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Veegaland Developers Sets ₹130-₹140 Price Band For IPO
Veegaland Developers is offering new shares to the public through an IPO.
Each share will cost between ₹130 and ₹140.
People can apply from September 10 to September 15, 2026.
The smallest application is for 107 shares.
The company expects to raise ₹210 crore by issuing up to 1.50 crore new shares.
It will not sell shares belonging to existing shareholders in this offer.
The money will help pay for real estate projects and land purchases, although one account also mentions general corporate purposes.
The shares are proposed to be listed on the BSE and NSE on September 18.
Veegaland Developers has fixed its IPO price band at ₹130-₹140 per share, with a ₹10 face value.
The IPO will open on September 10, 2026, and close on September 15; anchor-investor bidding is scheduled for September 9.
The issue consists of up to 1.50 crore fresh shares worth ₹210 crore, with no offer-for-sale component.
The 107-share lot will reserve up to 50% for QIBs, at least 15% for NIIs, and at least 35% for retail investors.
Proceeds are intended for real estate projects, land acquisition and, according to the company statement, general corporate purposes.
- Who
- Veegaland Developers Limited, a real estate company and part of the V-Guard Group.
- What
- The company is launching a ₹210 crore IPO consisting of up to 1.50 crore fresh equity shares priced at ₹130-₹140 each.
- Where
- Veegaland Developers is based in Keralam, and its shares are proposed to be listed on the BSE and NSE.
- When
- Anchor bidding is scheduled for September 9, 2026; public subscription is scheduled for September 10-15, with tentative listing on September 18.
- Why
- The company says the proceeds will fund ongoing projects and land acquisition; another account also cites upcoming projects and general corporate purposes.
Key facts
- Price band
- ₹130-₹140 per equity share
- Issue size
- Up to 1.50 crore fresh shares aggregating to ₹210 crore
- Offer-for-sale
- No OFS component
- Lot size
- 107 equity shares and multiples thereafter
- Subscription period
- September 10-15, 2026
- Tentative listing
- September 18 on the BSE and NSE
- Grey-market indication
- GMP of +14, implying an indicated price of ₹154 based on the ₹140 upper band
- Project portfolio
- 10 completed residential projects and 12 ongoing projects as of June 30, 2026
