← All IPOs

Veegaland Developers IPO Shareholding Pattern

MainboardListed
VEEGALAND · Real Estate · NSE

Updated · GMP, subscription and listing data refresh through the day.

Veegaland Developers IPO Details

RegistrarMUFG Intime India Private Limited
Lead managersCumulative Capital Private Limited
Fresh issue₹210 Cr
Offer for sale—
Market cap at the offer₹682.5 Cr

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.

Veegaland Developers Financials ₹ in crore

Profit CAGR+159.6%2024 → 2025 · 1 yr
Total assets CAGR+47.8%2024 → 2025 · 1 yr
00%505%10010%15015%20020%20242025
₹ crore20242025
Revenue—₹192.38
Expenses——
Net profit (PAT)₹7.87₹20.43
PAT margin—10.6%
Total assets₹221.01₹326.65

Veegaland Developers Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
92%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
63.69%
Promoter
Promoter & promoter groupafter the IPO
Holding63.69%
Shares3,10,48,500
Through the IPO-28.31% · exiting

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.

Veegaland Developers IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹140
Retail (min)1 lot107₹14,980
Retail (max)13 lots1,391₹1,94,740
sHNI (min)14 lots1,498₹2,09,720
bHNI (min)67 lots7,169₹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.

About Veegaland Developers

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.

Veegaland Developers IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company has a demonstrated track record of completing residential projects within or ahead of RERA timelines, with 100% sell-through achieved in all completed projects.
Our Ongoing Projects have witnessed significant sales absorption during the construction phase, supporting milestone-based collections and revenue visibility.
The company is recognized as Kerala’s fastest-selling real estate developer, reflecting demand across its residential portfolio.
The company's sales value has grown at a CAGR of 76.64% from Fiscal 2023 to Fiscal 2025, supported by higher realizations.
The company has a balanced portfolio comprising Completed, Ongoing and Upcoming projects, providing continuity of operations and visibility into future development activity.
The company's operations are led by an experienced Promoter and professional management team supported by strong in-house execution capabilities.
The company has a structured, selective and feasibility-driven approach to land acquisition, balancing development control with capital efficiency.
▼ Risk factors (8)
The company's performance is highly dependent on residential real estate market conditions, regulatory developments, economic factors and climatic events in Kerala.
Delays, cost overruns, or inability to complete ongoing and upcoming projects could adversely affect the business, results of operations, and financial condition.
Dependence on independent contractors and specialists for project execution exposes the company to risks of delays, cost overruns, quality issues, and execution failures.
Revenues, profitability, and return ratios fluctuate significantly due to the project-based and milestone-linked nature of the real estate development business.
Increases in construction input costs, price volatility of key materials, and potential disruptions in supply chains may adversely affect project execution, profitability, cash flows, and financial condition.
Projects are subject to risks relating to obtaining, maintaining, and renewing statutory and regulatory approvals, and any delay, failure, or withdrawal of such approvals could adversely affect project timelines, business, and financial performance.
The company cannot assure that the Objects of the Issue will be achieved within the expected time frame, or at all, and any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders’ approval.
The business is capital intensive and requires upfront investment for land acquisition, construction, regulatory approvals, and project management, and inability to fulfill working capital requirements adequately could adversely affect the business, results of operations, and financial condition.

How to check Veegaland Developers IPO allotment status

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.

RegistrarMUFG Intime India Private Limited
You will needPAN, application number or demat ID
Issue closes15 Sept 2026
Listing date18 Sept 2026
Issue opens
Thu, 10 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Tue, 15 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Wed, 16 Sept, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 17 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Fri, 18 Sept, 2026
NSE · trading from 10:00 am IST

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.

Veegaland Developers IPO Shareholding Pattern FAQs

What is the promoter holding in Veegaland Developers after the IPO?

The promoter and promoter group hold 63.69% after the issue, down from 92.00% before it, as disclosed in the offer document.

What is the pre-IPO shareholding of Veegaland Developers?

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.

Where does the shareholding pattern come from?

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.

Veegaland Developers IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited

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.

How to Apply for the Veegaland Developers IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (15 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

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.