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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.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
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.
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.
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.
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.
The DRHP provides an overview of Veegaland Developers Limited’s financial performance over recent years, reflecting its operational scale and profitability trends.
| 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.
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
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
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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