Veegaland Developers IPO To Open On September 10; Price Band Fixed At ₹130-140 Per Share

On September 1, 2026, real estate firm Veegaland Developers Ltd disclosed details of its upcoming IPO. The company plans to offer a price band of Rs 130-140 per share for its Rs 210-crore issue. The IPO is set to commence for public subscription on September 10 and will close on September 15. Anchor investor bidding will occur on September 9.

The IPO will involve a fresh issuance of up to 1.50 crore equity shares, totalling Rs 210 crore. The proceeds will be allocated towards funding the company's ongoing projects, land acquisition endeavors, and general corporate expenses. Veegaland Developers, based in Kerala, specializes in the development and sale of multi-storied residential projects across various market segments, including mid-premium, premium, ultra-premium, luxe-series, and ultra-luxury.

As of June 30, 2026, the company had successfully completed 10 residential projects, each with a saleable area of 11.05 lakh square feet and comprising 692 units. These units have all been sold. Currently, the firm is engaged in 12 ongoing projects with an aggregate saleable area of 18.57 lakh square feet and 987 units.

Vegaland Developers is a subsidiary of the V-Guard Group, whose roots can be traced back to 1977, when it was founded by promoter Kochouseph Thomas Chittilappilly. The company's shares are intended for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Cumulative Capital is expected to serve as the lead manager for the IPO.