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Market capitalisation is the post-issue share count in the offer document’s capital structure (4,87,50,000 shares) multiplied by the upper end of the price band, ₹140. It is arithmetic on those two filed figures, not a valuation.
| ₹ crore | 2024 | 2025 |
|---|---|---|
| Revenue | — | ₹192.38 |
| Expenses | — | — |
| Net profit (PAT) | ₹7.87 | ₹20.43 |
| PAT margin | — | 10.6% |
| Total assets | ₹221.01 | ₹326.65 |
The founding owners and their group entities.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
| Application | Shares | Amount at ₹140 |
|---|---|---|
| Retail (min)1 lot | 107 | ₹14,980 |
| Retail (max)13 lots | 1,391 | ₹1,94,740 |
| sHNI (min)14 lots | 1,498 | ₹2,09,720 |
| bHNI (min)67 lots | 7,169 | ₹10,03,660 |
One lot is 107 shares, so a single application at the ₹140 cut-off costs ₹14,980. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Veegaland Developers Limited is a real estate development company engaged in the planning, development, and sale of multi-storied residential apartment projects in Kerala, India. The company operates under the brand name ‘Veegaland Homes’ and has undertaken projects in Kochi, Thiruvananthapuram, Kozhikode, and Thrissur. As of October 31, 2025, it has a portfolio comprising 10 Completed Projects, 9 Ongoing Projects, and 4 Upcoming Projects.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Veegaland Developers Limited, the registrar is MUFG Intime India Private Limited — allotment is finalised in the days between the issue closing on 15 Sept 2026 and listing on 18 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
The promoter and promoter group hold 63.69% after the issue, down from 92.00% before it, as disclosed in the offer document.
Before the issue the promoter and promoter group hold 92.00% of Veegaland Developers Limited. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.
The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹9 on a ₹140 upper band means the grey market is dealing at ₹149.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.