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VEEGALAND DEVELOPERS IPO

NOW BOARDINGNSE, BSE · MAINBOARD · RESIDENTIAL, COMMERCIAL PROJECTS
INDICATIVE FARE / PRICE BAND
₹140
GMP +₹18 (+12.86%)
BAND & GMP INDICATIVE · GMP IS UNOFFICIAL MARKET CHATTER · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 02 SEPT 2026, 12:02 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹140
LOT SIZE
107 SHARES
ISSUE SIZE
₹210.00 CR
MIN INVESTMENT
₹14,980 · 107 SHARES
GMP · GREY MARKET
+₹18 (+12.86%)
RECORDED 02 SEPT 2026, 10:33 IST
P/E RATIO
17.74
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED1107₹14,980
RETAIL · MAXIMUM · COMPUTED131,391₹1,94,740
SMALL HNI · MINIMUM · AS PUBLISHED141,498₹2,09,720
SMALL HNI · MAXIMUM · COMPUTED667,062₹9,88,680
BIG HNI · MINIMUM · AS PUBLISHED677,169₹10,03,660
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹140 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
10 SEPT 26
NEXT STOP
CLOSES
15 SEPT 26
SCHEDULED
ALLOTMENT
16 SEPT 26
SCHEDULED
LISTING
18 SEPT 26
SCHEDULED
ANCHOR BIDDING09 SEPT 26REFUNDS INITIATED17 SEPT 26SHARES IN DEMAT17 SEPT 26ANCHOR LOCK-IN ENDS · 30 DAY16 OCT 26ANCHOR LOCK-IN ENDS · 90 DAY15 DEC 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
THE GREY MARKET · UNOFFICIAL

WHAT THE CHATTER IMPLIES.

INDICATIVE LISTING PRICE
₹158
UPPER BAND ₹140
GMP +₹18 (+12.86%)
RECORDED 02 SEPT 2026, 10:33 IST
This is a calculation, not a forecast or an investment recommendation. GMP is unofficial grey-market chatter — it is not a quote from any exchange, it changes through the day and it frequently does not match the eventual listing price.
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹210 CR
1,50,00,000 SHARES
TOTAL SHARES OFFERED
1,50,00,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

QIB
Not more than 50% of the Net Issue
NII (HNI)
Not less than 15% of the Net Issue
RETAIL
Not less than 35% of the Net Issue
CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
7.89
EPS · POST-ISSUE
5.46
P/E RATIO
17.74
P/E · POST-ISSUE
25.64
RONW
16.02%
ROCE
11.89%
ROE
16.02%
PAT MARGIN
10.47%
EBITDA MARGIN
16.78%
PRICE / BOOK
1.77
NAV PER SHARE
₹79.08
DEBT / EQUITY
0.32
MARKET CAP
₹682.5 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS221.01326.65483.81
TOTAL INCOME114.61196.22254.16
PROFIT AFTER TAX7.8720.4326.61
EBITDA16.7233.7742.64
NET WORTH45.0765.44266.9
RESERVES AND SURPLUS40.0760.44233.15
TOTAL BORROWING120.23176.9785.59
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)
Veegaland Developers · THIS ISSUER8.778.7779.0816.02
Shriram Properties5.915.9185.5512.917.16
Puravankara2.692.6975.3784.243.23
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Notes: P/E Ratio has been computed based on the closing market price of equity shares on the NSE on August 17, 2026, divided by the Diluted EPS of March 31, 2026.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects119.83
Funding unidentified acquisition of land and general corporate purposes
INR CR 119.83 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects. The company undertakes planning, construction, and execution of property developments. The company emphasizes quality construction, modern design, and timely project delivery. Its portfolio typically includes housing projects, commercial complexes, and integrated developments catering to diverse customer segments. Veegaland Developers Limited aims to create sustainable and value-driven properties by adopting efficient construction practices, customer-centric approaches, and compliance with regulatory standards in the real estate sector. As of October 31, 2025, the company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area. As of October 31, 2025, the company had employed 100 full-time employees. Competitive Strengths: Established track record of timely completion and sales absorption across completed and ongoing projects Integrated land source approach and balanced multi-stage development portfolio Integrated and process-driven development model covering the entire project lifecycle Experienced Promoters and competent management team supported by strong in-house functional capabilities

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Kochouseph Thomas Chittilappilly, K.Chittilappilly Trust
HOLDING PRE-ISSUE
92%
HOLDING POST-ISSUE
0%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Cumulative Capital Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
MUFG Intime India Pvt.Ltd.
PHONE
022-49186000
THE COMPANY
PHONE
+91 484 258 4000
REGISTERED OFFICE
XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam, Kerala, 682021
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Veegaland Developers IPO price band?+

The indicative price band is ₹140 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Veegaland Developers IPO?+

One lot is 107 shares. At the upper band of ₹140, one lot works out to ₹14,980.

How many lots can a retail investor apply for in the Veegaland Developers IPO?+

A retail application runs from 1 lot (107 shares, ₹14,980) up to 13 lots (1,391 shares, ₹1,94,740) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Veegaland Developers IPO?+

A small-HNI (sHNI) application starts at 14 lots — 1,498 shares, ₹2,09,720. A big-HNI (bHNI) application starts at 67 lots — 7,169 shares, ₹10,03,660, above the ₹10 lakh boundary.

When does the Veegaland Developers IPO open and close?+

The issue opens on 10 Sept 2026 and closes on 15 Sept 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Veegaland Developers IPO allotment?+

Allotment is scheduled for 16 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When does Veegaland Developers list?+

Listing is scheduled for 18 Sept 2026 on NSE, BSE.

Where will Veegaland Developers be listed?+

Veegaland Developers is proposed for listing on NSE, BSE. It is a mainboard issue.

How large is the Veegaland Developers IPO?+

The issue size is ₹210.00 Cr — a fresh issue of ₹210 cr. Figures are indicative and subject to the RHP.

What is the grey market premium (GMP) for the Veegaland Developers IPO?+

The last GMP we recorded is +₹18 (+12.86%), as at 02 SEPT 2026, 10:33 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.

What listing price does the GMP imply for Veegaland Developers?+

Adding the last recorded GMP to the upper band gives ₹158. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.

Who is the registrar for the Veegaland Developers IPO?+

The registrar to the issue is MUFG Intime India Pvt.Ltd. (022-49186000), veegalanddevelopers.ipo@in.mpms.mufg.com.

Where can I check the Veegaland Developers IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Veegaland Developers IPO?+

The P/E ratio on file for this issue is 17.74, and the post-issue P/E is 25.64, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —