Veegaland Developers IPO: Dates, Price Band & Rs 226 Cr Details

IPO Details and Timeline

Veegaland Developers is launching a 100% book-building initial public offering to raise up to Rs 226 crore. The subscription window opens on September 10, 2026, and closes on September 15, 2026.

• Issue size: 1,61,53,846 equity shares.
• Price band: Rs 130-140 per share.
• Face value: Rs 10 per share.
• Listing exchanges: BSE and NSE.

Allocation and Management

The company has structured the offering to include specific tranches for various investor categories. Cumulative Capita is serving as the book running lead manager, with Akshay Anand T S acting as the compliance officer.

• Qualified Institutional Buyers: Not more than 50% of the issue, including 5% for mutual funds.
• Non-institutional bidders: Not less than 15%.
• Retail investors: 35%.

Company Background

Operating under the brand name Veegaland Homes, the company focuses on multi-storied residential projects across Kerala. It is part of the V-Guard Group, a diversified conglomerate founded by Kochouseph Thomas Chittilappilly.

• Initial operations: Commenced in 2011 with the Green Clouds project in Kochi.
• Current presence: Projects in Kochi, Thiruvananthapuram, Kozhikode, and Thrissur.
• Corporate history: Incorporated in 2007 as part of the group’s diversification strategy.

The firm develops properties across mid-premium, premium, ultra-premium, luxe-series, and ultra-luxury segments. All developments are implemented in accordance with RERA provisions.