IPO Timeline
About Veegaland Developers Limited IPO
Veegaland Developers Limited is a real estate developer engaged in the planning, development and sale of multi-storied residential apartments across mid-premium, premium, ultra-premium, luxe-series and ultra-luxury segments in Kerala. Operating under the brand name ‘Veegaland Homes’, it has undertaken projects across Kochi, Thiruvananthapuram, Kozhikode and Thrissur in compliance with applicable RERA provisions. According to the ICRA Report, as of December 8, 2025, the Company was ranked as Kerala’s fastest-selling real estate developer and recognised among the state’s residential real estate developers. The company is part of the broader ‘V-Guard Group’, founded by Promoter Kochouseph Thomas Chittilappilly in 1977. The diversified group has interests across consumer electricals, entertainment, fashion and apparel, and philanthropic, healthcare and wellness activities. Incorporated in 2007, the Company entered the real estate sector in 2011 and commenced operations with its first building permit for ‘Green Clouds’, an ultra-luxury apartment project in Kochi. As of October 31, 2025, its portfolio comprised 10 completed, 9 ongoing and 4 upcoming projects across Kerala.
Veegaland Developers Limited IPO Subscription Status
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| TBA | 0 | 0 | 0 | 0 |
| TBA | 0 | 0 | 0 | 0 |
Veegaland Developers Limited IPO Financial Status
| Particulars (in Rs. Crores) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 483.81 | 326.65 | 221.01 |
| Total Income | 254.16 | 196.22 | 114.61 |
| Profit After Tax | 26.61 | 20.43 | 7.87 |
| EBITDA | 42.64 | 33.77 | 16.72 |
| Net Worth | 266.90 | 65.44 | 45.07 |
| Total Borrowing | 85.59 | 176.97 | 120.23 |
Veegaland Developers Limited IPO SWOT Analysis
Strengths
- Proven execution and complete sell-through in delivered projects.
- Recognised sales velocity in core operating markets.
- Strong sales absorption across ongoing Projects.
- Improving sales performance and revenue visibility.
Weaknesses
- Geographic concentration exposes operations to Kerala-specific market conditions.
- Project execution risks could result in delays and cost overruns.
- Reliance on contractors and specialists may lead to execution challenges and quality concerns.
- Material cost and supply risks may affect profitability and cash flows.
Frequently Asked Questions
1- What is the issue size of Veegaland Developers IPO?
The issue size for Veegaland Developers IPO is ₹210 Cr. |
2- What is 'pre-apply' for Veegaland Developers IPO?
You can apply for the Veegaland Developers IPO 2 days before the official subscription period begins using the pre-apply option. |
3- How can I pre-apply for Veegaland Developers IPO?
Pre-applying for the Veegaland Developers IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Veegaland Developers IPO on Religare Broking. |
4- If I pre-apply for Veegaland Developers IPO, when will my order get placed?
Your order will be submitted to the exchange as soon as bidding for Veegaland Developers begins. You will receive a UPI request within 24 hours after the bidding starts. |
5- When will I know if my Veegaland Developers IPO order is placed?
We will notify you when your Veegaland Developers IPO order is placed with the exchange. |
6- What are the open and close dates of the Veegaland Developers IPO?
The open date is 10 Sep’2026 and the closing date is 15 Sep’2026. |
7- What is the lot size of the Veegaland Developers IPO?
The lot size of the IPO is 107 shares. |
8- What is the price band of the Veegaland Developers IPO?
The price band of the IPO is ₹130 to ₹140 per share. |
Upcoming IPOs Announced & Expected
Registrar information
Name
MUFG Intime India Pvt. Ltd.
Phone number
022-4918 6000
Email ID
veegalanddevelopers.ipo@in.mpms.mufg.com