Veegaland Developers IPO: dates, price band, lot size and GMP
Veegaland Developers IPO listed on 18 Sep at ₹154 (NSE, BSE). Issue dates 10 – 15 Sep 2026, price band ₹130 – ₹140, lot 107 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Veegaland Developers listed on 18 Sep 2026 on NSE, BSE at ₹154, +₹14 (+10.0%) against the ₹140 upper band. Veegaland Developers IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Veegaland Developers IPO has a price band of ₹130 – ₹140, a lot of 107 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 10 – 15 Sep 2026 |
| Price band | ₹130 – ₹140 |
| Lot size | 107 shares |
| Issue size | ₹210.00 Cr |
| Fresh issue | ₹210 Cr |
| Subscription | 14.6x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Cumulative Capital Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 10 Sep
- Issue closes: 15 Sep
- Allotment: 16 Sep
- Refunds: 17 Sep
- Demat credit: 17 Sep
- Listing: 18 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 19.13x |
| NII | 19.41x |
| sNII | 21.06x |
| bNII | 18.59x |
| Retail | 9.95x |
| Total | 14.6x |
Last updated 15 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹682.5 Cr |
| P/E (pre-issue) | 17.74x |
| P/E (post-issue) | 25.64x |
| Fresh issue (shares) | 1,50,00,000 |
| Total shares offered | 1,50,00,000 |
| Promoter holding pre-issue | 92% |
| Promoter holding post-issue | 63.69% |
| Promoters | Kochouseph Thomas Chittilappilly, K.Chittilappilly Trust |
| Lead managers | Cumulative Capital Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | veegalanddevelopers.ipo@in.mpms.mufg.com |
| Company website | veegaland.com |
| Anchor bid date | 9 Sep 2026 |
| Anchor lock-in ends (50%) | 16 Oct 2026 |
| Anchor lock-in ends (remaining) | 15 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 107 | ₹14,980 |
| Retail (maximum) | 14 | 1,498 | ₹2,09,720 |
| sNII (minimum) | 14 | 1,498 | ₹2,09,720 |
| bNII (minimum) | 67 | 7,169 | ₹10,03,660 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 45,00,000 | |
| QIB | 20% | 30,00,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 15% | 22,50,000 | Not less than 15% of the Net Issue |
| sNII | 5% | 7,50,000 | |
| bNII | 10% | 15,00,000 | |
| Retail | 35% | 52,50,000 | Not less than 35% of the Net Issue |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 10 Sep | 0.48x | 0.42x | 0.57x | 0.34x | 0.89x | 0.67x |
| Day 2 · 11 Sep | 0.49x | 1.01x | 1.22x | 0.90x | 1.78x | 1.25x |
| Day 3 · 15 Sep | 19.13x | 19.41x | 21.06x | 18.59x | 9.95x | 14.60x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹7.89 |
|---|---|
| EPS (post-issue) | ₹5.46 |
| P/E (pre-issue) | 17.74x |
| P/E (post-issue) | 25.64x |
| RoNW | 16.02% |
| RoCE | 11.89% |
| RoE | 16.02% |
| PAT margin | 10.47% |
| EBITDA margin | 16.78% |
| Price / book | 1.77x |
| NAV per share | ₹79.08 |
| Debt / equity | 0.32 |
| Market cap (upper band) | ₹682.5 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 483.81 | 326.65 | 221.01 | +48.1% |
| Total Income | 254.16 | 196.22 | 114.61 | +29.5% |
| Profit After Tax | 26.61 | 20.43 | 7.87 | +30.2% |
| EBITDA | 42.64 | 33.77 | 16.72 | +26.3% |
| NET Worth | 266.9 | 65.44 | 45.07 | +307.9% |
| Reserves and Surplus | 233.15 | 60.44 | 40.07 | +285.8% |
| Total Borrowing | 85.59 | 176.97 | 120.23 | −51.6% |
About Veegaland Developers
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.
Objects of the issue
- Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects — ₹119.83 Cr
- Funding unidentified acquisition of land and general corporate purposes
Net proceeds: ₹119.83 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Veegaland Developers (issuer) | 8.77 | 8.77 | 79.08 | — | 16.02% | — |
| Shriram Properties | 5.91 | 5.91 | 85.55 | 12.91x | 7.16% | — |
| Puravankara | 2.69 | 2.69 | 75.37 | 84.24x | 3.23% | — |
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.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Veegaland Developers IPO listing day: listed at ₹154 (+10.0% vs the upper band), 18 Sep 2026
- Veegaland Developers IPO GMP today and trend
- Veegaland Developers IPO subscription status, day by day
- Veegaland Developers IPO allotment status and how to check
Frequently asked questions
When does the Veegaland Developers IPO open and close?
The issue is scheduled for 10 – 15 Sep 2026.
What is the Veegaland Developers IPO price band?
The price band is ₹130 – ₹140 per share with a lot size of 107 shares.
How big is the Veegaland Developers IPO?
The total issue size is ₹210.00 Cr.
When will Veegaland Developers list?
The tentative listing date is 18 Sep on the main board.
How do I apply for the Veegaland Developers IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Veegaland Developers · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Veegaland Developers · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 16 Sep · in.mpms.mufg.com
- NSE public issues page · listing 18 Sep · nseindia.com
- BSE public issues page · listing 18 Sep · bseindia.com
- Veegaland Developers company website · veegaland.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 18 Sep, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Veegaland Developers IPO”, https://buyunlistedshares.com/ipo/veegaland-developers-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Our notes on this IPO
- Read our note: Veegaland Developers IPO 2026: Price Band, Dates, Lot Size & Key Details
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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