MUMBAI, 15 September 2026 — Exchange issue records reviewed at 17:30 IST on 15 September 2026 list Veegaland Developers for bidding at ₹130–₹140 per equity share per share during 10 September 2026 to 15 September 2026. This report focuses on the application arithmetic and the split between new capital and shareholder sales.
Veegaland Developers IPO facts
| Issue status | Live on the exchange calendar at the check time |
|---|---|
| Platform | NSE and BSE — Mainboard |
| Bid dates | 10 September 2026 to 15 September 2026 |
| Price band | ₹130–₹140 per equity share |
| Face value | ₹10 per equity share |
| Bid lot | 107 shares |
| Minimum application | 107 shares; ₹14,980 at the top of the price band |
| Issue size | Fresh issue aggregating up to ₹210 crore |
| Issue structure | Fresh issue |
| Lead manager | Cumulative Capital Private Limited |
| Registrar | MUFG Intime India Private Limited |
Veegaland Developers business context
Veegaland Developers is a Kerala real-estate developer. Its draft prospectus says the company previously operated under the Vintes name and uses the Veegaland brand; its registered office is in Ernakulam. Real-estate issuers require attention to project approvals, construction schedules, customer advances, land arrangements and geographic concentration—not only the headline issue size.
Veegaland’s displayed offer is fresh capital rather than an OFS. The final use-of-proceeds schedule therefore matters directly: readers should reconcile debt repayment, project expenditure and general corporate purposes against the ₹210-crore exchange entry. They should also inspect contingent liabilities, unsold inventory and the timing assumptions behind project cash flows in the current prospectus.
Cost of one minimum application
For Veegaland Developers, the stated minimum quantity is 107 shares. That makes the application value ₹13,910 at the lower band and ₹14,980 at the upper band, a difference of ₹1,070. The issuer’s ₹10 band width is approximately 7.69% of its lower price.
Fresh capital versus shareholder sale
The exchange record describes Veegaland Developers as an entirely fresh issue of Fresh issue aggregating up to ₹210 crore. Subject to the final prospectus, Veegaland Developers receives the proceeds after offer expenses; the displayed structure contains no OFS transfer.
Veegaland Developers proposes to list on NSE and BSE — Mainboard. The mainboard label identifies the issuer’s exchange segment; it does not remove Veegaland Developers’s pricing, allotment or post-listing risks and is not an exchange endorsement.
Status and cut-off checks
Veegaland Developers was open or at its scheduled closing point when reviewed. Its calendar entry does not prove that a late bid or UPI mandate was accepted; only the applicant’s bank, broker and exchange workflow can confirm validity.
For Veegaland Developers, the named book-running lead manager is Cumulative Capital Private Limited and the recorded registrar is MUFG Intime India Private Limited. Read this issuer’s current red herring prospectus and exchange addenda before acting; use the registrar only for official Veegaland Developers allotment or application-status queries.
Veegaland Developers methodology and risk: CapKet independently converted this issuer’s exchange terms into the arithmetic above without using grey-market premiums or promotional forecasts. Veegaland Developers shares can list below the offer price, allotment is not guaranteed, and SME liquidity may be limited where applicable. This is news and education, not investment, legal or tax advice.