Veegaland Developers came to market through an IPO that opened on 10 September 2026 and closed on 15 September 2026, and the shares listed on 18 September 2026 on BSE, NSE. The price band was ₹130 to ₹140 per share and one lot was 107 shares, so the minimum application was ₹14,980. The issue size was ₹210 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹154, a gain of 10% against the issue price of ₹140. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Cumulative Capital Pvt.Ltd was the lead manager.
As of 15 September 2026.
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Overall the issue was subscribed 14.60 times.
Veegaland Developers Limited specializes in developing real estate projects that include residential, commercial, and mixed-use projects. The organization develops, plans, constructs, and executes real estate projects. Quality construction, up-to-date design, and on-time execution are some of the core strengths of Veegaland Developers Limited, which normally engages in housing projects, commercial complexes, and integrated developments to cater to varied customer categories.
The main goal of Veegaland Developers Limited is to develop sustainable and value-based real estate properties by using efficient and customer-friendly construction practices and adhering to the regulations in the real estate industry. As on October 31, 2025, the organization has completed 10 residential projects totaling to an aggregate of 11.05 lakh square feet of saleable area. As on October 31, 2025, the organization has employed 100 full-time employees.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Veegaland Developers Limited finalised its anchor investor allocation on September 9, 2026, raising ₹63.00 crore from 10 institutional investors at an anchor price of ₹140 per share. The anchor book comprises 45,00,000 equity shares, with domestic mutual funds receiving 7.94% of the allocation through Taurus Mutual Fund's two schemes — Taurus Mid Cap Fund and Taurus Flexi Cap Fund. No bids were received from life insurance companies or pension funds.
The remaining allocation was led by EQ India Fund at 23.80%, followed by Swyom India Alpha Fund at 15.87%, Tiger Strategies Fund – I at 12.70%, and Navbharat Investment Trust, Innovative Vision Fund, Visionary Value Fund, VBCUBE Ventures Trust, and CP Capital Limited, each at 7.94%.
Kochouseph Thomas Chittilappilly, K.Chittilappilly Trust. Promoter holding 92% before the issue and 63.69% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Veegaland Developers IPO was a ₹210 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹130–₹140 per share with a lot size of 107 shares (₹14,980). The IPO was open from September 10 to September 15, 2026 and was subscribed 14.6x. Shares listed on BSE and NSE on September 18, 2026 at ₹154, a 10.0% premium to the issue price of ₹140. MUFG Intime India Pvt. Ltd. is the registrar. Cumulative Capital Pvt. Ltd.
is the book running lead manager.
The price band of Veegaland Developers IPO is ₹130 to ₹140 per share.
The lot size of Veegaland Developers IPO is 107 shares.
The minimum investment for Veegaland Developers IPO is approximately ₹14,980 based on the upper price band.
The allotment date of Veegaland Developers IPO is Sep 16, 2026.
No GMP quote could be verified as recorded before Veegaland Developers IPO listed. A grey-market observation of ₹6 per share was recorded on 18 Sep 2026, 7:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹154. GMP is unofficial and does not forecast or guarantee the actual listing price.
Veegaland Developers IPO listed on Sep 18, 2026. It was issued at ₹154.0(NSE) and is currently around ₹130.00 as on 30-Oct-2026 3:30 PM, which is approximately -7.1% versus issue price. The 52-week high is ₹154.00.
You can check Veegaland Developers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Veegaland Developers IPO allotment status on Rupix for quick and easy access.
₹130 to ₹140 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 107 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,980.
₹14,980, for one lot of 107 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 September 2026 and closed on 15 September 2026.
The basis of allotment was published on 16 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 18 September 2026 on BSE, NSE, opening at ₹154.
The issue size was ₹210 crore. The fresh issue was 1,50,00,000 shares (aggregating up to ₹210 crore).
It listed at ₹154 against an issue price of ₹140, a gain of 10 percent on listing day.