Veegaland Developers Limited IPO Price: ₹130 to ₹140 per share
IPO Dates: 10 to 15 Sept, 2026
Company Overview
Incorporated in 2007, Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects.
The company undertakes planning, construction, and execution of property developments, with an emphasis on quality construction, modern design, and timely project delivery.
Business Operations
The company develops residential, commercial, and mixed-use projects catering to diverse customer segments.
Its portfolio typically includes housing projects, commercial complexes, and integrated developments.
Project Portfolio
The company’s projects can be classified into the following categories:
- Completed Projects: 10
- Ongoing Projects: 12
- Upcoming Projects: 3
Completed Projects
As of June 30, 2026, the Company had completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area.
These projects comprised 692 units, including 43 units allocated to landowners under Joint Development Agreements (JDAs).
Development Approach
Veegaland Developers Limited aims to create sustainable and value-driven properties by adopting efficient construction practices, customer-centric approaches, and compliance with regulatory standards in the real estate sector.
Workforce
As of June 30, 2026, the Company had 127 full-time employees.
Competitive Strengths
- Established track record of timely completion and sales absorption across completed and ongoing projects.
- Integrated land source approach and balanced multi-stage development portfolio.
- Integrated and process-driven development model covering the entire project lifecycle.
- Experienced promoters and competent management team supported by strong in-house functional capabilities.
Bidding Starts In
Veegaland Developers Limited IPO Specifics:
| IPO Date | 10 to 15 Sep, 2026 |
| Listing Date | Fri, Sep 18, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹140 |
| Lot Size | 107 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,50,00,000 shares (agg. up to ₹210 Cr) |
| Fresh Issue | 1,50,00,000 shares (agg. up to ₹210 Cr) |
| Share Holding Pre Issue | 3,37,50,000 shares |
| Share Holding Post Issue | 4,87,50,000 shares |
Veegaland Developers IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Sep 10, 2026 |
| IPO Close | Tue, Sep 15, 2026 |
| Allotment | Wed, Sep 16, 2026 |
| Refund | Thu, Sep 17, 2026 |
| Credit of Shares | Thu, Sep 17, 2026 |
| Listing | Fri, Sep 18, 2026 |
Veegaland Developers Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 107 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| 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 |
Veegaland Developers Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
Veegaland Developers Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 483.81 | 326.65 | 221.01 |
| 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 & Surplus | 233.15 | 60.44 | 40.07 |
| Total Borrowing | 85.59 | 176.97 | 120.23 |
Key Performance Indicator-Veegaland Developers Limited IPO
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 16.02% |
| ROCE | 11.89% |
| Debt/Equity | 0.32 |
| RoNW | 16.02% |
| PAT Margin | 10.47% |
| EBITDA Margin | 16.78% |
| NAV | 79.08 |
| Price to Book Value | 1.77 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.89 | 5.46 |
| P/E (x) | 17.74 | 25.64 |
| Market Cap at Offer Price | ₹473Cr. | ₹682.50 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Veegaland Developers Limited IPO RHP
Kaashika is a social media strategist and financial content creator at Lakshmishree. She specialises in simplifying complex IPO and stock market concepts into clear, easy-to-understand content. Having created over 500+ pieces of financial content across reels, blogs, website posts and digital creatives, Kaashika helps audiences connect with the world of finance in a more accessible and engaging way.
