Minimum Investment
About Company
Company Name: Veegaland Developers Limited
Industry / Sector: Real Estate / Residential, Commercial & Mixed-Use Projects
Founded Year: 2007
Promoters: Kochouseph Thomas Chittilappilly, K. Chittilappilly Trust
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. As of June 30, 2026, the company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area, comprising 692 units (including 43 units allocated to landowners under JDAs). As of June 30, 2026, the company had employed 127 full-time employees.
IPO Basic Details
| Company Name | Veegaland Developers Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹130 – ₹140 |
| Lot Size | 107 Shares |
| Total Issue Size | 1,50,00,000 Equity Shares (₹210 Cr) |
IPO Strengths & Risks
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
Risks
- High dependence on the real estate sector
- Exposure to economic cycles affecting property demand
- Project execution and regulatory approval risks
- Competition from other real estate developers
- Working capital intensive business model
IPO Important Dates
| IPO Open Date | 10 Sep 2026 |
| IPO Close Date | 15 Sep 2026 |
| Basis of Allotment | 16 Sep 2026 |
| Refund Initiation | 17 Sep 2026 |
| Demat Credit Date | 17 Sep 2026 |
| Listing Date | 18 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | Not more than 50% of the Net Issue |
| Retail Quota | Not less than 35% of the Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 107 | ₹14,980 |
| Retail Maximum | 13 Lots | 1,391 | ₹1,94,740 |
| S-HNI Minimum | 14 Lots | 1,498 | ₹2,09,720 |
| S-HNI Maximum | 66 Lots | 7,062 | ₹9,88,680 |
| B-HNI Minimum | 67 Lots | 7,169 | ₹10,03,660 |
Key Performance Indicators (KPI)
| ROE | 16.02% |
| ROCE | 11.89% |
| RoNW | - |
| PAT Margin | 10.47% |
| EBITDA Margin | 16.78% |
| EPS | ₹7.89 (Pre-IPO), ₹5.46 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.32 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹483.81 Cr | ₹254.16 Cr | ₹26.61 Cr | ₹42.64 Cr | ₹266.90 Cr | ₹85.59 Cr |
| FY2025 | ₹326.65 Cr | ₹196.22 Cr | ₹20.43 Cr | ₹33.77 Cr | ₹65.44 Cr | ₹176.97 Cr |
| FY2024 | ₹221.01 Cr | ₹114.61 Cr | ₹7.87 Cr | ₹16.72 Cr | ₹45.07 Cr | ₹120.23 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Manager(s)
Company Information
Address: XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam, Kerala - 682021
Website: https://www.veegaland.com/
Email: cs@veegaland.in
Phone: +91 484 258 4000
IPO Documents
Frequently Asked Questions (FAQ)
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