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Veegaland Developers Ltd. IPO
IPO Timeline
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10 Sep 2026Bidding Starts
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15 Sep 2026Bidding Ends
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16 Sep 2026Allotment Finalization
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18 Sep 2026Listing
About Veegaland Developers Ltd.
We are a real estate development Company engaged in the planning, development and sale of multi-storied residential apartment projects in the state of Kerala, India. Our projects are developed across our mid-premium, premium, ultra-premium, luxe-series and ultra-luxury residential segments and are implemented in accordance with the applicable provision of RERA. We operate under our brand name ‘Veegaland Homes’ and as on date we have undertaken projects in Kochi, Thiruvananthapuram, Kozhikode and Thrissur in the state of Kerala, India.
According to the ICRA Report, as of December 8, 2025, we are ranked as Kerala’s fastest-selling real estate developer and are also one of the recognised residential real estate developers in the state of Kerala.
We form part of the broader ‘V-Guard Group’, which traces its origins to 1977, when our Promoter, Kochouseph Thomas Chittilappilly, established V-Guard Industries for the manufacture of voltage stabilisers. Over the decades, the group has evolved into a diversified business ecosystem with interests spanning consumer electricals through ‘V-Guard Industries Limited’, entertainment through ‘Wonderla Holidays Limited’ and fashion and apparel through ‘V-Star Creations Private Limited’. The group also undertakes philanthropic, healthcare and wellness activities through the ‘K Chittilappilly Foundation’ and ‘Chittilappilly Square’, operated under the ‘K. Chittilappilly Trust’. As part of diversification strategy of the said group, our Company was incorporated in 2007 and we entered the real estate development sector in 2011 upon commencing our residential real estate operations.
Veegaland Developers Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 45,00,000 (30%) |
| Non Institutional Investors | 22,50,000 (15%) |
| Qualified Institutional Buyers (QIBs) | 30,00,000 (20%) |
| Retail Individual Investors (RIIs) | 52,50,000 (35%) |
Veegaland Developers Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 254.16 Cr | 26.61 Cr | 233.15 Cr |
| 31 Mar 2025 | 196.22 Cr | 20.43 Cr | 60.44 Cr |
| 31 Mar 2024 | 114.61 Cr | 7.87 Cr | 40.07 Cr |
Veegaland Developers Ltd. Background
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2007Incorporated as “Vintes Solutions Private Limited”.
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2011Acquisition of "Veega Land" brand and trademark from Wonderla Holidays Private Limited
Our Company received First Construction of Building Permit
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2016Our Company received the First Occupational Certificate of Building
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2022Achieved Turnover of more than ?10,000.00 lakh
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2025Conversion of our Company from a private limited company to a public limited company
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2026Achieved Turnover of more than ?25,000.00 lakh
1. Funding a part of the expense to be incurred in the development of our Ongoing Projects
2. Funding unidentified acquisition of land and general corporate purposes
1. Kochouseph Thomas Chittilappilly
2. K Chittilappilly Trust
India’s real estate sector, the second-largest employment generator after agriculture, is poised for remarkable growth. Expected to reach USD 1 trillion by 2030, up from USD 200 billion in 2021. Longterm estimates suggest the market could hit USD 5-7 trillion by 2047 and possibly surpass ... Read more
Phone no:2584000
FAQs
When does Veegaland Developers Ltd. IPO opens and closes?
Veegaland Developers Ltd. IPO opens from 10th September to 15th September 2026.What is the size of Veegaland Developers Ltd. IPO?
The size of the Veegaland Developers Ltd. IPO is ₹210.00 Cr.What is the price range of Veegaland Developers Ltd. IPO?
The price range of Veegaland Developers Ltd. IPO is at ₹130 to ₹140 per share.What is the minimum investment and lot size required for the Veegaland Developers Ltd. IPO?
The minimum investment required is ₹14,980 and minimum lot size is 107 shares.When is Veegaland Developers Ltd. IPO listing date?
The Veegaland Developers Ltd. IPO will be listed on 18th September 2026.What is the objective of Veegaland Developers Ltd. IPO?
1. Funding a part of the expense to be incurred in the development of our Ongoing Projects2. Funding unidentified acquisition of land and general corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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