Veegaland Developers IPO: Dates, Price Band & Rs 226 Cr Details
Veegaland Developers IPO launch with residential buildings and stock market graphics.
Key Highlights
Discover Veegaland Developers IPO details, including dates (Sept 10-15, 2026), price band of Rs 130-140, and a fundraising goal of Rs 226 crore.
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: and .
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.
- : Not more than 50% of the issue, including 5% for mutual funds.
- Non-institutional bidders: Not less than 15%.
- 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.