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Veegaland Developers Limited

MainboardlistedNSE · BSE
10 Sep 2026 – 15 Sep 2026
LISTED
Offer Price
₹130–140
Bid lot
107
Min Application
₹14,980
Issue Size
₹210 Cr

Key dates

Open date
10 Sep 2026
Done
Close date
15 Sep 2026
Done
Basis of allotment
16 Sep 2026
Done
Initiation of refunds
16 Sep 2026
Done
Credit to demat
16 Sep 2026
Done
Listing date
18 Sep 2026
Done

Issue reservation

₹210 Cr
QIB 50%10%5%Retail 35%
QIB
75.0 L sh · ₹105.00 Cr
50%
HNI (10L+)
15.0 L sh · ₹21.00 Cr
10%
HNI (2-10L)
7.5 L sh · ₹10.50 Cr
5%
Retail
52.5 L sh · ₹73.50 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
49,065 forms
S-HNI (₹2–10L)
501 forms
B-HNI (>₹10L)
209 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Cumulative Capital Private Limited

Lot ladder — how much to bid

1 lot = 107 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
107 sh · ₹14,980
Max · 13 lots
1,391 sh · ₹1,94,740
S-HNI · ₹2 L to ₹10 L14–66 lots
Min · 14 lots
1,498 sh · ₹2,09,720
Max · 66 lots
7,062 sh · ₹9,88,680
B-HNI · Above ₹10 L67+ lots
Min · 67 lots
7,169 sh · ₹10,03,660
Entry point
₹10,03,660 onward

Issue details

Lead managersCumulative Capital Private Limited
Fresh issue1,50,00,000 sh · ₹210 Cr
Face value₹10
Listing onNSE · BSE
RegistrarMUFG Intime India Pvt.Ltd.
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

483.81

326.65

221.01

Total Income

254.16

196.22

114.61

PAT

26.61

20.43

7.87

Net Worth

266.9

65.44

45.07

Reserves & Surplus

233.15

60.44

40.07

Total Borrowings

85.59

176.97

120.23

Objects of the issue

  • Project Development: ₹119.83 crore allocated toward construction and development of ongoing and upcoming projects.

  • Land & Corporate Purposes: Remaining proceeds to fund future land acquisitions and general corporate needs.

About the company

Incorporated in 2007, Veegaland Developers Limited is engaged in real estate development, with a focus on residential, commercial, and mixed-use projects. The company undertakes the planning, construction, and execution of properties, emphasizing quality construction, modern design, timely delivery, and regulatory compliance.

Its project portfolio comprises 10 completed projects, 12 ongoing projects, and 3 upcoming projects. The company focuses on creating sustainable and value-driven properties through efficient construction practices and a customer-centric approach.

As of June 30, 2026, Veegaland Developers had completed 10 residential projects covering 11.05 lakh sq. ft. of saleable area, comprising 692 units, including 43 units allocated to landowners under Joint Development Agreements (JDAs).

As of the same date, the company had 127 full-time employees.

Company strengths

  • Strong Track Record: Proven timely project completion and strong sales across completed and ongoing projects.

  • Diversified Land Strategy: Integrated land sourcing with a balanced, multi-stage development portfolio.

  • End-to-End Execution: Process-driven approach covering the complete project lifecycle.

  • Experienced Management: Strong promoter group and capable management team with in-house expertise.

Promoters

Kochouseph Thomas ChittilappillyK.Chittilappilly Trust.

Registered office & contact

Veegaland Developers Limited

Address - XXXV/564, 4th Floor,

K C F Tower, Bharat Matha College Road,

Kakkanadu, Thrikkakara,

Ernakulam, Kerala, 682021

📞 +91 484 258 4000

✉️ cs@veegaland.in

Documents
RHPOpen ↗
DRHPOpen ↗

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Veegaland Developers Limited IPO?

One lot of 107 shares — ₹14,980 at the upper price band of ₹140.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-18 on NSE / BSE.

₹130–140
Applications are closed.