Incorporated in 2007, Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects. The company undertakes planning, construction, and execution of property developments. The company emphasizes quality construction, modern design, and timely project delivery. Its portfolio typically includes housing projects, commercial complexes, and integrated developments catering to diverse customer segments.
Their business projects can be classified into the following categories based on the nature and description of each project:
- Completed Projects: 10 Completed Projects
- Ongoing Projects: 12 Ongoing Projects
- Upcoming Projects: 3 Upcoming
Veegaland Developers Limited aims to create sustainable and value-driven properties by adopting efficient construction practices, customer-centric approaches, and compliance with regulatory standards in the real estate sector.
As of June 30, 2026, The Company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area. These comprised of 692 units (including 43 units allocated to landowners under JDAs).
As of June 30, 2026, the company had employed 127 full-time employees.
Competitive Strengths:
- Established track record of timely completion and sales absorption across completed and ongoing projects
- Integrated land source approach and balanced multi-stage development portfolio
- Integrated and process-driven development model covering the entire project lifecycle
- Experienced Promoters and competent management team supported by strong in-house functional capabilities
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects | ₹120 |
| Funding unidentified acquisition of land and general corporate purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 484 | 327 | 221 |
| Revenue | 254 | 196 | 115 |
| PAT | 27 | 20 | 8 |
| EBITDA | 43 | 34 | 17 |
| Net Worth | 267 | 65 | 45 |
| Reserves | 233 | 60 | 40 |
| Total Borrowing | 86 | 177 | 120 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 8.54 | 7,500,000 | 64,031,903 |
| NII / HNI | 19.14 | 2,250,000 | 43,074,562 |
| Retail (RII) | 9.70 | 5,250,000 | 50,932,214 |
| Total | 10.54 | 15,000,000 | 158,038,679 |
* Amount calculated at upper price band (₹140) · ** Total includes all investor categories
- 1 Initiation of Refund 17 Sep 2026
- 2 Credit of Shares to Demat 17 Sep 2026
- 3 Lock-in Period (30%) Fri, Oct 16, 2026
- 4 Lock-in Period (50%) Tue, Dec 15, 2026
- The IPO P/E of 26x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹8 compares to post-issue EPS of ₹5 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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