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* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
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.
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 October 31, 2025, the company has completed 10 residential projects aggregating to 11.05 lakh square feet of saleable area.
As of October 31, 2025, the company had employed 100 full-time employees.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding a part of the expense to be incurred in the development of the Ongoing Projects and Upcoming Projects | 111.60 |
| 2 | Acquisition of identified land parcel for development of residential real estate projects | 18.49 |
| 3 | Funding unidentified acquisition of land and general corporate purposes |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 400.62 | 326.65 | 221.01 | 196.02 |
| Total Income | 125.14 | 196.22 | 114.61 | 110.08 |
| Profit After Tax | 11.29 | 20.37 | 7.83 | 14.48 |
| EBITDA | 18.92 | 33.77 | 16.72 | 24.22 |
| NET Worth | 251.73 | 65.44 | 45.07 | 37.24 |
| Reserves and Surplus | 217.98 | 60.44 | 40.07 | 32.24 |
| Total Borrowing | 48.57 | 176.97 | 120.23 | 122.15 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 36.96% |
| ROCE | 13.75% |
| Debt / Equity | 2.70% |
| RoNW | 36.96% |
| PAT Margin | 10.41% |
| EBITDA Margin | 17.21% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| Promoter Holding | 92.00% |
