Veegaland Developers IPO open date is September 10, 2026 and the IPO will close on September 15, 2026. Veegaland Developers IPO is a Book building 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. As per the financials the IPO investors should apply the IPO for a long term.
Veegaland Developers IPO 2026 is a mainboard public issue from Kerala-based real estate developer Veegaland Developers Limited. The company is focused on residential real estate projects, particularly premium, ultra-premium and luxe housing segments across major urban markets in Kerala.
The IPO opened for subscription on 10 September 2026 and will close on 15 September 2026. The price band has been fixed at ₹130 to ₹140 per equity share, while the IPO is proposed to list on NSE and BSE on 18 September 2026.
Veegaland Developers IPO – Key Highlights
| Particular | Details |
|---|---|
| Company Name | Veegaland Developers Limited |
| IPO Type | Mainboard IPO |
| IPO Open Date | 10 September 2026 |
| IPO Close Date | 15 September 2026 |
| Price Band | ₹130 – ₹140 per share |
| Face Value | ₹10 per share |
| Lot Size | 107 shares |
| Minimum Investment | ₹14,980 |
| Issue Size | ₹210 crore |
| Fresh Issue | ₹210 crore |
| Allotment Date | 16 September 2026 |
| Refund Date | 17 September 2026 |
| Share Credit | 17 September 2026 |
| Listing Date | 18 September 2026 |
| Listing Exchange | NSE & BSE |
At the upper price band of ₹140, one lot of 107 shares requires an investment of approximately ₹14,980.
About Veegaland Developers Limited
Veegaland Developers Limited is a real estate development company primarily focused on residential projects in Kerala. Its key markets include Kochi, Thiruvananthapuram, Kozhikode and Thrissur.
The company develops and markets residential properties across premium, ultra-premium and luxe segments. Its business model includes acquiring land directly as well as entering into joint development arrangements with landowners.
The company was originally incorporated as Vintes Solutions Private Limited in 2007. It subsequently changed its name to Vintes Developers and later to Veegaland Developers. In 2025, the company was converted from a private limited company into a public limited company.
Veegaland Developers IPO GMP Today
Veegaland Developers IPO GMP is an unofficial indicator of investor sentiment in the grey market.
The latest available GMP information showed a premium of around ₹24 per share against the upper IPO price of ₹140. This indicates an estimated listing price of around ₹164, although GMP can change quickly before listing.
Veegaland Developers IPO GMP Calculation
If the IPO price is ₹140 and the GMP is ₹24:
Estimated Listing Price = ₹140 + ₹24 = ₹164
Indicative Gain = ₹24 per share
For one lot of 107 shares:
Indicative Gain = ₹24 × 107 = ₹2,568
However, this is only a grey-market indication. GMP is unofficial and does not guarantee the actual listing price or listing gains.
Veegaland Developers IPO Issue Size
Veegaland Developers is raising approximately ₹210 crore through a fresh issue of 1.5 crore equity shares.
The company plans to use the IPO proceeds primarily for funding part of the expenses associated with its ongoing real estate projects and for general corporate purposes.
Use of Veegaland Developers IPO Funds
The proposed utilisation of IPO proceeds includes:
- Funding expenses related to ongoing projects
- Funding unidentified land acquisitions
- General corporate purposes
- Supporting future business growth
According to available IPO information, approximately ₹119.83 crore is planned toward development expenses for ongoing projects, while about ₹90.17 crore is allocated for general corporate purposes.
Veegaland Developers Business Model
Veegaland Developers focuses mainly on residential real estate development.
The company acquires land either directly or through joint development arrangements and develops residential properties. It generally targets higher-value residential segments, including premium, ultra-premium and luxury housing.
The company also relies on third-party contractors and specialist agencies for construction, architecture and engineering activities. Revenue is generated primarily through the sale of completed or under-development residential units.
Veegaland Developers IPO
Veegaland Developers IPO Subscription Status
On the first day of bidding, the IPO received a moderate response, with the issue reported at around 0.62 times subscribed. Retail investors showed comparatively stronger participation, while QIB and NII bidding was lower at that stage. Subscription numbers can change significantly before the issue closes.
Investors should check the latest subscription figures before making an application decision.
Veegaland Developers IPO Allotment Date
The Veegaland Developers IPO allotment is expected to be finalized on 16 September 2026.
Refunds are expected to begin on 17 September, while shares are expected to be credited to successful investors' demat accounts on the same day.
The proposed listing date is 18 September 2026 on both NSE and BSE.
Should You Apply for Veegaland Developers IPO?
Veegaland Developers IPO may attract investors looking for exposure to the residential real estate sector, particularly Kerala's premium housing market.
The company has a portfolio of residential projects and plans to deploy a significant portion of IPO proceeds toward ongoing project development. However, investors should evaluate the company's valuation, financial performance, project pipeline, debt, risks and real estate market conditions before applying.
The current GMP may indicate positive grey-market sentiment, but investors should not rely only on GMP when making an investment decision.
Conclusion
The Veegaland Developers IPO 2026 offers investors an opportunity to participate in a Kerala-focused residential real estate developer. With a price band of ₹130–₹140 and a lot size of 107 shares, the minimum investment at the upper price band is ₹14,980.
The company plans to use IPO proceeds for ongoing project development and corporate purposes. Its focus on premium residential properties and presence across key Kerala markets could support future growth, although investors should carefully consider real estate, execution, geographic concentration and valuation risks.
The IPO's GMP currently indicates positive grey-market sentiment, but GMP should only be treated as an unofficial indicator and not as a guarantee of listing gains.
Veegaland Developers IPO – Frequently Asked Questions
What is Veegaland Developers IPO?
Veegaland Developers IPO is a mainboard public issue of Veegaland Developers Limited, a Kerala-based residential real estate developer.
What is Veegaland Developers IPO price band?
The price band is ₹130 to ₹140 per share.
What is Veegaland Developers IPO lot size?
The lot size is 107 shares.
What is the minimum investment in Veegaland Developers IPO?
At the upper price band of ₹140, the minimum investment for one lot is ₹14,980.
What is Veegaland Developers IPO GMP today?
The latest available GMP was around ₹24 per share, but GMP can change rapidly and is unofficial.
When does Veegaland Developers IPO close?
The IPO closes on 15 September 2026.
When is Veegaland Developers IPO allotment?
The expected allotment date is 16 September 2026.
When will Veegaland Developers IPO list?
The proposed listing date is 18 September 2026 on NSE and BSE.
Is Veegaland Developers IPO an SME IPO?
No. Veegaland Developers is a mainboard IPO, not an SME IPO.