Subscription status
- Qualified institutional buyers (QIB)17.76x
- Non-institutional investors (NII)18.03x
- NII: bids above ₹10 lakh (big NII)17.26x
- NII: bids of ₹2–10 lakh (small NII)19.55x
- Retail investors9.24x
- Total13.55x
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 32,30,768 | 5,73,83,779 |
| Foreign institutions (FII) | – | 51,62,108 |
| Banks, financial institutions and insurers | – | 78,53,907 |
| Mutual funds | – | 0 |
| Other institutions | – | 4,43,67,764 |
| Non-institutional investors (NII) | 24,23,077 | 4,36,76,009 |
| NII: bids above ₹10 lakh (big NII) | 16,15,385 | 2,78,82,274 |
| Corporates | – | 7,75,322 |
| Individuals(Other than RIIs) | – | 2,53,40,489 |
| Others | – | 17,66,463 |
| NII: bids of ₹2–10 lakh (small NII) | 8,07,692 | 1,57,93,735 |
| Corporates | – | 1,13,848 |
| Individuals(Other than RIIs) | – | 1,51,44,031 |
| Others | – | 5,35,856 |
| Retail investors | 56,53,847 | 5,22,14,609 |
| Cut Off | – | 4,57,44,212 |
| Price bids | – | 64,70,397 |
| Total | 1,13,07,692 | 15,32,74,397 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 107 | ₹14,980 |
| Retail (maximum) | 13 | 1,391 | ₹1,94,740 |
| Small NII / sHNI (minimum) | 14 | 1,498 | ₹2,09,720 |
| Small NII / sHNI (maximum) | 66 | 7,062 | ₹9,88,680 |
| Big NII / bHNI (minimum) | 67 | 7,169 | ₹10,03,660 |
IPO details
| Company | Veegaland Developers Limited |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Thu, 10 Sep 2026 to Tue, 15 Sep 2026 |
| Price band | ₹130 – ₹140 |
| Face value | ₹10 per share |
| Lot size | 107 shares |
| Cut-off time for UPI Mandate Confirmation | 15-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial Public offer comprising of Fresh issue of aggregating up to Rs 21,000 lakhs (including Anchor portion of 45,00,000 Equity Shares) |
| Issue Type | Book Building |
| Discount | NA |
| Tick Size | Re. 1 |
| Maximum Bid Quantity for QIB Investors | 1,13,07,653 Equity Shares in multiple of 107 Equity Shares (Calculated at lower end price band) |
| Maximum Bid Quantity for NIB Investors | 80,76,895 Equity Shares in multiple of 107 Equity Shares (Calculated at lower end price band) |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | Axis Bank Limited |
| Contact person name number and Email id | Shanti Gopalkrishnan, +91 810 811 4949, veegalanddevelopers.ipo@in.mpms.mufg.com |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | Cumulative Capital Private Limited |
Offer documents
Frequently asked questions
When does the Veegaland Developers IPO open and close?
It opens on Thu, 10 Sep 2026 and closes on Tue, 15 Sep 2026.
What is the price band of the Veegaland Developers IPO?
₹130 – ₹140 per share, with a face value of ₹10.
What is the lot size and minimum investment?
One lot is 107 shares. The minimum application is one lot, which costs ₹14,980 at the top of the price band.
When is the allotment and listing date?
Allotment was on Wed, 16 Sep 2026 and the shares listed on Fri, 18 Sep 2026.
What was the Veegaland Developers IPO listing gain?
It listed at ₹154 on Fri, 18 Sep 2026, a gain of +10.0% on the issue price of ₹140.
How do I check the Veegaland Developers IPO allotment status?
On the registrar's website (MUFG Intime India Private Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
For information only. Not investment advice. SmartFigure is not registered with SEBI as an investment adviser or research analyst. GMP is an unofficial, unregulated grey-market figure, averaged from public websites; it is not a prediction of the listing price. Rely on the offer documents.