- Q1. What is the business of Veegaland Developers Limited?
It is a Kerala‑based real estate firm focused on planning, developing and selling multi‑storied residential apartment projects across mid‑premium to ultra‑luxury segments. - Q2. Why is the company raising funds via IPO?
Veegaland Developers is raising funds via IPO to fund ongoing/upcoming project costs, acquire land and to support future development. - Q3. What is the size of the issue and where will it list?
The issue size of the IPO is ~₹250 Cr via fresh issue. It will be listed on the BSE & NSE platform. - Q4. What are the risks to an investor?
Risk factors include sector cyclicality, project execution delays, regulatory hurdles and market demand fluctuations. - Q5. What are the potential upsides?
Upsides include a strong regional brand, growing Kerala real estate market and funds to accelerate project execution. - Q6. How to apply for the IPO?
You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription. - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
Upcoming
Veegaland Developers Limited
0
IPO Score
0
*Score varies on actual price
Veegaland Developers Limited is a Kerala-based real estate developer engaged in planning, development and sale of multi-storied residential apartment projects across mid-premium to ultra-luxury segments.
Veegaland Developers Limited was incorporated in 2007 & currently Mr. Kochouseph Thomas Chittilappilly serves as the Managing Director of the company.
Veegaland Developers Limited filed its DRHP with SEBI on December 30, 2025. The IPO features entirely as a Fresh Issue up to ₹ 250 Crore.
It is engaged in planning, development and sale of multi-storied residential apartment projects across mid-premium to ultra-luxury segments in Kerala.It has completed 10 projects totaling 11.05 lakh sq ft and 9 ongoing projects totaling 12.67 lakh sq ft with 7.20 acres of land reserved in Kochi and Trivandrum.
Subscription date to apply for Veegaland Developers Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
Year |
2025 |
|---|---|
Networth
|
₹ 65.44 Cr
|
Revenue
|
₹ 192.37 Cr
|
EBITDA
|
₹ 33.77 Cr
|
PAT
|
₹ 20.42 Cr
|
EBITDA Margin
|
17.21%
|
PAT Margin
|
10.41%
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
# |
Date |
|---|---|
Open Date
|
TBA
|
Close Date
|
TBA
|
Anchor Investor Bidding
|
TBA
|
Allotment Date
|
TBA
|
Refunds& Demat Credit
|
TBA
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
Purpose |
Amount |
|---|---|
Acquiring Subsidiary / Buying any Company/ Subsidiary investment
|
18.49 Cr
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
General Corporate Purpose
|
Balance
|
Financial Data
# |
2023 |
2024 |
2025 |
|---|---|---|---|
Revenue (₹ Cr)
|
₹ 108.9
|
₹ 110.8
|
₹ 192.4
|
PAT (₹ Cr)
|
₹ 14.5
|
₹ 7.9
|
₹ 20.4
|
Asset (₹ Cr)
|
₹ 196.0
|
₹ 221.0
|
₹ 326.7
|
Net Worth (₹ Cr)
|
₹ 37.2
|
₹ 45.1
|
₹ 65.4
|
IPO Grey Market Premium
Date |
IPO Price |
IPO GMP |
Profit Per Lot |
|---|---|---|---|
08-Aug
|
₹ –
|
₹ –
|
₹ –
|
07-Aug
|
₹ –
|
₹ –
|
₹ –
|
06-Aug
|
₹ –
|
₹ –
|
₹ –
|
05-Aug
|
₹ –
|
₹ –
|
₹ –
|
04-Aug
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
Promoters |
% Shares |
|---|---|
Kochouseph Thomas Chittilappilly
|
67.25%
|
K. Chittilappilly Trust
|
24.74%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Lot Size details
Application Type |
Lot Size |
No. of Lot |
No. of Shares |
Investment Amount |
|---|---|---|---|---|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
ROE |
36.96% |
|---|---|
ROCE
|
13.75%
|
RoNW
|
36.96%
|
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