Veegaland Developers IPO
UpcomingMainboardOpens 10 September 2026Closes 15 September 2026
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…
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 11.05 lakh square feet of saleable area across Kochi, Thiruvananthapuram, Kozhikode, and Thrissur. Supported by an integrated process-driven development model, Veegaland manages the entire real estate lifecycle from land acquisition and architectural design to quality-controlled project execution and customer care.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
10 Sept
IPO Closes
15 Sept
Allotment
16 Sept
Listing
18 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 10 September 2026 |
| IPO Close Date | 15 September 2026 |
| Allotment Date | 16 September 2026 |
| Listing Date | 18 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,980 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,740 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,720 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,88,680 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,660 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding a part of the expense to be incurred in the development of Ongoing Projects (₹119.83 Cr).
- Funding unidentified acquisition of land and general corporate purposes.
Strengths
- Strong brand heritage and leadership association with the established V-Guard Group ecosystem.
- Proven track record of timely execution, delivering 10 completed residential projects across urban micro-markets in Kerala.
- Robust financial trajectory with revenue from operations growing 30.46% YoY to ₹250.98 Cr and PAT reaching ₹26.61 Cr in FY26.
- Integrated development model spanning outright land acquisitions, selective joint development agreements, and structured project lifecycles.
Weaknesses
- Complete geographic concentration risk, with 100% of operations, ongoing projects, and land pipeline situated in Kerala.
- Heavy reliance on third-party contractors and specialist agencies for construction and site engineering execution.
- Capital-intensive business model exposed to volatility in construction input costs (steel, cement) and fluctuating operating cash flows.
- Vulnerability to real estate market cyclicality, housing loan interest rate changes, and regulatory compliance under RERA.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 483.81 | 326.65 | 221.01 |
| Revenue (₹ Cr.) | 254.16 | 196.22 | 114.61 |
| PAT (₹ Cr.) | 26.61 | 20.43 | 7.87 |
| Net Worth (₹ Cr.) | 266.9 | 65.44 | 45.07 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Veegaland Developers | 1.77 | 25.64 | 16.02% | 266.9 |
| Puravankara Limited | 2.82 | 33.46 | 3.56% | 75.38 |
| Shriram Properties | 0.9 | 14.43 | 6.91% | 85.55 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Veegaland Developers Limited
- XXXV/564, 4th Floor, KCF Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam - 682 021, Kerala, India
- +91 484 258 4000
- cs@veegaland.in
- https://www.veegaland.com/
Registrar Details
- MUFG Intime India Private Limited
- +91 810 811 4949
- veegalanddevelopers.ipo@in.mpms.mufg.com
- https://www.in.mpms.mufg.com/
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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
- MUFG Intime India Private LimitedOfficial site to check allotment status 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 IPO dates and key details before they go live.