VEEGALAND DEVELOPERS LIMITED

10 Sep 2026 - 15 Sep 2026 Main Board BSE NSE

Min Investment

₹14,980.00

Price Band

₹130-₹140

Issue Size

₹158.31 Cr

Lot Size

107 (per lot)

IPO Dates
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10 Sep 2026

Open Date

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15 Sep 2026

Close Date

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16 Sep 2026

Allotment Date

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18 Sep 2026

Listing Date

Know Before Investing

Strengths icon

  • Focuses on high-margin premium and luxe residential segments across Kerala.
  • Benefits from the established brand trust and goodwill of the V-Guard Group.
  • Utilizes a flexible, asset-light land acquisition strategy including joint developments.
  • Maintains a robust pipeline of completed, ongoing, and upcoming urban projects.
  • Uses professional management backed by digitalized Veega-NOVA ERP systems

Weaknesses icon

  • Business operations and market demand are concentrated entirely within Kerala.
  • Relies heavily on third-party contractors for all project execution and construction.
  • Revenues fluctuate significantly due to the milestone-linked nature of real estate.
  • Highly exposed to price volatility and supply chain disruptions for building materials.
  • Operations depend significantly on personal financial guarantees provided by the promoter.

About Veegaland Developers Limited

Veegaland Developers is a real estate development company primarily focused on residential projects across urban micro-markets in Kerala, including Kochi, Thiruvananthapuram, Kozhikode, and Thrissur. The company undertakes the development, construction, design, and marketing of residential properties, predominantly catering to the premium, ultra-premium, and luxe segments. Its core business model involves acquiring land outright or through joint development arrangements with landowners to construct apartments and boutique flats. The company generates revenue through the sale of these residential units, with payments typically linked to construction milestones. Veegaland relies on third-party contractors and specialist agencies for the execution of civil construction, architectural design, and structural engineering. The project portfolio includes a mix of completed properties, ongoing construction sites, and upcoming developments, positioning the company to address demand for higher-value residential spaces in its operational regions.

IPO Objectives

1. Funding a part of the expense to be incurred in the development of our Ongoing Projects; and

2. Funding unidentified acquisition of land and general corporate purposes.

Company Promoters

K. Chittilappilly Trust

Kochouseph Thomas Chittilappilly

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 17.76
Non-Institutional Buyers 18.03
Retail Investors 9.24
Total 45.03
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