Veegaland Developers Ltd. IPO
Price Band
₹130 – ₹140
Issue Size
₹210 Cr
Issue Dates
10 Sept – 15 Sept 2026
Listing Date
18 Sept 2026
About Veegaland Developers Ltd.
Veegaland Developers Ltd. is a real estate development company engaged in residential and commercial projects. As of June 30, 2026, the company had 10 completed projects, 12 ongoing projects, and 3 upcoming projects.
IPO Details
| Price Band | ₹130 – ₹140 |
| Face Value | ₹10 |
| Issue Size | ₹210 Cr |
| Fresh Issue | ₹210 Cr |
| Total Shares Offered | 1,50,00,000 |
| Listed On | Both |
Objects of the Issue
The Net Proceeds of the Fresh Issue are proposed to be utilised as follows: (1) Funding of ongoing and upcoming projects of the company - Rs. 119.83 Cr; (2) General corporate purposes and other unidentified purposes including possible land acquisition (amount not disclosed). Total objects amount: Rs. 119.83 Cr (excluding general corporate purposes).
Key Financial Metrics
EPS (Basic)
₹7.89
P/E Ratio
17.74x
ROE
16.02%
ROCE
11.89%
Debt / Equity
0.32
Financial Performance
| Particulars (₹ Cr) | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 16.72 | 33.77 | 42.64 |
| PAT | 7.87 | 20.43 | 26.61 |
| Total Assets | 221.01 | 326.65 | 483.81 |
| Net Worth | 45.07 | 65.44 | 266.9 |
| Total Borrowings | 120.23 | 176.97 | 85.59 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 107 shares | ₹14,980 | — |
| retail_max | 107 shares | — | ₹1,94,740 |
| shni_min | 14 × 107 | ₹2,09,720 | — |
| shni_max | 107 shares | — | ₹9,88,680 |
| bhni_min | 67 × 107 | ₹10,03,660 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB Shares Offered | 50% | No |
| Retail Shares Offered | 35% | Yes |
| NII (HNI) Shares Offered | 15% | No |
Registrar & Lead Managers
Registrar
Lead Managers (1)
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Veegaland Developers Ltd. IPO (this IPO) | — | 682.5 | ₹7.89 | 17.74x | 16.02% |
| Horizon Industrial Parks Ltd. | Yes | — | — | -72.29x | — |
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