Veegaland Developers IPO

The Veegaland Developers IPO is a book-built issue of Rs 210 crore, entirely a fresh issue of 1.50 crore shares, opening for subscription from Sep 10 to Sep 15, 2026, with allotment expected on Sep 16, 2026 and a tentative listing on NSE and BSE on Sep 18, 2026. The IPO’s price band is Rs 130 to Rs 140 per share, with a lot size of 107 shares, requiring a minimum retail investment of Rs 14,980. Cumulative Capital Pvt. Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

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Veegaland Developers IPO Details

Check out the issue details for Veegaland Developers IPO as disclosed in SEBI.

IPO Price

₹ 140

Price Band

₹ 130 - 140

Issue Size

210.00 Cr.

Issue Type

Book Built

Open

2026-09-10

Close

2026-09-15

Listing price

₹ 151

Listing Gain

7.86%

Listing Date

2026-09-18

CMP

₹ 141.84

Current Return

1.31%

Company Financials

You can get the following financial statements of Veegaland Developers as of now.

Veegaland Developers IPO Details

The details about the Veegaland Developers IPO are as follows:

  • The issue size of the IPO is Rs 210.00 Cr.
  • The price band for Veegaland Developers IPO is Rs 130 to Rs 140.
  • The shares of Veegaland Developers IPO will list on BSE and NSE.
  • The latest tentative GMP of Veegaland Developers IPO is Rs 17.
  • The shares of Veegaland Developers IPO are subscribed 14.60 Times.

 

Veegaland Developers IPO Valuation

The approximate valuation of Veegaland Developers IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 140
Existing Shares (Qty) 3.37 Cr
Fresh Issue Rs 210.00 Cr
Market Cap Rs 681.8 Cr
EPS (FY25) Rs 8.77
PE Ratio 15.96x
Industry PE 48.58x

 

Veegaland Developers IPO Issue Size

Veegaland Developers IPO issue size is Rs 210.00 Cr.

Issue Amount
Fresh Issue Rs 210.00 Cr
Offer For Sale Rs 0 Cr

 

Veegaland Developers IPO Market Lot

An individual can apply for a minimum of 1 lot of 107 shares and a maximum of 13 lots (1,391 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 107 Rs 14,980
Retail Maximum 13 1,391 Rs 1,94,740

 

Veegaland Developers IPO Share Offer

The shares of Veegaland Developers IPO are subscribed 14.60 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Veegaland Developers IPO GMP (Grey Market Premium)

As on GMP (Tentative)
Sep 15, 2026 Rs 17

Veegaland Developers IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Veegaland Developers IPO Dates

Find below the dates for Veegaland Developers IPO

Schedule Date
Basis of Allotment 16 Sep 2026
Refunds 17 Sep 2026
Credit to Demat Account 17 Sep 2026
IPO Listing Date 18 Sep 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 108.91 110.77 192.38 250.98
Total Expenditure 85.86 92.46 155.1 207.73
Operating Profit 23.05 18.3 37.27 43.25
Other Income 1.17 3.85 3.84 3.18
Interest 4.33 10.52 12.38 9.5
Depreciation 0.42 0.41 0.47 0.72
Exceptional Items 0 0 0 0
Profit Before Tax 19.47 11.23 28.27 36.2
Provision for Tax 4.94 3.36 7.84 9.59
Net Profit 14.53 7.87 20.43 26.61
Adjusted EPS (Rs.) 0.58 0.31 0.82 0.79

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 5 5 5 33.75
Total Reserves 32.24 40.07 60.44 233.15
Borrowings 11.53 85.21 104.18 27.17
Other N/C liabilities 19.46 14.99 9.95 5.25
Current liabilities 127.78 75.74 146.77 184.49
Total Liabilities 196.02 221.01 326.34 483.81
Assets
Net Block 1.7 1.73 2.55 22.6
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 0.26
Investments 0 0 0 0
Loans & Advances 1.47 1.65 1.84 0.13
Other N/C Assets 8.91 9.67 10.85 47.88
Current Assets 183.94 207.96 311.1 412.95
Total Assets 196.02 221.01 326.34 483.81
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 19.47 11.23 28.27 36.2
Adjustment 4.82 7.07 4.2 6.97
Changes in Assets & Liabilities 21.23 -5.85 -75.25 -102.07
Tax Paid -3.36 -3.63 -1.21 -15.36
Operating Cash Flow 42.16 8.83 -44 -74.26
Investing Cash Flow 0.65 1.87 -0.24 -19.8
Financing Cash Flow -19.12 -7.01 51.71 77.9
Net Cash Flow 23.69 3.69 7.48 -16.16
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