Veegaland Developers to launch ₹210-crore IPO on September 9
The price band for the issue has been fixed at ₹130-₹140 per equity share
Kochi-based real estate firm Veegaland Developers Ltd is preparing to launch its IPO on September 9, 2026, with a target price range of ₹130-₹140 per share. The minimum bid is for 107 shares, and bids can be made in multiples of this amount. The IPO will run until September 15, 2026, and includes a fresh issue of up to 1.50 crore shares, valued at ₹210 crore.
There is no offer-for-sale component. The sole book-running lead manager for the issue is Cumulative Capital Private Ltd. The company specializes in developing and selling multi-storied residential projects in Kerala, ranging from mid-premium to ultra-luxury segments. As of June 30, 2026, Veegaland Developers had completed 10 projects with a combined saleable area of 11.05 lakh square feet, comprising 692 units.
Currently, the company has 12 ongoing projects with a total saleable area of 18,57,460 square feet, including 987 units. The shares are expected to be listed on both the BSE and NSE.
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