IPO profile
Veegaland Developers Limited
VEEGALAND · NSE
- Price band
- ₹130 - ₹140
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 107 shares
- Minimum Application
- ₹14,980
- Issue Size
- Rs. 210 Cr
- Face Value
- Not available
- Issue Price
- ₹140
Company Overview
Veegaland Developers is a real estate development company primarily focused on residential projects across urban micro-markets in Kerala, including Kochi, Thiruvananthapuram, Kozhikode, and Thrissur. The company undertakes the development, construction, design, and marketing of residential properties, predominantly catering to the premium, ultra-premium, and luxe segments. Its core business model involves acquiring land outright or through joint development arrangements with landowners to construct apartments and boutique flats. The company generates revenue through the sale of these residential units, with payments typically linked to construction milestones. Veegaland relies on third-party contractors and specialist agencies for the execution of civil construction, architectural design, and structural engineering. The project portfolio includes a mix of completed properties, ongoing construction sites, and upcoming developments, positioning the company to address demand for higher-value residential spaces in its operational regions.
Important Dates
- Open Date
- 10 Sept 2026
- Close Date
- 15 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 18 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 18 Sept 2026
- Actual Listing Price
- ₹154
- Gain/Loss Per Share
- +₹14
- Gain/Loss Per Lot
- +₹1,498
- Listing Gain/Loss %
- +10.00%
- Measured Against
- ₹140
- Lot Size
- 107 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Focuses on high-margin premium and luxe residential segments across Kerala.
- Benefits from the established brand trust and goodwill of the V-Guard Group.
- Utilizes a flexible, asset-light land acquisition strategy including joint developments.
- Maintains a robust pipeline of completed, ongoing, and upcoming urban projects.
- Uses professional management backed by digitalized Veega-NOVA ERP systems
Key risks
- Business operations and market demand are concentrated entirely within Kerala.
- Relies heavily on third-party contractors for all project execution and construction.
- Revenues fluctuate significantly due to the milestone-linked nature of real estate.
- Highly exposed to price volatility and supply chain disruptions for building materials.
- Operations depend significantly on personal financial guarantees provided by the promoter.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.