Veegaland Developers Limited, a residential real estate development company based in Kochi, Kerala, plans to raise ₹210 crore through an IPO.
[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
- Kochouseph Thomas Chittilappilly,
- 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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