Veegaland Developers IPO Subscription Update: Issue Subscribed 3.03x on Day 3
Information Subscription
The Veegaland Developers Limited IPO saw demand on its final day till 11:15:00 am, with investors bidding for 3,42,63,754 shares against 1,13,07,692 shares offered, resulting in an overall subscription of 3.03x.
The NII category recorded the highest demand at 4.13x, with bids for around 1,00,00,541 shares against 24,23,077 shares reserved. The retail portion was subscribed 4.03x, receiving bids for approximately 2,27,96,671 shares against 56,53,847 shares offered.
| Sr. No. | Category | No. of Times of Total Meant for the Category |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 0.45x |
| 2 | Non-Institutional Investors | 4.13x |
| 3 | Retail Individual Investors (RIIs) | 4.03x |
| - | Total | 3.03x |
Veegaland Developers IPO Overview & Purpose
Veegaland Developers is raising rupee 210 crore through a fresh issue of 1.50 crore shares priced in the range of rupee 130–140 per share. The company operates in the real estate sector, with a focus on residential and commercial developments in Kerala. The IPO proceeds are intended to support the company's business and growth requirements.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell securities.
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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