Veegaland Developers IPO
Open Date
10 Sep 2026
Close Date
15 Sep 2026
Open Date
10 Sep 2026
Close Date
15 Sep 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed

Founded In
2007
CEO
Kochouseph Thomas Chittilappilly
Financials of Veegaland Developers IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | 110.77 | 192.38 | 250.98 |
| Other Income | 3.85 | 3.84 | 3.18 |
Total Income | 114.61 | 196.22 | 254.16 |
Total Expenses | 103.39 | 167.95 | 217.96 |
| Profit Before Tax | 11.23 | 28.27 | 36.20 |
Total Profit | 7.87 | 20.43 | 26.61 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company proposes to utilize funds towards part-funding the construction and development costs of eight residential real estate projects in Kerala. The deployment is intended to support ongoing construction activities, meet project-specific funding requirements, facilitate timely execution, and ensure completion of projects in accordance with their respective RERA-registered timelines. | 120 |
| The company proposes to deploy funds towards funding acquisitions of land through outright land acquisitions and/or selective joint development arrangements, and general corporate purposes. The utilization includes strategic initiatives, funding growth opportunities, strengthening marketing capabilities, meeting working capital requirements, and other purposes as approved by the Board. | - |

- Established track record of timely completion and sales absorption across completed and ongoing projects: The company is ranked as Kerala's fastest-selling real estate developer as of December 8, 2025. The company has demonstrated ability to complete residential projects within stipulated timelines with 100% sales absorption across 692 completed units.
- Integrated land source approach and balanced multi-stage development portfolio: The company follows a structured approach combining outright land acquisition with selective JDAs. The company maintains a balanced portfolio of 10 Completed Projects (11.05 lakh sq. ft.), 12 Ongoing Projects (18.57 lakh sq. ft.), and 3 Upcoming Projects (4.62 lakh sq. ft.).
- Integrated and process-driven development model covering the entire project lifecycle: The company operates through an integrated development model spanning land identification to customer handover. The company maintains control over project planning, execution, and quality through documented processes and internal checks.
- Experienced Promoters and competent management team supported by strong in-house functional capabilities: The company is led by Promoter with over 49 years of diversified experience including 16+ years in real estate. The company is supported by 45 engineers in project-monitoring roles and 127 full-time employees across various departments.

