Veegaland Developers IPO Subscription Update: Issue Subscribed 0.61x on Day 1

On the first day, Veegaland Developers received bids for 14,42,039 shares against 32,30,768 shares available for subscription, according to NSE data. The retail investor category was subscribed 0.80 times, while the Non-Institutional Investor (NII) category stood at 0.38 times and the Qualified Institutional Buyer (QIB) portion remained at 0.45 times at the time of the update. As per the latest subscription data till 10-Sep-2026 17:06:00
Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.45 |
| 2. | Non-Institutional Investors | 0.38 |
| 3. | Retail Individual Investors (RIIs) | 0.80 |
| - | Total | 0.61 |
Veegaland Developers Overview & Purpose
Veegaland Developers is offering a Rs 210 crore IPO comprising a fresh issue of 1.50 crore equity shares. The issue is priced in the range of Rs 130 to Rs 140 per share, with a minimum lot size of 107 shares.
The company plans to utilise the IPO proceeds primarily to fund expenses related to the development of its ongoing projects. A portion of the proceeds will also be used for potential land acquisitions and general corporate purposes.
Veegaland Developers IPO Price & Cumulative Quantity
| PRICE | CUMULATIVE QUANTITY |
|---|---|
| Cut-Off | 31,66,665 |
| 140 | 41,62,621 |
| 139 | 41,62,728 |
| 138 | 41,63,798 |
| 137 | 41,64,547 |
| 136 | 41,67,222 |
| 135 | 41,75,675 |
| 134 | 41,75,782 |
| 133 | 41,76,745 |
| 132 | 41,77,922 |
| 131 | 41,81,774 |
| 130 | 41,93,865 |
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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