Veegaland Developers IPO
Bookbuilding IPO | ₹210.00 Cr | Listing at BSE, NSE
IPO Open
Thu, Sep 10, 2026
IPO Close
Tue, Sep 15, 2026
Price Band
₹130.00 to ₹140.00
Market Cap (Pre-IPO)
₹682.50 Cr
IPO Details
| IPO Date | Sep 10, 2026 to Sep 15, 2026 |
| Listing Date | Tentative: Sep 18, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹130.00 to ₹140.00 |
| Lot Size | 107 Shares (Minimum: ₹14,980.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹210.00 Crores |
| Total Shares Offered | 15,000,000 shares |
| Fresh Issue | 15,000,000 shares |
| Offer For Sale | 15,000,000 shares |
Veegaland Developers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Veegaland Developers IPO Lot Size
Investors can bid for a minimum of 107 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| S-HNI (Min) | 14 | 1,498 | ₹209,720 |
| S-HNI (Max) | 66 | 7,062 | ₹988,680 |
| B-HNI (Min) | 67 | 7,169 | ₹1,003,660 |
Veegaland Developers Financial Information (Restated Consolidated)
Veegaland Developers Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 30% between the financial year ending with March 31, 2026 and March 31, 2025.
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 16.02% |
| ROCE (Return on Capital Employed) | 11.89% |
| Debt/Equity | 0.32 |
| RoNW (Return on Net Worth) | 16.02% |
| PAT Margin (Profit After Tax Margin) | 10.47% |
| EBITDA Margin | 16.78% |
| Price to Book Value | 1.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.89 | 5.46 |
| P/E (x) | 17.74 | 25.64 |
Company Overview
Veegaland Developers Ltd. – Company Overview
- Veegaland Developers Ltd. is a real estate development company engaged in developing residential, commercial, and mixed-use projects.
- The company undertakes planning, construction, and execution of property developments, with a focus on quality construction, modern design, timely delivery, and customer satisfaction.
- The company's developments include residential projects, commercial complexes, and integrated developments, catering to diverse customer segments.
- Veegaland Developers focuses on creating sustainable and value-driven properties through efficient construction practices, customer-centric approaches, and compliance with applicable real estate regulations.
- As of June 30, 2026, the company had completed 10 residential projects with an aggregate saleable area of 11.05 lakh sq. ft.
- These completed projects comprised 692 units, including 43 units allocated to landowners under Joint Development Agreements (JDAs).
- As of June 30, 2026, the company had 127 full-time employees.
Company 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
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Veegaland Developers IPO Peer Comparison
Veegaland Developers peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Veegaland Developers | 8.77 | 8.77 | 79.08 | - | 16.02 | - | - |
| Shriram Properties | 5.91 | 5.91 | 85.55 | 12.91 | 7.16 | - | - |
| Puravankara | 2.69 | 2.69 | 75.37 | 84.24 | 3.23 | - | - |
Quick Info
| Sector | Real Estate and Construction |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹682.50 Cr |
Important Dates
| IPO Open | Sep 10, 2026 |
| IPO Close | Sep 15, 2026 |
| Allotment Date | Sep 16, 2026 |
| Credit to Demat | Sep 17, 2026 |
| Listing Date | Tentative: Sep 18, 2026 |
Lead Manager(s)
Cumulative Capital Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹210.00 crores.
- Issue Structure: Entirely a fresh issue of 1.50 crore shares aggregating to ₹210.00 crores.
- IPO Dates: The issue opens on September 10, 2026 and closes on September 15, 2026.
- Allotment Date: The allotment is expected to be finalized on September 16, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on September 18, 2026.
- Retail Investment Requirement: Minimum 1 lot (107 shares) amounting to approximately ₹14,980 (at the upper price band).
- Issue Price Band: ₹130 to ₹140 per equity share.
- Lot Size: 107 shares per lot.
This IPO offers investors an opportunity to participate in the company through an entirely fresh issue of shares.