Veegaland Developers Limited IPO
VEEGALAND · Real Estate · Listed
Updated as on 15-Sep-2026 17:42:00 · Source: NSE (official issue & subscription data) · Issue: Initial Public offer comprising of Fresh issue of aggregating up to Rs 21,000 lakhs (including Anchor portion of 45,00,000 Equity Shares)
Traddx read: Strong demand
- Demand is broad and institution-led.
- Strong institutional demand — QIB subscribed 17.8× (big investors are backing it).
- Retail is piling in (9.2×) — popular, but retail froth can fade after listing.
- Overall subscription 13.6×.
- This summarises subscription demand only — it is information, not a recommendation to apply or avoid. Not investment advice.
Veegaland Developers Limited is a listed issue in the Real Estate space, with a price band of 140 and an issue size of ₹210 Cr. The grey market premium (unofficial, via ipowatch.in) is around ₹9 (~6% over the issue price), a rough and volatile hint of listing demand. Traddx's read is based on official subscription demand and how listed peers are valued — see the breakdown below.
Subscription by category
| Investor category | Times subscribed |
|---|---|
| QIB (institutions) | 17.76× |
| Non-institutional (NII) | 18.03× |
| Retail | 9.24× |
| Total | 13.55× |
How the sector is valued (listed Real Estate peers)
| Company | Price | P/E | P/B | Net margin |
|---|---|---|---|---|
| DLF | ₹649.7 | 42.6 | — | 25.43% |
| LODHA | ₹1144.0 | 34.38 | — | 23.97% |
| GANESHHOU | ₹748.9 | 68.02 | — | 16.67% |
| RAYMONDREL | ₹589.05 | 14.96 | — | 11.0% |
Compare the IPO's asking price against what already-listed peers trade at — a much richer valuation than peers usually signals a pricey issue.