Veegaland Developers IPO Subscription
ListedUpdated 18 September 2026, 9:15 AM IST· Mainboard
Veegaland Developers IPO subscription closed on 15 September 2026 at 14.60x overall by shares. QIB demand came in at 19.13x, NII at 19.41x, and retail at 9.95x. See Retail, SHNI, and BHNI allotment chances in the table…
Veegaland Developers IPO subscription closed on 15 September 2026 at 14.60x overall by shares. QIB demand came in at 19.13x, NII at 19.41x, and retail at 9.95x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 16 September 2026. Listing date on NSE and BSE is 18 September 2026.
Veegaland Developers IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Sept 2026 | 0.48x | 0.42x | 0.89x | 0.67x |
| Day 2 - 11 Sept 2026 | 0.49x | 1.01x | 1.78x | 1.25x |
| Day 3 - 15 Sept 2026 | 19.13x | 19.41x | 9.95x | 14.60x |
Veegaland Developers IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Veegaland Developers IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 8.51x | 1 in 9 |
| SHNI (Rs 2L to Rs 10L) | 20.11x | 1 in 20 |
| BHNI (above Rs 10L) | 3.70x | 1 in 4 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Veegaland Developers IPO Allotment Status page from 16 September 2026 for your result.
Veegaland Developers IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 140.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 42.00 Cr | Rs 803.37 Cr | 19.13x |
| FII | - | Rs 72.27 Cr | - |
| DFI | - | Rs 109.95 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 621.15 Cr | - |
| NII | Rs 31.50 Cr | Rs 611.46 Cr | 19.41x |
| bNII (above Rs 10L) | Rs 21.00 Cr | Rs 390.35 Cr | 18.59x |
| Corporate | - | Rs 10.85 Cr | - |
| Individual | - | Rs 354.77 Cr | - |
| Other | - | Rs 24.73 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 10.50 Cr | Rs 221.11 Cr | 21.06x |
| Corporate | - | Rs 1.59 Cr | - |
| Individual | - | Rs 212.02 Cr | - |
| Other | - | Rs 7.50 Cr | - |
| Retail | Rs 73.50 Cr | Rs 731.00 Cr | 9.95x |
| Cut-off price | - | Rs 640.42 Cr | - |
| Fixed price | - | Rs 90.59 Cr | - |
| Total | Rs 147.00 Cr | Rs 2,145.84 Cr | 14.60x |
Veegaland Developers IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 30,00,000 | 72 | 0.00x |
| FII | - | 3 | - |
| DFI | - | 33 | - |
| Mutual Funds | - | - | - |
| Other | - | 36 | - |
| NII | 1,502 | 13,782 | 9.18x |
| bNII (above Rs 10L) | 1,001 | 3,705 | 3.70x |
| Corporate | - | 109 | - |
| Individual | - | 3,461 | - |
| Other | - | 135 | - |
| sNII (Rs 2L to Rs 10L) | 501 | 10,077 | 20.11x |
| Corporate | - | 69 | - |
| Individual | - | 9,665 | - |
| Other | - | 343 | - |
| Retail | 49,065 | 4,17,687 | 8.51x |
| Cut-off price | - | 3,66,459 | - |
| Fixed price | - | 51,228 | - |
| Total | 30,50,567 | 4,31,541 | 0.14x |
What Do These Subscription Numbers Mean?
14.60x overall by shares means bids covered about 15 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 19.13x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (9.18x by applications). Split: SHNI 20.11x, BHNI 3.70x by applications. SHNI and BHNI allotment is by lottery.
At 8.51x subscription by applications, about 1 in 9 retail applicants may get allotment (~12% chance per application). Retail allotment is also by lottery.
Veegaland Developers IPO GMP After Subscription
GMP for Veegaland Developers IPO stands at Rs 8.00 today, giving an estimated listing price of Rs 148.00 per share.
The GMP has moved lower from Rs 18.00 on 1 Sept 2026 to Rs 8.00 on 18 Sept 2026.
A subscription of 14.60x combined with a GMP of 5.71% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Veegaland Developers IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Veegaland Developers IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 September 2026 |
| IPO Close Date | 15 September 2026 |
| Allotment Date | 16 September 2026 |
| Refund Initiation | 17 September 2026 |
| Share Credit to Demat | 17 September 2026 |
| Listing Date | 18 September 2026 |
| Minimum Investment | Rs 14,980.00 |
| Lot Size | 107 shares |
About Veegaland Developers IPO
Incorporated in 2007, Veegaland Developers Limited is a prominent real estate developer in Kerala, specializing in residential, commercial, and mixed-use project developments. Part of the esteemed V-Guard Group founded by Kochouseph Thomas Chittilappilly, the company develops premium, ultra-premium, and luxe-series residential apartments and complexes. As of October 31, 2025, the company has completed 10 residential projects aggregating 11.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Veegaland Developers IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Veegaland Developers IPO Details
Issue size, price, financials, and company info
Veegaland Developers IPO GMP
Live grey market premium and listing estimate
Veegaland Developers IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Veegaland Developers IPO Allotment
Allotment date, chances, and check by PAN
Veegaland Developers IPO Review
SWOT, strengths, risks, and IPO review
Veegaland Developers IPO FAQ
Common questions on dates, GMP, and allotment
Veegaland Developers IPO Registrar
Registrar website and how to check allotment
Veegaland Developers IPO Timeline
Open, close, allotment, and listing dates
Veegaland Developers IPO News
Updates, blogs, and latest IPO news
Veegaland Developers IPO Subscription FAQs
What is Veegaland Developers IPO subscription status today?
Veegaland Developers IPO subscription closed on 15 September 2026 with overall subscription of 14.60x (by shares) as of 18 October 2026, 5:17 PM IST. QIB 19.13x, NII 9.18x, Retail 8.51x.
What is the overall subscription of Veegaland Developers IPO?
Veegaland Developers IPO is subscribed 14.60x overall by shares at close on 15 September 2026. QIB 19.13x, NII 9.18x, and Retail 8.51x.
What is Veegaland Developers IPO QIB subscription?
Veegaland Developers IPO QIB (Qualified Institutional Buyers) subscription is 19.13x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Veegaland Developers IPO Retail subscription?
Veegaland Developers IPO Retail subscription is 8.51x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Veegaland Developers IPO NII, SHNI, and BHNI subscription?
Veegaland Developers IPO NII subscription is 9.18x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 20.11x and BHNI (above Rs 10L) at 3.70x.
What are Veegaland Developers IPO retail allotment chances?
At 8.51x subscription by applications, about 1 in 9 retail applicants may get allotment (~12% chance per application). Allotment is by lottery. Share subscription was 9.95x. Allotment chances use applications, not share volume.
What are Veegaland Developers IPO SHNI allotment chances?
At 20.11x subscription by applications, about 1 in 20 SHNI applicants may get allotment (~5% chance per application). Allotment is by lottery. Share subscription was 21.06x. Allotment chances use applications, not share volume.
What are Veegaland Developers IPO BHNI allotment chances?
At 3.70x subscription by applications, about 1 in 4 BHNI applicants may get allotment (~27% chance per application). Allotment is by lottery. Share subscription was 18.59x. Allotment chances use applications, not share volume.
When is Veegaland Developers IPO allotment date?
Veegaland Developers IPO allotment date is 16 September 2026. Check Veegaland Developers IPO Allotment Status on IPOwiz from that day using your PAN.
When does Veegaland Developers IPO subscription close?
Veegaland Developers IPO subscription closed on 15 September 2026. No new applications are accepted after the close.
What is Veegaland Developers IPO GMP today?
Veegaland Developers IPO GMP is ₹8 today (+5.71% over issue price ₹140). See live GMP on the Veegaland Developers IPO GMP Today page.
What is Veegaland Developers IPO issue price and lot size?
Veegaland Developers IPO issue price is ₹140 per share. Lot size is 107 shares. Minimum investment is ₹14,980 per lot. Issue size: ₹210.00 Cr.
When is Veegaland Developers IPO listing date?
Veegaland Developers IPO listing date is 18 September 2026 on NSE and BSE. Allotment is on 16 September 2026.
How does subscription affect Veegaland Developers IPO allotment?
In Veegaland Developers IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 14.60x overall, competition is high.
For allotment results from 16 September 2026, visit the Veegaland Developers IPO Allotment Status page. For listing day updates on 18 September 2026, download the IPOwiz App.
Sources
We match Veegaland Developers IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.