Veegaland Developers
Mainboard · book built · VEEGALAND · INE1JTV01015
GMP 5 days ago · bids 7 days ago
- Minimum
- ₹14,980
- Band
- ₹130–₹140
- Issue size
- ₹210 Cr
- GMP
- ₹8 (+5.71%)
- Subscribed
- 9.24×
GMP rumours
₹8(+5.71%)
Ranged ₹5–₹8 since 16 Sept
Implied ₹856 per lot, if the rumour holds — 107 shares × ₹8.
16 Sept · ₹818 Sept · ₹8
Unofficial grey-market chatter. Not a price, not a prediction, and not from any exchange.
Subscription by category
| Category | Bid | Subscribed | Chance |
|---|---|---|---|
| Retail (up to ₹2 lakh) | 5.22 Cr | 9.24× | 1 in 9 |
| sHNI (₹2–10 lakh) | 1.58 Cr | 19.55× | 1 in 20 |
| bHNI (₹10 lakh +) | 2.79 Cr | 17.26× | 1 in 17 |
| Institutional (QIB) | 5.74 Cr | 17.76× | 1 in 18 |
| All categories | 15.33 Cr | 13.55× | — |
Value applied, by category
Where the money is, rather than how contested each line is. The two often disagree — a line can be the most subscribed and still be a small corner of the book.
| Category | Amount | Share of book | Can be allotted |
|---|---|---|---|
| Retail (up to ₹2 lakh) | ₹731 Cr | 34.1% | 52,839 |
| sHNI (₹2–10 lakh) | ₹221.11 Cr | 10.3% | 539 |
| bHNI (₹10 lakh +) | ₹390.35 Cr | 18.2% | 225 |
| Institutional (QIB) | ₹803.37 Cr | 37.4% | — |
| All categories | ₹2,145.84 Cr | — | — |
Captured — refreshing
Reported figures
| ₹ crore | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Revenue | 110.77 | 192.38 | 250.98 |
| EBITDA | 16.72 | 33.77 | 42.64 |
| Profit after tax | 7.87 | 20.43 | 26.61 |
| Total assets | 221.01 | 326.65 | 483.81 |
What the money is for
- Development of ongoing projects
- 57.1%
- General corporate purposes & more
- 42.9%
Priced against its peers
- This issue, P/E
- 15.96
- Sector P/E
- 74.90
- DLF Ltd
- 35.52
- Lodha Developers Ltd
- 29.09
- Prestige Estates Projects Limited
- 64.87
A lower P/E than the sector is not a recommendation — it reflects growth, risk and size as much as price. The comparison is shown so the number has a reference, not to suggest a decision.
Figures as reported by the company. Check them against the prospectus in Documents — that filing is the authority, and this panel is a convenience until we read it directly.
What one bid costs
Priced at the top of the band, which is what gets blocked on a cut-off bid.
| Category | Minimum | Maximum | Ceiling |
|---|---|---|---|
| Retail | 1 lot · ₹14,980 | 13 lots · ₹1,94,740 | ₹2,00,000 |
| sHNI | 14 lots · ₹2,09,720 | 66 lots · ₹9,88,680 | ₹10,00,000 |
| bHNI | 67 lots · ₹10,03,660 | — | no upper limit |
Computed from the band by the same calculator that validates a bid before it is sent, so this table and the review sheet cannot disagree. A cut-off bid blocks at the upper band price, never the lower one.
The issue
- Issue size
- ₹210 Cr
- Face value
- ₹10
- Lot size
- 107 shares
- Daily window
- 10:00 – 17:00 IST
Timeline
- Opens
- 10 Sept
- Closes
- 15 Sept
- Basis of allotment
- 16 Sept
- Refunds
- 17 Sept
- Listing
- 18 Sept
Documents