{
  "id": 5501766,
  "title": "Veegaland Developers to launch ₹210-crore IPO on September 9",
  "url": "https://urgent.news/2026/09/04/veegaland-developers-to-launch-210-crore-ipo-on-september-9",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T05:47:36.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/veegaland-developers-to-launch-210-crore-ipo-on-september-9/article71427179.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The price band for the issue has been fixed at ₹130-₹140 per equity share",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}