Veegaland Developers IPO opens on 10-15 Sept and is a Mainboard issue among the upcoming Indian IPOs. The company aims to raise ₹210 Cr via this future IPO in India with a price range of ₹130 to ₹140 per share.
Veegaland Developers IPO Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹14,980
107 shares at the upper band of ₹140
Fresh issue share
100%
₹210 Cr of the ₹210 Cr issue
Revenue growth
+29.5%
31 Mar 2025 → 31 Mar 2026
Profit growth
+30.2%
PAT ₹20.43 Cr → ₹26.61 Cr
Net profit margin
10.5%
was 10.4% in 31 Mar 2025
Debt to equity
0.32
lower is safer
Return on equity
16.02%
ROE
GMP-implied listing gain
+12.9%
₹18 premium on a ₹140 issue price
A retail application for Veegaland Developers needs one lot of 107 shares, which works out to ₹14,980 at the upper band of ₹140. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application.
The whole ₹210 Cr is a fresh issue. Every rupee raised stays with the company and can fund the stated objects of the issue, which is generally a better sign than an offer that mainly lets existing holders sell down.
Revenue moved from ₹196.22 Cr in 31 Mar 2025 to ₹254.16 Cr in 31 Mar 2026 (+29.5%), while profit after tax went from ₹20.43 Cr to ₹26.61 Cr (+30.2%). Growth in profit broadly tracks growth in revenue.
A grey market premium of ₹18 on the upper band of ₹140 implies a listing gain of roughly 12.9%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
What looks good
- The entire issue is a fresh issue, so all of the money raised goes to the company rather than to exiting shareholders.
- A debt-to-equity ratio of 0.32 points to a conservatively funded balance sheet.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
About Veegaland Developers
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
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.
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
Q1. What is Veegaland Developers IPO?
Veegaland Developers IPO is a Mainboard issue among the new IPOs coming in India. The company will raise ₹210 Cr via this upcoming Indian IPO, priced at ₹130 to ₹140 per equity share.
Q2. When will Veegaland Developers IPO open for subscription?
This future IPO opens on 10-15 Sept. Stay updated with all IPOs to come this week and upcoming launches.
Q3. What is Veegaland Developers IPO Investors' Portion?
QIB: 50%, HNI: 15%, Retail: 35%
Q4. What is Veegaland Developers IPO Issue Size?
Total issue size is ₹210 Cr.
Q5. What is Veegaland Developers IPO Price Band?
The price band is ₹130 to ₹140 per equity share.
Q6. What is Veegaland Developers IPO Lot Size?
Minimum bid is 107 shares.
Q7. What is the Veegaland Developers IPO Allotment Date?
The allotment will be finalized on 16 Sep 2026.
Q8. What is the Veegaland Developers IPO Listing Date?
The IPO will list on 18 Sep 2026.
