Veegaland Developers Limited IPO
10 Sept 2026 – 15 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹145.5
- H
- ₹153.8
- L
- ₹142.5
- C
- ₹148.64
12 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹130 – ₹140
- Lot Size
- 107 shares
- Min Investment
- ₹14,980 (1 lot · 107 shares)
- Face Value
- ₹10
- Fresh Issue
- ₹210 Cr (to the company)
- Issue Size
- Initial Public offer comprising of Fresh issue of aggregating up to Rs 21,000 lakhs (including Anchor portion of 45,00,000 Equity Shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹9 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 17 Sept | ₹8.5 | +6.1% | +₹3.5 | ₹148.5 | |
| 16 Sept | ₹5 | +3.6% | −₹2 | ₹145 | |
| 15 Sept | ₹7 | +5.0% | −₹15 | ₹147 | |
| 14 Sept | ₹22 | +15.7% | +₹7 | ₹162 | |
| 13 Sept | ₹15 | +10.7% | — | ₹155 | |
| 12 Sept | ₹15 | +10.7% | −₹5 | ₹155 | |
| 11 Sept | ₹20 | +14.3% | −₹5 | ₹160 | |
| 10 Sept | ₹25 | +17.9% | +₹4 | ₹165 | |
| 9 Sept | ₹21 | +15.0% | −₹12 | ₹161 | |
| 8 Sept | ₹33 | +23.6% | — | ₹173 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 32,30,76828.6% | 4,90,45,376 | 15.18x |
| NII / HNI | 24,23,07721.4% | 3,30,83,758 | 13.65x |
| bNII · bids above ₹10L | 16,15,38514.3% | 2,14,65,912 | 13.29x |
| sNII · bids ₹2L–₹10L | 8,07,6927.1% | 1,16,17,846 | 14.38x |
| Retail | 56,53,84750.0% | 3,77,94,005 | 6.68x |
Bids received on NSE, as at 15-Sep-2026 19:00:34 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 15 Sept | — | — | — | 10.61x |
| 14 Sept | 0.45x | 0.94x | 1.67x | 1.17x |
| 13 Sept | 0.45x | 0.94x | 1.67x | 1.17x |
| 12 Sept | 0.45x | 0.94x | 1.65x | 1.15x |
| 11 Sept | 0.45x | 0.94x | 1.65x | 1.15x |
| 10 Sept | 0.45x | 0.39x | 0.82x | 0.62x |
Financials
All values in ₹ crore
About Veegaland Developers
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
As published in the company's own offer documents.
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
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Cumulative Capital Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 107 | ₹14,980 |
| Retail (max)most that stays under ₹2L | 13 | 1,391 | ₹1,94,740 |
| S-HNI (min)first bid over ₹2L | 14 | 1,498 | ₹2,09,720 |
| S-HNI (max)most that stays under ₹10L | 66 | 7,062 | ₹9,88,680 |
| B-HNI (min)first bid over ₹10L | 67 | 7,169 | ₹10,03,660 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 107 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 1,13,07,653 Equity Shares in multiple of 107 Equity Shares (Calculated at lower end price band)
- Max Bid (NII)
- 80,76,895 Equity Shares in multiple of 107 Equity Shares (Calculated at lower end price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 15-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Axis Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C-101, Embassy 247, L.B.S. Marg Vikhroli (West), Mumbai - 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 810 811 4949, veegalanddevelopers.ipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Veegaland Developers Limited IPO today?
The latest grey market premium for Veegaland Developers Limited IPO is ₹9. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Veegaland Developers Limited IPO?
The price band is ₹130 – ₹140, with a lot size of 107 shares. The minimum investment is ₹14,980.
When does Veegaland Developers Limited IPO open and close?
The issue opens on 10 Sept 2026 and closes on 15 Sept 2026. Listing is expected on 18 Sept 2026.
Who is the registrar for Veegaland Developers Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.