Veegaland Developers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 8.54x | 7,500,000 | 64,031,903 | ₹105 Cr |
| NII (HNI) | 19.14x | 2,250,000 | 43,074,562 | ₹32 Cr |
| Retail | 9.70x | 5,250,000 | 50,932,214 | ₹74 Cr |
| Σ Total | 10.54x | 15,000,000 | 158,038,679 | ₹210 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| S-HNI (Min) | 14 | 1,498 | ₹209,720 |
| B-HNI (Min) | 67 | 7,169 | ₹1,003,660 |
Financial Statements Amount in ₹ Crores
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 254 | 196 | 115 |
| EBITDA | 43 | 34 | 17 |
| Profit After Tax | 27 | 20 | 8 |
| Net Worth | 267 | 65 | 45 |
| Total Assets | 484 | 327 | 221 |
| Reserves & Surplus | 233 | 60 | 40 |
| Total Borrowing | 86 | 177 | 120 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects – 119.83
- Funding unidentified acquisition of land and general corporate purposes –
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. 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.
Their business projects can be classified into the following categories based on the nature and description of each project:
- Completed Projects: 10 Completed Projects
- Ongoing Projects: 12 Ongoing Projects
- Upcoming Projects: 3 Upcoming
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 June 30, 2026, The Company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area. These comprised of 692 units (including 43 units allocated to landowners under JDAs).
As of June 30, 2026, the company had employed 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