BAJAJ FINSERV DIRECT LIMITED
IPO-Insights

Veegaland Developers IPO Updates

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Anshika

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Learn about Veegaland Developers Limited’s Draft Red Herring Prospectus filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.

Veegaland Developers Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s business profile, real estate development operations, financial performance, and the broad structure of the proposed public issue.

Veegaland Developers IPO Filing (DRHP)

The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

Veegaland Developers Limited has submitted its Draft Red Herring Prospectus to SEBI, marking the formal initiation of its IPO process. The filing is currently under regulatory review. Following SEBI observations, the company is expected to proceed with the filing of the Red Herring Prospectus (RHP), announcement of price band, and disclosure of IPO dates.

The equity shares are proposed to be listed on recognised stock exchanges in India, subject to receipt of regulatory approvals.

Issue Structure

As per the DRHP, the proposed IPO is expected to comprise the following components:

Particulars Details

Issue Type

Fresh Issue of Equity Shares

Offer for Sale

Nil

Face Value

₹10 per equity share

Issue Size

To be disclosed in RHP

Proposed Listing

NSE and BSE

Price Band

To be announced in RHP

Book Running Lead Manager

To be disclosed

Registrar to the Issue

To be disclosed

These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.

About the Company

Veegaland Developers Limited operates in the real estate development and construction segment, with a primary focus on residential and mixed-use projects. The company is engaged in the development of housing projects catering to mid-income and premium residential segments, with operations concentrated primarily in southern India.

The company’s activities include land acquisition, project planning, construction, marketing, and sale of residential units. Veegaland Developers follows an asset-heavy development model with emphasis on location selection, quality construction, and project execution timelines.

Its business strategy is centred on expanding its project portfolio, strengthening execution capabilities, and leveraging urban housing demand across key growth corridors.

IPO Objectives

According to the DRHP, the proceeds from the IPO are proposed to be utilised towards the following broad objectives:

Fund Allocation Purpose

Construction & Project Development

Funding ongoing and upcoming real estate projects

Repayment of Borrowings

Reduction of outstanding debt and interest burden

Land Acquisition

Purchase of land parcels for future development

General Corporate Purposes

Administrative, operational, and strategic requirements

These objectives are intended to support the company’s expansion plans, improve balance sheet strength, and enhance operational flexibility.

Financial Highlights

The DRHP provides an overview of Veegaland Developers Limited’s financial performance over recent years, reflecting its operational scale and profitability trends.

Key Financial Metrics (as disclosed in DRHP)

Fiscal Year / Period Revenue from Operations (₹ crore) Profit / (Loss) After Tax (₹ crore) Net Worth (₹ crore)

FY23

As per DRHP

As per DRHP

As per DRHP

FY24

As per DRHP

As per DRHP

As per DRHP

FY25

As per DRHP

As per DRHP

As per DRHP

*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.

Veegaland Developers IPO Timeline Summary

The table below summarises the current status of the IPO process based on publicly available information:

Milestone / Stage Date (or Status) Details

DRHP filed with SEBI

30 December 2025

Draft Red Herring Prospectus submitted for regulatory review

SEBI observations

Awaited

Subject to regulatory review

Red Herring Prospectus (RHP)

To be filed

Post SEBI observations

IPO Opening Date

To be announced

Final dates to be disclosed in RHP

IPO Closing Date

To be announced

As per RHP

Allotment Date

To be announced

Post IPO closure

Credit to DEMAT Accounts

To be announced

After allotment

Listing on NSE/BSE

To be announced

Subject to completion of IPO process

Note: Investors should refer to official filings for final IPO dates to learn more about Veegaland Developers IPO listing details and price, and listing timelines.

Check other upcoming ipo’s here : Upcoming IPO

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs

When did Veegaland Developers Limited file its DRHP?

Veegaland Developers Limited filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India on 30 December 2025, initiating the regulatory process for its proposed initial public offering of up to ₹250 Crores.​

The Veegaland Developers Limited IPO is currently at the Draft Red Herring Prospectus review stage, with observations from the Securities and Exchange Board of India awaited prior to advancing to the Red Herring Prospectus filing and public subscription.​

 

The Veegaland Developers Limited IPO comprises a fresh issue of equity shares aggregating up to ₹250 Crores, with no offer-for-sale component included in the proposed public offering structure.​

Subject to regulatory approvals, Veegaland Developers Limited equity shares are proposed to be listed on both the National Stock Exchange and the Bombay Stock Exchange, enabling secondary market trading and investor liquidity.​

Veegaland Developers Limited focuses on planning, developing, and selling multi-storeyed residential apartment projects in Kerala across mid-premium to ultra-luxury segments, having completed 10 projects and maintaining significant ongoing developments and land reserves.​

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Hi! I’m Nupur Wankhede
BSE Insitute Alumni
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With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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