for up to 210 It begins on Sep 10, 2026 and ends on Sep 15, 2026.

What is the price of the Veegaland Developers Ltd IPO?

The price of Veegaland Developers Ltd IPO ranges between ₹130 to ₹140 per share.

What are the open and close dates for the Veegaland Developers Ltd IPO?

The Veegaland Developers Ltd IPO opens on Sep 10, 2026 and closes on Sep 15, 2026.

When will the Veegaland Developers Ltd IPO be allotted?

The allotment for the Veegaland Developers Ltd IPO will be finalised on Sep 16, 2026. The shares will be listed on BSE and NSE on Sep 18, 2026.

What is the minimum lot size required for Veegaland Developers Ltd IPO?

The minimum lot size for Veegaland Developers Ltd IPO is 107 shares, priced between ₹130 to ₹140 per share.

What is the GMP of Veegaland Developers Ltd IPO?

The GMP (Grey Market Premium) of Veegaland Developers Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Veegaland Developers Ltd IPO?

To check the allotment status of Veegaland Developers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Veegaland Developers Ltd IPO getting listed?

The Veegaland Developers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 10, 2026, and closes on Sep 15, 2026. The allotment is finalised on Sep 16, 2026.

How do you apply for the Veegaland Developers Ltd IPO?

To apply for the Veegaland Developers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.