Veegaland Developers IPO opens today, September 10, 2026, giving investors an opportunity to subscribe to the ₹210 crore public issue.
The IPO will remain open until September 15, while the shares are proposed to be listed on September 18.
The real estate developer has fixed the price band at ₹130 to ₹140 per share.
The issue is entirely a fresh issue of 1.50 crore shares, with no offer-for-sale component.
Veegaland Developers IPO Price and Lot Size
The minimum lot size is 107 shares. At the upper price of ₹140 per share, retail investors will need a minimum investment of ₹14,980 for one lot.
Investors can bid for additional lots in multiples of 107 shares, subject to the applicable investment limits.
The IPO has a face value of ₹10 per equity share.
The issue is being conducted through the book-building process and the shares are proposed to be listed on both BSE and NSE.
Veegaland Developers IPO Dates and Listing
The Veegaland Developers IPO opens on September 10 and closes on September 15, 2026.
The basis of allotment is expected to be finalised on September 16, followed by initiation of refunds and credit of shares on September 17.
The proposed listing date is September 18. Investors should note that IPO timelines can be subject to changes, so the final schedule should be checked through the official issue documents and exchange updates.
Where Will the IPO Money Be Used
A major portion of the funds raised is planned for the development of the company’s ongoing projects.
Around ₹119.83 crore, or about 57.06% of the issue proceeds, is earmarked for this purpose.
The company operates in residential real estate and develops multi-storey apartment projects across Kerala.
Its projects cover segments ranging from mid-premium and premium housing to ultra-premium and luxury residential properties.
Veegaland Developers has projects across markets including Kochi, Thiruvananthapuram, Kozhikode and Thrissur.
Its business model involves developing residential properties through land purchases as well as joint-development arrangements with landowners.
What Investors Should Check Before Applying
The IPO has also attracted attention in the grey market, where recent reports have indicated a premium over the issue price.
However, GMP is an unofficial market indicator and can change before listing, so it should not be treated as a guaranteed listing gain.
Investors should examine the company’s financial performance, project pipeline, use of IPO proceeds, business concentration in Kerala and risks associated with real estate demand and construction costs before making an investment decision.
An IPO investment carries market risk, and neither the issue price nor grey-market indications can guarantee the price at which the stock will trade after listing.
