Veegaland Developers Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹130 – ₹140
Lot Size: 107 shares
Min. Investment: ₹14,980
Total Issue Size: ₹210 Cr; 1,50,00,000 shares
Fresh Issue: ₹210 Cr; 1,50,00,000 shares
Offer for Sale: ₹0 Cr
Face Value: ₹10 per share
Issue Type: Book-built IPO
Listing At: BSE, NSE
Shares Pre-Issue: 3,37,50,000
Shares Post-Issue: 4,87,50,000

Lot Size & Investment

1 lot = 107 shares

Retail (min)

1 lot · 107 shares

Retail (max)

13 lots · 1,391 shares

S-HNI (min)

14 lots · 1,498 shares

Application	Lots	Shares	Amount
Retail	1	107	₹14,980
Small HNI (S-HNI)	14	1,498	₹2,09,720
Big HNI (B-HNI)	67	7,169	₹10,03,660

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	483.81	326.65	221.01
Total Income	254.16	196.22	114.61
Profit After Tax	26.61	20.43	7.87
EBITDA	42.64	33.77	16.72
Net Worth	266.9	65.44	45.07
Reserves & Surplus	233.15	60.44	40.07
Total Borrowing	85.59	176.97	120.23

Key Performance Indicators

Key performance indicators
Period	Mar-26
RoNW (%)	16.02
EPS (₹)	7.89
P/E (pre-issue)	17.74
P/E (post-issue)	25.64

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. 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 Upcoming Projects: 3 Upcoming 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. 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