Veegaland Developers Limited IPO
Open nowMainboardRealty
0.67×
Subscribed
Price band
₹130 – ₹140
Lot size
107
1 lot = ₹14,980
Issue size
₹210 Cr
Open – close
10 Sept 2026
to 15 Sept 2026
Listing
18 Sept 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens10 Sept 2026
- Closes15 Sept 2026
- Allotment16 Sept 2026
- Listing18 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB0.48x
Non-institutionalNII / HNI0.42x
Big NIIabove ₹10L0.34x
Small NII₹2L – ₹10L0.57x
Retail individualRII0.89x
31,440 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 10 Sept 2026.
Chance of allotment
Retail0.89× subscribed
Full allotment
Minimum 1 lot · 107 shares · ₹14,980 blocked
The retail portion is under-subscribed at 0.89×, so every valid application should receive a full allotment.
HNI / NII0.42× subscribed
Full allotment
Minimum 14 lots · 1,498 shares · ₹2,09,720 blocked
The HNI portion is under-subscribed at 0.42×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹130 – ₹140
Face value₹10
Lot size107shares
Minimum application₹14,980at cut-off
Total issue size₹210 Cr
Listing atMainboard
Company & valuation
ISININE1JTV01015
RegistrarLINK
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+16.8%
Listed up
8 of 8
Best
+90.0%
Shanti Inorganics
Worst
6.8%
SBI Funds Management Limited
Gaja Alternative Asset Management Limitedsame segment
33.0× sub+15.6%
Juniper Green Energy Limitedsame segment
8.4× sub+8.9%
Caliber Mining and Logistics Limitedsame segment
154.7× sub+18.0%
SBI Funds Management Limitedsame segment
41.7× sub+6.8%
Kusumgar Limitedsame segment
135.7× sub+35.8%
Knack Packaging Limitedsame segment
87.1× sub+10.6%
Advit Jewels Limitedsame segment
212.6× sub+36.9%
142.2× sub+90.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Veegaland Developers Limited
Veegaland Developers is a real estate development company engaged in the planning, development and sale of multi-storied residential apartment projects in Kerala, India. The company develops residential projects across the mid-premium, premium, ultra-premium, luxe-series, and ultra-luxury segments under the ‘Veegaland Homes’ brand. Its projects are developed in accordance with applicable RERA provisions. Veegaland Developers has undertaken residential projects across different cities in Kerala. The company commenced its residential real estate operations in 2011 with the development of its first project, Green Clouds, in Kochi. The company carries out construction through independent third-party civil contractors, subcontractors, and vendors, while external consultants provide architectural, structural engineering, and MEP design services. The company’s in-house engineering team oversees project planning, supervision, quality control, and regulatory compliance. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding a part of the expense to be incurred in the development of the ongoing projects — Rs 119.82 crore Funding unidentified acquisition of land and general corporate purposes
Founded 2007MD Kochouseph Thomas ChittilappillySector Realty
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Veegaland Developers Limited IPO subscribed?
Veegaland Developers Limited is subscribed 0.67× overall (QIB 0.48×, NII 0.42×, retail 0.89×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, LINK.
What is the minimum investment in the Veegaland Developers Limited IPO?
One lot is 107 shares, so a retail application at the ₹140 cut-off price blocks ₹14,980. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Veegaland Developers Limited IPO allotment date?
Allotment is scheduled for 2026-09-16, with listing on 2026-09-18. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, LINK.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.