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Veegaland Developers IPO
Price Band
₹130.0–140.0
Issue Size
₹210.0 Cr
Lot Size
107 shares
Min Investment
₹14,980
GMP
+₹8.5 (6.07%)
Issue Price
₹140.0
Subject to Sauda
₹700
Paid only if allotted
Veegaland Developers IPO AI Summary
- Veegaland Developers IPO is listed on BSE, NSE in the Residential, Commercial Projects sector.
- Price band: ₹130.0–₹140.0 per share, lot size 107 shares (min. investment ₹14,980).
- Subscription window: 10 Sep–15 Sep 2026, listing on 18 Sep 2026.
- Current GMP is +₹8.5 (6.07%), an estimated listing price of ₹149 — unofficial and can change daily.
Veegaland Developers Limited is an established player in the real estate sector, focusing on quality and timely project delivery. With a strong financial performance and a well-defined use of IPO proceeds, the company aims to continue its growth trajectory.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Veegaland Developers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
14.60x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
19.13x
|
19x ✓ |
| NII (HNI) |
19.41x
|
19x ✓ |
| ↳ bNII (>₹10L) |
18.59x
|
19x ✓ |
| ↳ sNII (<₹10L) |
21.06x
|
21x ✓ |
| Retail (RII) |
9.95x
|
9.95x |
| Total | 14.60x | 14.60x |
Auto-updated every 5 min · As of 15th Sep 2026 18:55
Veegaland Developers IPO Grey Market Premium (GMP) Today
GMP
+₹8.5
GMP %
+6.07%
Est. Listing
₹148.5
Updated: 18 Sep 2026 09:15
GMP Trend (Last 17 Days)
About the Company
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. The company emphasizes quality construction, modern design, and timely project delivery. Its portfolio typically includes housing projects, commercial complexes, and integrated developments catering to diverse customer segments. 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. As of October 31, 2025, the company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area. As of October 31, 2025, the company had employed 100 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
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 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 and Surplus | 233.15 | 60.44 | 40.07 |
| Total Borrowing | 85.59 | 176.97 | 120.23 |
Key Ratios
EPS
₹7.89
NAV
₹79.08
ROE
16.02%
ROCE
11.89%
RoNW
16.02%
P/B Value
1.77
P/E Ratio
17.74
Market Cap
₹682.50 Cr
PAT Margin
10.47%
Debt/Equity
0.32
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Puravankara | 75.37 | 3.23% | 84.24 | 2.69 | 2.69 |
| Shriram Properties | 85.55 | 7.16% | 12.91 | 5.91 | 5.91 |
| Veegaland Developers This IPO | 79.08 | 16.02% | — | 8.77 | 8.77 |
Promoters
Kochouseph Thomas Chittilappilly, K.Chittilappilly Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects 119.83 2 Funding unidentified acquisition of land and general corporate purposes Total 119.83
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹114.61 Cr in the period ending 31 Mar 2024, rising to ₹196.22 Cr by 31 Mar 2025, and further increasing to ₹254.16 Cr by 31 Mar 2026. This indicates a consistent upward trend in revenue over the periods.
Profit Trend
Profit after tax was ₹7.87 Cr in the period ending 31 Mar 2024, increasing to ₹20.43 Cr by 31 Mar 2025, and reaching ₹26.61 Cr by 31 Mar 2026. This demonstrates a steady growth in profitability across the periods.
Valuation
Veegaland Developers has an implied P/E ratio of 17.74 at the issue price, compared to peers trading at P/E ratios of approximately 12.91 to 84.24.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which the shares might list on the stock exchange compared to the issue price. A positive GMP suggests that investors are optimistic about the stock's performance on listing day.
Subscription Demand
As of 15th Sep 2026, the IPO was subscribed 14.6 times overall. The institutional category saw significant interest, with QIBs subscribing 19.13 times and NIIs subscribing 19.41 times. Retail investors subscribed 9.95 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns might want to avoid IPOs, as they can be subject to high volatility and uncertainty in the initial trading period.
IPO Timeline, Explained
The IPO will open for subscription on 10th September 2026 and close on 15th September 2026. Allotment of shares will be finalized by 16th September 2026, with the listing expected on 18th September 2026.
Listing Gains — The Risk
Listing day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the stock. While some IPOs may see a surge in price on the first day, others may not perform as expected.
This evaluation is generated from Veegaland Developers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Veegaland Developers IPO GMP today?
Veegaland Developers IPO GMP today is +₹8.5 (6.07%), indicating an estimated listing price of ₹149. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Veegaland Developers IPO?
The price band of Veegaland Developers IPO is ₹130.0–₹140.0 per share.
When does Veegaland Developers IPO open and close?
Veegaland Developers IPO opens on 10 September 2026 and closes on 15 September 2026.
When does Veegaland Developers IPO list on the stock exchange?
Veegaland Developers IPO listed on 18 September 2026 at ₹148.5.
What is the lot size for Veegaland Developers IPO?
The lot size for Veegaland Developers IPO is 107 shares, requiring a minimum investment of ₹14,980.
What is the price band for the IPO?
The price band for the IPO is ₹130.0 to ₹140.0.
What is the minimum investment amount?
The minimum investment amount is ₹14,980.
What is the lot size for this IPO?
The lot size for this IPO is 107 shares.
When is the listing date for the shares?
The listing date for the shares is 18th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium at which the shares might list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Sep 2026
Close
15 Sep 2026
Allotment
16 Sep 2026
Listing
18 Sep 2026
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