[Fresh Issue ₹210 Cr + OFS NIL]

Veegaland developers ipo price: ₹130–₹140 per share

Veegaland Developers: History

The Company was originally incorporated as Vintes Solutions Private Limited, a private limited company under the Companies Act, 1956, on August 10, 2007.

It was then converted into a public limited company on September 30, 2025, under a special resolution passed by the shareholders.

The Company subsequently changed its name to Veegaland_Developers_Limited, and the RoC issued a fresh certificate of incorporation on November 6, 2025.

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Veegaland Developers: Business

Veegaland Developers Ltd is a real estate development company engaged in planning, developing, and selling multi-storied residential apartment projects in the state of Kerala, India.

The Company develops –

• mid-premium,
• premium,
• ultra-premium,
• luxe-series, and
• ultra-luxury residential projects

The Company operates under the brand name Veegaland Homes and, as of this date, it has undertaken projects in Kochi, Thiruvananthapuram, Kozhikode, and Thrissur in the state of Kerala, India.

According to the ICRA Report, Veegaland ranked as Kerala’s fastest-selling real estate developer and is also one of the recognised residential real estate developers in the state of Kerala.

Veegaland is part of the V-Guard Group, which traces its origins to 1977, when Kochouseph Thomas Chittilappilly, established V-Guard Industries for the manufacture of voltage stabilisers.

Project Portfolio

As of June 30, 2026, the company had 25 projects (comprising approximately 34.24 lakh sq. ft. of saleable area).

10 completed projects,

12 ongoing projects, and

3 upcoming projects

Company Promoters

1. Kochouseph Thomas Chittilappilly,
2. Chittilappilly Trust

Refer to Veegaland Developers Limited DRHP for further information.

IPO Detail

ipo date: 10 Sept – 15 Sept 2026

Minimum Amount: ₹14,980

Minimum Bid: 107 Shares

Face Value: INR 10 per share

Listing On: NSE, BSE

Financial

Book Running Lead Manager

Cumulative Capital

CONCLUSION

Considering financial performance and the nature of the business, FinBlab recommends a ‘SUBSCRIBE‘ rating (keeping a long-term view in mind) for the Veegaland Developers IPO.

Do come back to learn more about “upcoming IPOs”.

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Disclaimer: This article is purely for informational purposes.

While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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