Bookbuilding IPO | ₹250 Cr | Listing at BSE, NSE |
Veegaland Developers Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on December 30, 2025 to raise funds through Initial Public Offer (IPO).
Veegaland Developers Ltd. IPO is a Book Build Issue of ₹250.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares are proposed to be listed on NSE and BSE. Cumulative Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Veegaland Developers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹250 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹250 Cr) |
| Share Holding Pre Issue | 3,37,50,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects. The company undertakes planning, construction, and execution of property developments.
The company emphasizes quality construction, modern design, and timely project delivery. Its portfolio typically includes housing projects, commercial complexes, and integrated developments catering to diverse customer segments.
Veegaland Developers Limited aims to create sustainable and value-driven properties by adopting efficient construction practices, customer-centric approaches, and compliance with regulatory standards in the real estate sector.
As of October 31, 2025, the company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area.
As of October 31, 2025, the company had employed 100 full-time employees.
Competitive Strengths:
Veegaland Developers Ltd.'s revenue increased by 71% and profit after tax (PAT) rose by 160% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 400.62 | 326.65 | 221.01 | 196.02 |
| Total Income | 125.14 | 196.22 | 114.61 | 110.08 |
| Profit After Tax | 11.29 | 20.37 | 7.83 | 14.48 |
| EBITDA | 18.92 | 33.77 | 16.72 | 24.22 |
| NET Worth | 251.73 | 65.44 | 45.07 | 37.24 |
| Reserves and Surplus | 217.98 | 60.44 | 40.07 | 32.24 |
| Total Borrowing | 48.57 | 176.97 | 120.23 | 122.15 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects | 111.60 |
| 2 | Acquisition of identified land parcel for development of residential real estate projects | 18.49 |
| 3 | Funding unidentified acquisition of land and general corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 36.96% |
| ROCE | 13.75% |
| Debt/Equity | 2.70 |
| RoNW | 36.96% |
| PAT Margin | 10.41% |
| EBITDA Margin | 17.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 92.00% |
Lead Manager Reports
Veegaland Developers IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹250 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Veegaland Developers IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Veegaland Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Veegaland Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veegaland Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veegaland Developers IPO dates are not announced. Please check back again after some time.
Veegaland Developers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Veegaland Developers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Veegaland Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Veegaland Developers IPO allotment status.
The Veegaland Developers IPO listing date is not yet announced. The tentative date of listing is .
