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Latest GMP
- Lead Manager
- Cumulative Capital Private Limited
- IPO Open Date
- 10th Sep 2026
- IPO Close Date
- 15th Sep 2026
- Allotment date
- 16th Sep 2026
- Listing date
- 18th Sep 2026
- Issue Size
- ₹ 210 Cr.
- Issue Price Band
- ₹ 130 to 140
- Lot Size
- 107 Share
- Minimum Investment
- ₹ 14980
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Veegaland Developers Limited
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.
It 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.
Project Portfolio
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 Projects
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).
Business Approach
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.
Workforce
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 32,30,768 (28.57%) | 14,57,875 | 0.45 |
| NII | 24,23,077 (21.43%) | 22,68,293 | 0.94 |
| bNII (> ₹10L) | 16,15,385 (14.29%) | 13,56,011 | 0.84 |
| sNII (< ₹10L) | 8,07,692 (7.14%) | 9,12,282 | 1.13 |
| Retail | 56,53,847 (50.00%) | 93,25,799 | 1.65 |
| Total | 1,13,07,692 (100.00%) | 1,30,51,967 | 1.15 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 11-09-2026 | ₹140 | ₹20 | ₹160 ( 14.29% ) | ₹2,140.00 | 11-Sep-2026 04:07 PM |
| 10-09-2026 | ₹140 | ₹24 | ₹164 ( 17.14% ) | ₹2,568.00 | 10-Sep-2026 10:07 AM |
| 08-09-2026 | ₹140 | ₹30 | ₹170 ( 21.43% ) | ₹3,210.00 | 08-Sep-2026 10:13 AM |
| 05-09-2026 | ₹140 | ₹22 | ₹162 ( 15.71% ) | ₹2,354.00 | 05-Sep-2026 10:09 AM |
| 04-09-2026 | ₹140 | ₹18 | ₹158 ( 12.86% ) | ₹1,926.00 | 04-Sep-2026 10:11 AM |
| 02-09-2026 | ₹140 | ₹18 | ₹158 ( 12.86% ) | ₹1,926.00 | 02-Sep-2026 10:15 AM |
Financials of Veegaland Developers Limited
A quick overview of the key financial performance of Veegaland Developers Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 30%, Profit after Tax (PAT) increased by 30%, Total Assets increased by 48% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 110.77 | 192.38 | 250.98 |
| Assets | 221.01 | 326.65 | 483.81 |
| Total Income | 114.61 | 196.22 | 254.16 |
| Profit After Tax | 7.87 | 20.43 | 26.61 |
| EBITDA | 16.72 | 33.77 | 42.64 |
| Net Worth | 45.07 | 65.44 | 266.90 |
| Reserves & Surplus | 40.07 | 60.44 | 233.15 |
| Total Borrowings | 120.23 | 176.97 | 85.59 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
107
₹ 14,980
Retail (Max)
13
1,391
₹ 1,94,740
S-HNI (Min)
14
1,498
₹ 2,09,720
S-HNI (Max)
66
7,062
₹ 9,88,680
B-HNI (Min)
67
7,169
₹ 10,03,660
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹ 14,980 |
| Retail (Max) | 13 | 1,391 | ₹ 1,94,740 |
| S-HNI (Min) | 14 | 1,498 | ₹ 2,09,720 |
| S-HNI (Max) | 66 | 7,062 | ₹ 9,88,680 |
| B-HNI (Min) | 67 | 7,169 | ₹ 10,03,660 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 16.02 |
| ROCE (%) | 11.89 |
| Debt / Equity | 0.32 |
| RoNW (%) | 16.02 |
| PAT Margin (%) | 10.47 |
| EBITDA Margin (%) | 16.78 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
8.77
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
92
-
|
IPO Lead Manager(s)
Lead Manager Details
- Cumulative Capital Private Limited
- Contact Person: Swapnilsagar Vithalani / Hetal Gajra
- SEBI Registration Number: INM000013129
- Investor Grievance Email: investor@cumulativecapital.group
- Website: https://www.cumulativecapital.group
- Email: veegaland.ipo@cumulativecapital.group
- Phone: +91 9819 662 664 / +91 98709 24935
- Address: B 309-311, 215 Atrium, Nr. Courtyard Marriott Hotel, Andheri Kurla Road, Andheri East, Chakala MIDC, Mumbai 400093, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Veegaland Developers Limited
- cs@veegaland.in
- Phone
- +91 484 258 4000
- Contact Person
- Akshay Anand T S
- Corporate Identity Number
- U45201KL2007PLC021107
- Address
- XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam 682021, Kerala, India
- Website
- https://www.veegaland.com/
Veegaland Developers Limited FAQs
