What is the GMP of Veegaland Developers IPO today?

The Grey Market Premium (GMP) for Veegaland Developers IPO is currently ₹9. With an upper price band of ₹140, the estimated listing price is ₹149 per share, reflecting an expected listing gain of ~6.43%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Veegaland Developers IPO?

The price band for Veegaland Developers IPO is ₹130 to ₹140 per equity share. The minimum lot size is 107 shares, which requires a minimum retail application investment of ₹14,980.

What are the important dates for Veegaland Developers IPO?

Veegaland Developers IPO opens for subscription on 2026-09-10T00:00:00 and closes on 2026-09-15T00:00:00. The basis of allotment is scheduled for 2026-09-16T00:00:00, and shares are expected to list on 2026-09-18T00:00:00 on BSE, NSE.

How can I check the allotment status for Veegaland Developers IPO?

You can check Veegaland Developers IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Veegaland Developers IPO?

Investors can apply for Veegaland Developers IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Veegaland Developers IPO open and close?

The IPO opens on 10 Sept 2026, and closes on 15 Sept 2026.

What is Veegaland Developers IPO price band?

The issue price band is ₹130.00 to ₹140.00 per equity share.

What is the Veegaland Developers IPO lot size?

The minimum lot size is 107 shares per application.

What is the Veegaland Developers IPO allotment date?

The allotment is scheduled on 16 Sept 2026.

Veegaland Developers IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

210.00 Cr

Price Band

₹130.00 - ₹140.00

Lot Size

107 Shares

Min Investment

₹14,980

GMP

₹9

Subscription

14.6x

₹2,146.30 Cr

10 Sept 2026

IPO Opens

COMPLETED

15 Sept 2026

IPO Closes

COMPLETED

16 Sept 2026

Basis of Allotment

COMPLETED

17 Sept 2026

Refunds

COMPLETED

17 Sept 2026

Demat Credit

COMPLETED

18 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

10 Sept 2026

IPO ClosesDONE

15 Sept 2026

Basis of AllotmentDONE

16 Sept 2026

RefundsDONE

17 Sept 2026

Demat CreditDONE

17 Sept 2026

ListingDONE

18 Sept 2026

About Veegaland Developers IPO

Veegaland Developers IPO open date is September 10, 2026 and the IPO will close on September 15, 2026. Veegaland Developers IPO is a Bookbuilding Issue. The company to raise around ₹210 crores via IPO that comprises fresh issue of ₹210 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Veegaland Developers IPO price band is ₹130 to ₹140 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Veegaland Developers IPO to list on BSE, NSE on September 18, 2026. The allotment of Veegaland Developers IPO date is September 16, 2026.

The company reported revenue of ₹254.16 crores in 2026 against ₹196.22 crores in 2025. The company reported profit of ₹26.61 crores in 2026 against profit of ₹20.43 crores in 2025.

IPO Details

Veegaland Developers IPO Details and Specifications
IPO Date	10 Sept 2026 to 15 Sept 2026
Face Value	₹10 Per Share
Price Band	₹130.00 - ₹140.00
Lot Size	107 Shares
Total Issue Size	Approx 210.00 Cr 1,50,00,000 Equity Shares
Fresh Issue	Approx 210.00 Cr 1,50,00,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	18 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹2,146.30 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	75,00,000	50.00%
- Anchor	45,00,000	0.00%
- QIB (Ex. Anchor)	30,00,000	0.00%
NII	22,50,000	15.00%
- bNII > ₹10L	15,00,000	0.00%
- sNII < ₹10L	7,50,000	0.00%
Retail	52,50,000	35.00%
Total	1,50,00,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	107	₹14,980
Individual investors (Retail) (Max)	13	1,391	₹1,94,740
S-HNI (Min)	14	1,498	₹2,09,720
S-HNI (Max)	66	7,062	₹9,88,680
B-HNI (Min)	67	7,169	₹10,03,660

About Company

Veegaland Developers, founded in 2007, is a real estate development firm that works on residential, commercial, and mixed-use projects. From planning and construction to modern design and timely execution of property developments, Veegaland Developers handles everything.

Its project portfolio includes housing projects, commercial complexes, and integrated developments serving a wide range of customers. So far, the firm has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area; 12 are ongoing projects, and 3 are upcoming ones. The company’s main aim is to build environmentally responsible properties, be useful, and provide good value to the customers.

Contact Details

Veegaland Developers Ltd.

XXXV/564, 4th Floor,

K C F Tower, Bharat Matha College Road,

Kakkanadu, Thrikkakara,

Ernakulam, Kerala, 682021

+91 484 258 4000

cs@veegaland.in

Visit Website

Registrar

MUFG Intime India Pvt Ltd

+91-22-4918 627

veegalanddevelopers.ipo@in.mpms.mufg.com

Lead Managers

Cumulative Capital Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
18-Sep-2026 06:00 PM	+₹9	₹149	+6.43%	₹963
17-Sep-2026 06:00 PM	+₹5	₹145	+3.57%	₹535
16-Sep-2026 06:00 PM	+₹6	₹146	+4.29%	₹642
15-Sep-2026 06:00 PM	+₹20	₹160	+14.29%	₹2,140
14-Sep-2026 06:00 PM	+₹15	₹155	+10.71%	₹1,605
12-Sep-2026 06:00 PM	+₹24	₹164	+17.14%	₹2,568
11-Sep-2026 06:00 PM	+₹24	₹164	+17.14%	₹2,568
10-Sep-2026 06:00 PM	+₹24	₹164	+17.14%	₹2,568
09-Sep-2026 06:00 PM	+₹30	₹170	+21.43%	₹3,210
08-Sep-2026 06:00 PM	+₹30	₹170	+21.43%	₹3,210
07-Sep-2026 06:00 PM	+₹30	₹170	+21.43%	₹3,210
04-Sep-2026 06:00 PM	+₹18	₹158	+12.86%	₹1,926
03-Sep-2026 06:00 PM	+₹18	₹158	+12.86%	₹1,926
02-Sep-2026 06:00 PM	+₹18	₹158	+12.86%	₹1,926
01-Sep-2026 06:00 PM	+₹14	₹154	+10.00%	₹1,498

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	19.13x	30,00,000	5,73,90,000	₹803.46 Cr
NII	19.41x	22,50,000	4,36,80,000	₹611.52 Cr
bNII > ₹10L	18.59x	15,00,000	2,78,85,000	₹390.39 Cr
sNII < ₹10L	21.06x	7,50,000	1,57,95,000	₹221.13 Cr
Retail	9.95x	52,50,000	5,22,37,500	₹731.33 Cr
Total	14.60x	1,05,00,000	15,33,07,500	₹2,146.30 Cr

Objects of the Issue

01 Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects : 119.83 Cr
02 Funding unidentified acquisition of land and general corporate purposes : - Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	254.16	196.22	114.61
Profit After Tax	26.61	20.43	7.87
EBITDA	42.64	33.77	16.72
NET Worth	266.90	65.44	45.07
Reserves and Surplus	233.15	60.44	40.07
Total Borrowing	85.59	176.97	120.23

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	₹11.89
Debt/Equity Ratio	0.32
Return on Net Worth (RoNW)	₹16.02
PAT Margin	₹10.47
EBITDA Margin	₹16.78
Net Asset Value (NAV)	₹79.08
Earning Per Share (EPS)	₹8.77 (Basic)
Price/Earning P/E Ratio	N/A

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Puravankara Limited	2.69	84.24	75.37	3.23	3,739.83
Shriram Properties Limited	5.91	12.91	85.55	7.16	1,267.41

Promoters and Holding Pattern

Kochouseph Thomas Chittilappilly, K. Chittilappilly Trust is the company's promoter of Veegaland Developers.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	92.00%	63.69%
Others*	8.00%	36.31%

Strengths

Veegaland Developers is ranked as Kerala’s fastest-selling real estate developer with a track record of timely completion.
The company operates an integrated business model where they handle the entire real estate development lifecycle, from planning, design, approvals, construction, and sales to customer handover.
The firm is backed by a strong management team and experienced promoters with 49 years of diversified experience in real estate.

Risks

Its business is entirely concentrated in the state of Kerala. Any unexpected events like regulatory developments, economic factors, and climatic events in Kerala can adversely impact the business and cash flow.
Heavy dependence on third-party contractors exposes the firm to construction delays, cost overruns, and quality/execution risks, which can affect its business, cash flow, and financial condition.
Veegaland is exposed to risks such as increases in the cost of construction materials like cement and steel, or interruptions in the supply of raw materials can badly affect its cash flow and financial condition.

Frequently Asked Questions (FAQ)

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About Veegaland Developers IPO

The company reported revenue of ₹254.16 crores in 2026 against ₹196.22 crores in 2025. The company reported profit of ₹26.61 crores in 2026 against profit of ₹20.43 crores in 2025.

IPO Details

Veegaland Developers IPO Details and Specifications
IPO Date	10 Sept 2026 to 15 Sept 2026
Face Value	₹10 Per Share
Price Band	₹130.00 - ₹140.00
Lot Size	107 Shares
Total Issue Size	Approx 210.00 Cr 1,50,00,000 Equity Shares
Fresh Issue	Approx 210.00 Cr 1,50,00,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	18 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹2,146.30 Cr

Investor Category

Shares Offered

% Net Issue

QIB

75,00,000

50.00%

- Anchor

45,00,000

0.00%

- QIB (Ex. Anchor)

30,00,000

0.00%

NII

22,50,000

15.00%

- bNII > ₹10L

15,00,000

0.00%

- sNII < ₹10L

7,50,000

0.00%

Retail

52,50,000

35.00%

Total

1,50,00,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

107

₹14,980

Individual investors (Retail) (Max)

1,391

₹1,94,740

S-HNI (Min)

1,498

₹2,09,720

S-HNI (Max)

7,062

₹9,88,680

B-HNI (Min)

7,169

₹10,03,660

About Company

Contact Details

Veegaland Developers Ltd.

XXXV/564, 4th Floor,

K C F Tower, Bharat Matha College Road,

Kakkanadu, Thrikkakara,

Ernakulam, Kerala, 682021

+91 484 258 4000

cs@veegaland.in

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

18-Sep-2026 06:00 PM

+₹9

₹149

+6.43%

₹963

17-Sep-2026 06:00 PM

+₹5

₹145

+3.57%

₹535

16-Sep-2026 06:00 PM

+₹6

₹146

+4.29%

₹642

15-Sep-2026 06:00 PM

+₹20

₹160

+14.29%

₹2,140

14-Sep-2026 06:00 PM

+₹15

₹155

+10.71%

₹1,605

12-Sep-2026 06:00 PM

+₹24

₹164

+17.14%

₹2,568

11-Sep-2026 06:00 PM

+₹24

₹164

+17.14%

₹2,568

10-Sep-2026 06:00 PM

+₹24

₹164

+17.14%

₹2,568

09-Sep-2026 06:00 PM

+₹30

₹170

+21.43%

₹3,210

08-Sep-2026 06:00 PM

+₹30

₹170

+21.43%

₹3,210

07-Sep-2026 06:00 PM

+₹30

₹170

+21.43%

₹3,210

04-Sep-2026 06:00 PM

+₹18

₹158

+12.86%

₹1,926

03-Sep-2026 06:00 PM

+₹18

₹158

+12.86%

₹1,926

02-Sep-2026 06:00 PM

+₹18

₹158

+12.86%

₹1,926

01-Sep-2026 06:00 PM

+₹14

₹154

+10.00%

₹1,498

Veegaland Developers IPO Details

About Veegaland Developers IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Veegaland Developers IPO open and close?

What is Veegaland Developers IPO price band?

What is the Veegaland Developers IPO lot size?

What is the Veegaland Developers IPO allotment date?

What is the Veegaland Developers IPO listing date?

What is the minimum investment required in Veegaland Developers IPO?

Join the discussion

Veegaland Developers IPO Details

About Veegaland Developers IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Veegaland Developers IPO open and close?

What is Veegaland Developers IPO price band?

What is the Veegaland Developers IPO lot size?

What is the Veegaland Developers IPO allotment date?

What is the Veegaland Developers IPO listing date?

What is the minimum investment required in Veegaland Developers IPO?

Join the discussion