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Veegaland Developers IPO Details

Bookbuilding IPO | ₹250 Cr | Listing at BSE, NSE |

SEBI has approved the Initial Public Offer (IPO) of Veegaland Developers Ltd. on June 1, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.

Veegaland Developers Ltd. IPO is a Book Build Issue of ₹250.00 crores consisting solely of fresh issue of shares with no offer for sale component.

The equity shares are proposed to be listed on NSE and BSE. Cumulative Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Veegaland Developers IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹10 per share
Price Band
Lot Size
Sale Type

Fresh capital Only
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

[.] shares (agg. up to ₹250 Cr)
Fresh Issue

[.] shares (agg. up to ₹250 Cr)
Offer for Sale

3,37,50,000 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Tue, Dec 30, 2025
SEBI/Exchange approval received	Mon, Jun 1, 2026

Issue 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

About Veegaland Developers Ltd.

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.

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 October 31, 2025, the company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area.

As of October 31, 2025, the company had employed 100 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

Company Financials (Restated)

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	400.62	326.65	221.01	196.02
Total Income	125.14	196.22	114.61	110.08
Profit After Tax	11.29	20.37	7.83	14.48
EBITDA	18.92	33.77	16.72	24.22
NET Worth	251.73	65.44	45.07	37.24
Reserves and Surplus	217.98	60.44	40.07	32.24
Total Borrowing	48.57	176.97	120.23	122.15
Amount in ₹ Crore

Recently Listed IPOs in Realty

Company	Issue Type	Issue Size	Issue Price	Listing Day Close	Listing Gain/Loss %	LTP
Sri Lotus Developers & Realty Ltd.	Mainboard	₹792.00 Cr	₹150	₹195.67	+30.45%	₹137.07 (+2.24%)
Kalpataru Ltd.	Mainboard	₹1,590.00 Cr	₹414	₹432.95	+4.58%	₹314.45 (+1.36%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects

111.60
2 Acquisition of identified land parcel for development of residential real estate projects

18.49
3 Funding unidentified acquisition of land and general corporate purposes

Key Performance Indicator (KPI)

KPI	Mar 31, 2025
ROE	36.96%
ROCE	13.75%
Debt/Equity	2.70
RoNW	36.96%
PAT Margin	10.41%
EBITDA Margin	17.21%

	Pre IPO	Post IPO
Promoter Holding	92.00%

Kochouseph Thomas Chittilappilly and K. Chittilappilly Trust are the promoters of the company.

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
veegalanddevelopers.ipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

Cumulative Capital Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Veegaland Developers Ltd. Address

XXXV/564, 4th Floor,

K C F Tower, Bharat Matha College Road,

Kakkanadu, Thrikkakara,

Ernakulam, Kerala, 682021

+91 484 258 4000
cs@veegaland.in
Visit Website

IPO FAQs

What is the Veegaland Developers IPO?

Veegaland Developers IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹250 Crores. The issue is priced at To be declared. The minimum order quantity is .

The Veegaland Developers IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Veegaland Developers IPO through Angel One?

Angel One customers can apply online in Veegaland Developers IPO using UPI as a payment gateway. Angel One customers can apply in Veegaland Developers IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Veegaland Developers IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Veegaland Developers IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Veegaland Developers IPO will open?

The Veegaland Developers IPO dates are not announced. Please check back again after some time.

What is the lot size of Veegaland Developers IPO?

Veegaland Developers IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Veegaland Developers IPO?

You can apply in Veegaland Developers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Veegaland Developers IPO allotment?

The finalization of Basis of Allotment for Veegaland Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Veegaland Developers IPO allotment status.

When is Veegaland Developers IPO listing date ?

The Veegaland Developers IPO listing date is not yet announced. The tentative date of listing is .