BSE List Price : ₹151.00

NSE List Price : ₹154.00

subscription

Category	Times
QIBs	19.13x
HNIs	19.41x
Retail	9.95x
Total : 14.60x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	107	₹14,980
Retail Maximum	13	1,391	₹194,740
S-HNI Minimum	14	1,498	₹209,720
S-HNI Maximum	66	7,062	₹988,680
B-HNI Minimum	67	7,169	₹1,003,660

About the Company

Founded in 2007, Veegaland Developers is a real estate development company engaged in residential, commercial, and mixed-use projects. The company manages various stages of property development, including planning, construction, design, and project execution, with a focus on timely delivery. Its portfolio comprises residential projects, commercial complexes, and integrated developments catering to a diverse customer base. The company has completed 10 residential projects with an aggregate saleable area of 11.05 lakh square feet, while 12 projects are currently under development and 3 projects are upcoming. Veegaland Developers focuses on developing environmentally responsible properties that provide functional value and meet the requirements of its customers

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹114.61	₹103.39	₹7.83	₹221.01
2025	₹196.22	₹167.95	₹20.37	₹326.65
2026	₹254.16	₹217.96	₹26.61	₹483.81

Company Promoter

Kochouseph Thomas Chittilappilly

K. Chittilappilly Trust

Know before investing

• • Strengths

  The Indian residential real estate sector is supported by strong and sustained housing demand, driven by rapid urbanisation and migration towards Tier I and Tier II cities. Demand remains particularly strong across affordable and mid-income housing segments.

  Government initiatives such as PMAY-Urban, CLSS, ARHCs, affordable housing GST benefits, and RERA continue to support the residential real estate sector by improving housing accessibility, increasing transparency, and strengthening buyer confidence.

  Rising incomes among the middle class, increasing disposable income, and growing aspirations for quality housing and home ownership are driving demand across affordable, premium, and luxury segments in major cities such as Bengaluru, Hyderabad, Pune, Mumbai, and Gurgaon.
   

• • Risks

  The real estate sector is exposed to fluctuations in the prices of key construction materials such as cement, steel, sand, bricks, as well as labour costs. Such cost increases may affect project profitability, disrupt budgets, create cash-flow mismatches, and lead to construction delays, particularly in affordable housing projects. Real estate projects require multiple approvals, including land-use, environmental, fire NOCs, utility connections, and municipal permissions. Delays in obtaining these approvals may postpone project launches, increase project costs, and affect planned construction timelines. Dependence on debt, particularly high-cost borrowings, may expose developers to liquidity pressures during market downturns. Any mismatch between sales collections and construction expenditure could result in project delays, while tighter lending requirements may further increase financing challenges.
   

Objects of the Issue & Utilisation of proceeds

Funding a portion of the expenses associated with the development of ongoing and upcoming projects 
Funding unidentified land acquisitions and general corporate purposes                              
 

Company  Address

Veegaland Developers Ltd.
XXXV/564, 4th Floor,
K C F Tower, Bharat Matha College Road,
Kakkanadu, Thrikkakara,
Ernakulam, Kerala, 682021
Phone: +91 484 258 4000
Email: cs@veegaland.in
Website: https://www.veegaland.com/

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: veegalanddevelopers.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html