Veegaland Developers Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹130–140
- Lot size
- 107 shares
- Issue amount
- ₹210 cr
- Total subscription
- 14.6×
- Opens
- 10 Sept 2026
- Closes
- 15 Sept 2026
- Allotment
- 16 Sept 2026
- Listing
- 18 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 1,50,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,910
- Fresh issue
- ₹210 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,980
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,37,50,000
- Shares after issue
- 4,87,50,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 107 | ₹14,980 |
| sHNI | 14 | 1,498 | ₹2,09,720 |
| bHNI | 67 | 7,169 | ₹10,03,660 |
Share reservation
Subscription & GMP
Subscription by category
Reported 15 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 49,065 | 4,17,683 |
| HNIs(10L +) | 1,001 | 3,686 |
| HNIs (2-10L) | 501 | 10,075 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 42 | 803.37 |
| RETAIL | 73.5 | 731 |
| HNIs 2+ | 10.5 | 221.11 |
| HNIs 10+ | 21 | 390.35 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8.77 | 8.17 | 3.15 |
| ROE | 16.02 | 36.96 | 19.12 |
| ROCE | 11.89 | 13.75 | 9.85 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 15.96 | 0 | 0 |
| POST IPO(PE) | 25.64 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Veegaland Developers Limited | 15.96 | 0 | 10.00 | 79.08 | 16.02 | 8.77 |
| Shriram Properties Limited | 12.91 | 0 | 10.00 | 85.55 | 7.16 | 5.91 |
| Puravankara Limited | 84.24 | 0 | 5.00 | 75.37 | 3.23 | 2.69 |
Company information
Company profile
Veegaland Developers Limited is a real estate development company involved in building residential, commercial, and mixed-use properties, handling everything from planning to construction and project execution. The company focuses on delivering quality construction, modern designs, and timely completion while catering to different customer segments through housing and commercial projects. It follows a customer-focused and compliant approach to create sustainable and value-driven developments. As of October 2025, it has completed 10 residential projects with a total saleable area of 11.05 lakh square feet and operates with a workforce of around 100 employees.
Strengths
- Strong Housing Demand: Rapid urbanisation and migration to Tier I and Tier II cities are increasing long-term demand for housing, especially in the affordable and mid-income segments.
- Government Policy Support: Government initiatives such as PMAY-Urban, CLSS, ARHCs, GST benefits for affordable housing and RERA support the residential real estate sector by improving accessibility, transparency and buyer confidence.
- Growing Middle Class & Home Ownership Demand: Rising incomes and higher disposable income among the middle class are increasing the demand for quality homes across affordable, premium and luxury segments in major cities.
Risk factors
- Raw Material Price Volatility & Margin Pressure: Changes in the prices of cement, steel, sand, bricks and labour can increase construction costs, reduce project margins and cause delays or cash-flow issues.
- Complex Regulatory Approvals & Delays: Delays in approvals related to land use, environment, fire safety, utilities and municipal authorities can postpone project launches, increase costs and affect construction timelines.
- Dependence on Debt & High Leverage: Heavy reliance on debt can create financial pressure, especially during market slowdowns. Delays in sales collections or stricter lending conditions could affect project funding and completion.
Promoters
Kochouseph Thomas Chittilappilly
K. Chittilappilly Trust
Registrar & documents
Lead manager
Cumulative Capital Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam, Kerala, 682021
+91 484 258 4000
[email protected]Company website ↗Understanding VEEGALAND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.