Veegaland Developers

Veegaland Developers

LISTED

IPO Date: 10 Sept - 15 Sept 2026

Listing Date: 18 Sept 2026

Price Range

₹130 to ₹140

Issue Size

210 Cr

Min Investment

₹13,910

Min Application

107 Shares

View IPO Document

Schedule of Veegaland Developers

  1. Issue open date

    10 Sept 2026

  2. Issue close date

    15 Sept 2026

  3. UPI mandate deadline

    15 Sept 2026 (5 PM)

  4. Allotment finalization

    16 Sept 2026

  5. Share credit

    17 Sept 2026

  6. Listing date

    18 Sept 2026

  7. Mandate end date

    30 Sept 2026

Issue size

Funds Raised in the IPOAmount
Overall210 Cr
Fresh Issue1.5 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date16 Sept 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
18 Sept 2026Latest₹140₹8₹148(+5.71%)
17 Sept 2026₹140₹6₹146(+4.29%)
16 Sept 2026₹140₹5₹145(+3.57%)
15 Sept 2026₹140₹10₹150(+7.14%)
14 Sept 2026₹140₹23₹163(+16.43%)
13 Sept 2026₹140₹15₹155(+10.71%)
12 Sept 2026₹140₹15₹155(+10.71%)
11 Sept 2026₹140₹20₹160(+14.29%)
10 Sept 2026₹140₹25₹165(+17.86%)
9 Sept 2026₹140₹24₹164(+17.14%)
8 Sept 2026₹140₹33₹173(+23.57%)
7 Sept 2026₹140₹30₹170(+21.43%)
6 Sept 2026₹140₹30₹170(+21.43%)
5 Sept 2026₹140₹22₹162(+15.71%)
4 Sept 2026₹140₹22₹162(+15.71%)
3 Sept 2026₹140₹18₹158(+12.86%)
2 Sept 2026₹140₹18₹158(+12.86%)
1 Sept 2026₹140₹18₹158(+12.86%)

Performance Veegaland Developers

Issue PriceListing GainCurrent Market PriceP/L
₹130 to ₹140₹ 154 (10%) ₹ 125.66-10.24%

About Veegaland Developers

Veegaland Developers is a Kerala-based real estate developer focused primarily on residential projects in key urban markets such as Kochi, Thiruvananthapuram, Kozhikode and Thrissur. The company develops and markets premium, ultra-premium and luxury residential properties, including apartments and boutique developments. Its projects are executed through a mix of outright land acquisition and joint development arrangements with landowners. The company uses third-party contractors and specialist agencies for construction, architecture and engineering, while generating revenue mainly through the sale of completed or under-development residential units.

Founded in2007
Managing directorKochouseph Thomas Chittilappilly
Parent organizationV-Guard Group

Financial Overview

Strengths

4
  1. 1

    Strong brand and group backing. Association with the V-Guard Group provides established brand recognition and credibility.

  2. 2

    Focus on premium housing. Concentration on premium and luxury residential segments can support higher realisations and margins.

  3. 3

    Presence across major Kerala markets. Operations across Kochi, Thiruvananthapuram, Kozhikode and Thrissur provide geographic diversification within Kerala.

  4. 4

    Strong project pipeline. The company has completed, ongoing and upcoming projects, providing potential for continued revenue growth.

Risks

4
  1. 1

    High dependence on Kerala. Concentration in one state exposes the company to local economic, regulatory and real-estate market conditions.

  2. 2

    Real-estate execution risk. Delays in construction, approvals, contractor performance or land-related matters can affect project completion and cash flows.

  3. 3

    Premium-segment sensitivity. Demand for luxury and high-value homes can weaken during economic slowdowns or periods of higher interest rates.

  4. 4

    Third-party dependency. Reliance on external contractors, architects and specialist agencies creates risks related to cost overruns, quality and project timelines.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)19.13
Non-Institutional Investors (NIIs)19.41
Retail Individual Investors (RIIs)9.95
EmployeeN/A
Total14.6