Veegaland Developers IPO to open on Sept 10; price band fixed at ₹130-140
The company's IPO will open for public subscription on September 10 and conclude on September 15
Veegaland Developers Ltd, a real estate company based in Kerala, announced plans to launch its initial public offering (IPO) on September 10. The IPO will have a price band of ₹130-140 per equity share, with the aim of raising up to ₹210 crore through the sale of 1.50 crore equity shares. The company will complete the IPO process on September 15, and anchor investor bidding will begin on September 9.
Veegaland Developers is involved in developing and selling multi-storied residential projects across various segments, from mid-premium to ultra-luxury. As of June 30, 2026, the company had completed ten residential projects and sold all units, totaling 692 units with a saleable area of 11.05 lakh square feet. The company currently has 12 ongoing projects with a saleable area of 18.57 lakh square feet and 987 units.
The proceeds from the IPO will be used to fund existing projects, land acquisitions, and general corporate purposes. Veegaland Developers is part of the V-Guard Group, which has its roots in 1977 when Kochouseph Thomas Chittilappilly founded V-Guard Industries. The equity shares of the IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Cumulative Capital is the lead manager for the issue.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
