
Veegaland Developers IPO
VEEGALAND
Last updated on 09/11/2026 | 07:00 IST
Veegaland Developers IPO will open on 10 Sep '26 and close on 15 Sep '26, with the IPO allotment date scheduled for 16 Sep '26. The shares are scheduled to list on NSE with a tentative listing date fixed for 18 Sep '26. The price band is set at ₹130 to ₹140 per share with a minimum lot size of 107 shares. Cumulative Capital Pvt Ltd is the book-running lead manager, while MUFG Intime India Pvt.Ltd. is the registrar of the issue; for detailed information, refer directly to the official Veegaland Developers IPO RHP.
Free Demat with Zero AMC*
+ Free 1st Year AMC
Veegaland Developers IPO Dates & Details
Open Date
10 Sep '26
Close Date
15 Sep '26
Allotment Date
16 Sep '26
Refund Date
17 Sep '26
Listing Date
18 Sep '26
Price Range
₹130 - ₹140
Min Investment
₹14,980
Lot Size
107
Listing at
NSE
IPO Document
Veegaland Developers IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 56,53,846 crores |
| Non-Institutional Investors (NIIs) | 15% | 16,96,153.8 crores |
| Retail Individual Investors (RIIs) | 35% | 39,57,692.2 crores |
About Veegaland Developers Ltd IPO
Incorporated in 2007, Veegaland Developers Limited 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 mid-premium, premium, ultra-premium, luxe-series and ultra-luxury segments under its brand name ‘Veegaland Homes’. Its projects are located across Kochi, Thiruvananthapuram, Kozhikode and Thrissur.
According to the ICRA Report, as of December 8, 2025, the Company was ranked as Kerala’s fastest-selling real estate developer and is among the recognised residential real estate developers in the state.
As of June 30, 2026, the Company had a portfolio of 25 projects, comprising 10 completed projects, 12 ongoing projects and 3 upcoming projects. Its completed projects had an aggregate saleable area of 11.05 lakh square feet comprising 692 units, all of which had been sold.
Its 12 ongoing projects had an aggregate saleable area of 18.57 lakh square feet comprising 987 units, of which 637 units had been sold, representing 63.62% of the saleable area excluding units allocated to landowners under JDAs.
Its three upcoming projects collectively accounted for an estimated saleable area of 4.62 lakh square feet, comprising approximately 212 residential units.
The Company has experience in developing projects through both outright acquisition of freehold land and joint development arrangements (JDAs) with landowners. Its project execution model is supported by an in-house team of engineers responsible for project planning, supervision, quality control and regulatory compliance, while construction and specialised design activities are undertaken through third-party contractors and consultants.
The Company forms part of the broader V-Guard Group, founded by its Promoter, Kochouseph Thomas Chittilappilly. As of June 30, 2026, the Company has 127 full-time employees.
Veegaland Developers IPO Strengths & Weaknesses
Proven execution capabilities with a track record of project delivery and sales performance
Diversified land acquisition strategy supporting sustainable project development and growth
End-to-end project execution model with integrated capabilities across the development lifecycle
Experienced Promoter and capable management team backed by established in-house expertise
Concentration in Kerala exposes us to regional real estate, economic, regulatory and climatic risks.
Delays or cost overruns in our Ongoing and Upcoming Projects could adversely affect our business and financial performance.
Dependence on third-party contractors and specialists exposes us to execution, quality, delay and cost-related risks.
Volatility in construction material prices and supply-chain disruptions may increase project costs and affect profitability.
Delays or failure in obtaining and maintaining statutory and regulatory approvals could adversely impact project timelines and financial performance.
Veegaland Developers IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 1,13,07,692 shares (aggregating up to ₹14,980 crores) |
| Fresh Issue | 15,00,000 shares (aggregating up to ₹1,50,00,000 crores) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 0 shares |
Veegaland Developers IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| -- | -- |
The lot size of Veegaland Developers ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Veegaland Developers IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Veegaland Developers IPO Contact & Registrar Details
Contact Details
Address
XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam
Phone Number
Website
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
Veegaland Developers Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Cumulative Capital Pvt Ltd |


