Veegaland Developers IPO Day 1: GMP Jumps 17.14%; Check Price, Allotment Date and Listing Details

Veegaland Developers IPO opened for subscription today on September 10th and the issue is already attracting investor attention in the grey market. Veegaland Developers IPO GMP today stands at Rs. 24, hinting at a potential listing gain of 17.14% over the upper price band.

Veegaland Developers IPO Day 1

The Veegaland Developers IPO opened for subscription on Thursday and will remain open until September 15th . The initial public offering is a book-built issue worth Rs .210 crore, consisting entirely of a fresh issue of 1.50 crore equity shares.

Veegaland Developers IPO GMP Today

The Veegaland Developers IPO GMP today is Rs. 24, according to the Investogain grey market data this morning the Issue is around Rs. 164 per share in the unofficial market with a listing gain of over 17.14%.

However it is important to note that GMP is an unofficial indicator of market sentiment and does not guarantee the actual listing price or listing gains.

Veegaland Developers IPO Price and Lot Size

The Veegaland Developers IPO price band is Rs. 130 to Rs. 140 per share. The IPO lot size has been fixed at 107 shares. Therefore, retail investors applying at the upper price band will need Rs. 14,980 for one IPO lot.

Veegaland Developers IPO Allotment Date

The Veegaland Developers IPO allotment date is expected to be September 16th After the subscription period closes on September 15, the basis of allotment is expected to be finalized on September 16. Investors who receive shares will then see the equity shares credited to their demat accounts.

The Veegaland Developers IPO listing date is tentatively fixed for September 18th and the shares of the company will list on both the NSE and BSE.

Ahead of the public issue, Veegaland Developers has allocated 45 lakh shares to anchor investors at a price of Rs. 140 per share.

About Veegaland Developers

Veegaland Developers Limited was incorporated in 2007 and is engaged in the real estate development business. The company focuses on developing residential, commercial and mixed-use projects.

The Veegaland Developers IPO is therefore expected to attract attention from investors looking for exposure to the real estate sector through the primary market.