Issue Price
₹140
Per Share
GMP
+₹20
+14.29% Grey Market
Est. Listing
₹160
Expected Price
Min. Application
₹29,960
2 lots × 107 shares
Veegaland Developers Ltd is proposing an Initial Public Offering (IPO) on the NSE & BSE platform under the Mainboard category. The total issue size is 1,50,00,000 shares (agg. up to ₹210 Cr).
Subscription opens 10 Sep 2026, closes 15 Sep 2026. Listing expected 15 Sep 2026. Apply via ASBA or UPI.
Veegaland Developers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 3,000,000 | — | ₹42.00 Cr | 0.49x |
| NII / HNI | 2,250,000 | — | ₹31.50 Cr | 1.01x |
| Retail (RII) | 5,250,000 | — | ₹73.50 Cr | 1.78x |
| TOTAL | 10,500,000 | 100.00% | ₹147.00 Cr | 1.25x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| sNII (Min) | 14 | 1,498 | ₹209,720 |
| bNII (Min) | 68 | 7,276 | ₹1,018,640 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 254.16 | 196.22 | 114.61 |
| EBITDA | 42.64 | 33.77 | 16.72 |
| Profit After Tax (PAT) | 26.61 | 20.43 | 7.87 |
| Net Worth | 266.90 | 65.44 | 45.07 |
| Total Assets | 483.81 | 326.65 | 221.01 |
| Reserves & Surplus | 233.15 | 60.44 | 40.07 |
| Total Borrowings | 85.59 | 176.97 | 120.23 |