VEEGALAND DEVELOPERS LIMITED
MainboardVEEGALAND • BSE, NSE
Issue details
Price band
₹130 - ₹140
Lot size
107 shares
Issue size
₹158.31 Cr
Min. investment
₹14,980
Registrar
MUFG Intime India
Subscription
10.61x
Grey market premium
Est. gain+₹8.5 · 6%
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IPO Timeline
Open
10 Sep
Close
15 Sep
Allotment
16 Sep
Listing
18 Sep
- Refunds & demat credit
- 17 Sep 2026
- Mandate end
- 30 Sep 2026
- Anchor lock-in 50%
- 16 Oct 2026
- Anchor lock-in 100%
- 15 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 107shares 1 lot · ₹14,980 | 1,391shares 13 lots · ₹1,94,740 |
| sNII (₹2L–₹10L) | 1,498shares 14 lots · ₹2,09,720 | 7,062shares 66 lots · ₹9,88,680 |
| bNII (above ₹10L) | 7,169shares 67 lots · ₹10,03,660 | No limit funds permitting |
Based on the upper price band of ₹140 and a lot of 107 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 24,23,077 | 3,30,83,758 | 13.65x |
| bNII (above ₹10L) | 8,07,692 | 1,16,17,846 | 14.38x |
| Retail (IND) | 56,53,847 | 3,77,94,005 | 6.68x |
| Total | 1,13,07,692 | 11,99,23,139 | 10.61x |
Last updated 41 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹210 Cr
1,50,00,000 shares
Shares pre-issue
3,37,50,000
Shares post-issue
4,87,50,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 7.89 | 5.46 |
| P/E | 17.74 | 25.64 |
| Market cap | ₹472.50 Cr. | ₹713.21 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 16.02% |
| ROCE | 11.89% |
| Debt/Equity | 0.32 |
| RoNW | 16.02% |
| PAT Margin | 10.47% |
| EBITDA Margin | 16.78% |
| NAV | 79.08 |
| Price to Book Value | 1.77 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 254.16 | 196.22 | 114.61 |
| Profit after tax | 26.61 | 20.43 | 7.87 |
| EBITDA | 42.64 | 33.77 | 16.72 |
| Net worth | 266.9 | 65.44 | 45.07 |
| Assets | 483.81 | 326.65 | 221.01 |
| Reserves & surplus | 233.15 | 60.44 | 40.07 |
| Total borrowing | 85.59 | 176.97 | 120.23 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects₹119.83 Cr
- 2.Funding unidentified acquisition of land and general corporate purposes₹68.86 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Pranav Constructions Ltd.Mainboard | ₹124 | 15.16 | ₹132.00 | +6.45% |
| Horizon Industrial Parks Ltd.Mainboard | ₹60 | -72.29 | ₹58.16 | -3.07% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.