Veegaland Developers IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 114.61 | 196.22 | 254.16 |
| Expense | 103.39 | 167.95 | 217.96 |
| Profit (PAT) | 7.83 | 20.37 | 26.61 |
| Total Assets | 221.01 | 326.65 | 483.81 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Shriram Properties Limited | 5.91 | 12.91 | 7.16 | 85.55 | 1,267.41 Cr |
| Puravankara Limited | 2.69 | 84.24 | 3.23 | 75.37 | 3,739.83 Cr |
Promoters: Kochouseph Thomas Chittilappilly and K. Chittilappilly Trust
Strengths & Risks
- Healthy grey-market premium — +13% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Revenue grew 30% in the latest reported year.
- Solid profit margin — 10.5%.
- Strong return on equity — 16%.
Risk signals for Veegaland Developers will appear here as subscription, valuation and GMP data arrive. Always read the company-specific risk factors in the RHP before you apply.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Veegaland Developers, founded in 2007, is a real estate development firm that works on residential, commercial, and mixed-use projects. From planning and construction to modern design and timely execution of property developments, Veegaland Developers handles everything. Its project portfolio includes housing projects, commercial complexes, and integrated developments serving a wide range of customers. So far, the firm has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area; 12 are ongoing projects, and 3 are upcoming ones. The company’s main aim is to build environmentally responsible properties, be useful, and provide good value to the customers.
| Purpose | Amount (Cr) |
|---|---|
| Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects | 119.83 |
| Funding unidentified acquisition of land and general corporate purposes | - |
Resources & Documents
Veegaland Developers Ltd., XXXV/564, 4th Floor,, K C F Tower, Bharat Matha College Road,, Kakkanadu, Thrikkakara,, Ernakulam, Kerala, 682021
Veegaland Developers has set a price band of Rs 130–Rs 140 per share for an issue size of Rs 210 crore. The Mainboard issue is scheduled to open for subscription on September 10, 2026 — 8 days from now.
Veegaland Developers, founded in 2007, is a real estate development firm that works on residential, commercial, and mixed-use projects. From planning and construction to modern design and timely execution of property developments, Veegaland Developers handles everything.
The issue is promoted by Kochouseph Thomas Chittilappilly and K. Chittilappilly Trust with Cumulative Capital Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects (Rs 120 crore) and Funding unidentified acquisition of land and general corporate purposes.
Grey market is quoting a premium of +Rs 18 (+12.9% over issue price).
On fundamentals, the company is posting revenue growth of 29.5%, a profit margin of 10.5%, return on equity of 16.0% in its most recent reported period. Listed peers in this segment include Shriram Properties Limited (P/E 12.91x) and Puravankara Limited (P/E 84.24x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Veegaland Developers IPO GMP — What It Means
The latest grey market premium for Veegaland Developers IPO is ₹18 (+12.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Veegaland Developers it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Veegaland Developers GMP history and trend, or learn how grey market premium works and how reliable it is.
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