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HomeIPOVeegaland Developers

About Veegaland Developers

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.

Checklist Quality Analysis

Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Veegaland Developers

Veegaland Developers

Open Date

Sep 10, 2026

Close Date

Sep 15, 2026

listed

Min Investment

₹14,980

Lot Size

107 Shares

Issue Size

₹210 Cr

Price Range

₹130 - ₹130

Listing Date

Sep 18, 2026

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RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹8(+5.71%)GMP
5.71%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Veegaland Developers IPO - Issue Objectives

The company will use ₹119.82 crore for development of its ongoing residential projects. IPO proceeds for land acquisition, issue expenses and corporate purposes.

Development of ongoing projects

57.1%

General corporate purposes & more

42.9%

1

Development of ongoing projects

The company will use ₹119.82 crore for development of its ongoing residential projects.

57.10%
2

General corporate purposes & more

IPO proceeds for land acquisition, issue expenses and corporate purposes.

42.90%

IPO Subscription Status

QIB
19.13x
NII
19.41x
Individual
9.95x
Total
14.60x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Veegaland Developers

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Strong execution and sales track record

The company has completed projects within or ahead of RERA timelines and achieved 100% sell-through across its completed projects. Its ongoing projects have also recorded strong sales absorption.

02

Strong sales momentum in Kerala

Veegaland was ranked Kerala’s fastest-selling real estate developer as of December 8, 2025. Its sales value grew at a 45.10% CAGR between FY24 and FY26, reaching ₹393.62 crore in FY26.

03

Balanced project pipeline

The company has 10 completed, 12 ongoing and three upcoming projects, providing visibility for continued development and sales.

04

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

High geographic concentration

All the company's completed, ongoing and upcoming projects are located in Kerala, making its performance dependent on the state's economic and real estate conditions.

02

Project execution and cost-overrun risk

Delays, cost overruns, approval issues or slower sales of ongoing and upcoming projects could adversely affect the company's revenue and cash flows.

03

Contact Details

Veegaland Developers

XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam, Kerala, 682021

+914842584000
cs@veegaland.in
https://www.veegaland.com/

Veegaland Developers IPO - FAQs

Veegaland Developers IPO is a Mainboard IPO. The issue is priced at 130-₹140. The minimum order quantity is 107 Shares. The IPO opens on 10 Sep, and closes on 15 Sep. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.








IPO Timeline

  • Pre Apply2026-09-09
  • Bidding Starts2026-09-10
  • Bidding Ends2026-09-15
  • Allotment Finalisation2026-09-16
  • Release of Funds2026-09-17
  • Demat Transfer2026-09-17
  • Listing2026-09-18

Integrated development model

Veegaland manages key stages of the project lifecycle, including land identification, approvals, construction, sales and customer handover, giving it greater control over execution.

05

Experienced promoter and management

Promoter Kochouseph Thomas Chittilappilly has over 49 years of diversified business experience, including more than 16 years in real estate and amusement parks.

Dependence on land availability

Future growth depends on the availability and acquisition of suitable land or development rights at commercially viable prices.

04

Intense competition

The company competes with national and regional developers that may have greater financial resources, stronger brands and wider geographic reach.

05

Regulatory and approval risks

Real estate projects require multiple statutory approvals and compliance with RERA and other regulations. Delays or changes in regulations could affect project timelines and financial performance.