Veegaland Developers IPO Closes at 1.24X Subscription

By Business DeskVeegaland Developers IPO Closes at 1.24X Subscription

Veegaland Developers IPO closed with a 1.24X overall subscription rate, led by strong retail demand. Check allotment date, price band, and listing details.

Veegaland Developers wrapped up its initial public offering bidding period on September 15, 2026, hitting an overall subscription rate of 1.24 times. Retail interest led the demand, driving that specific category to 1.67 times subscription.

Subscription Breakdown

Different investor categories showed varying levels of participation by the final day of bidding.

  • Retail investors: 1.67 times subscription
  • Non-Institutional Investors: 0.45 times subscription
  • Qualified Institutional Buyers: 0.94 times subscription

Allotment and Listing Schedule

The basis of allotment will be finalized on September 16, 2026. Investors can check their status on the registrar MUFG Intime India Pvt. Ltd. portal or the National Stock Exchange website using PAN or application numbers.

  • Price band: Rs 130 to Rs 140 per share
  • Lot size: 107 shares
  • Refund initiation: Around September 17, 2026
  • Tentative listing date: September 18, 2026 on BSE and NSE

Shares are tentatively scheduled to debut on both major exchanges following the completion of the refund and credit processes.

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