Veegaland Developers IPO Subscription Status Day 2: Issue Subscribed 1.24 Times

Authored By HDFC SKY | Published at: Sep 11, 2026 06:37 PM IST

Veegaland Developers IPO Day 2 subscription stood at 1.24x overall, with Retail at 1.78x, NII at 1.01x and QIB at 0.49x as of 4:58:19 PM on September 11, 2026.

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Mumbai, September 11: The Veegaland Developers IPO saw subscription pick up on the second day of bidding, with the overall issue subscribed 1.24 times by the evening of September 11, 2026. The ₹210 crore book-built IPO is entirely a fresh issue of 1.50 crore shares.

The IPO opened for subscription on September 10 and will close on September 15, 2026. The price band has been fixed at ₹130 to ₹140 per share.

Veegaland Developers IPO Day 2 Subscription Status

The Veegaland Developers IPO was subscribed 1.24 times overall by 4:58:19 PM on September 11, 2026, based on the shares offered across investor categories.

The Retail category recorded the highest subscription at 1.78 times. The NII segment was subscribed 1.01 times, while the QIB portion, excluding the anchor allocation, stood at 0.49 times.

Investor Category	Subscription
QIB	0.49x
NII/HNI	1.01x
Retail	1.78x
Total	1.24x

The IPO had received 64,371 applications as of the same snapshot.

Category-wise Veegaland Developers IPO Subscription Status

The Retail category received bids for 93,21,091 shares against 52,50,000 shares offered, taking its subscription to 1.78 times. The NII segment received bids for 22,68,293 shares against 22,50,000 shares available, resulting in a subscription of 1.01 times.

Within the NII category, the portion for applications above ₹10 lakh was subscribed 0.90 times, while the portion for applications below ₹10 lakh was subscribed 1.22 times.

Category	Day 2 Subscription
QIB, excluding anchor	0.49x
NII	1.01x
bNII, above ₹10 lakh	0.90x
sNII, below ₹10 lakh	1.22x
Retail	1.78x
Total	1.24x

Veegaland Developers Day-Wise Subscription Summary

The IPO had ended Day 1 with an overall subscription of 0.67 times. By 4:58:19 PM on September 11, the overall subscription had risen to 1.24 times, with the Retail category moving further above the one-times mark.

IPO Day	QIB	NII	Retail	Total
Day 1, September 10	0.48x	0.42x	0.89x	0.67x
Day 2, September 11	0.49x	1.01x	1.78x	1.24x

Veegaland Developers IPO Timeline

IPO Event	Date
Issue Open Date	September 10 2026
Issue Close Date	September 15 2026
Basis of Allotment Date	September 16 2026
Initiation of Refunds	September 17 2026
Credit of Shares	September 17 2026
Listing Date	September 18 2026

Brief Overview Of The IPO

Veegaland Developers is raising ₹210 crore through the IPO. The issue is entirely a fresh issue of 1.50 crore shares aggregating to ₹210 crore.

The price band has been fixed at ₹130 to ₹140 per share, with a face value of ₹10 per share. The lot size is 107 shares. Retail investors can apply for a minimum of one lot, requiring an investment of ₹14,980 at the upper end of the price band.

The IPO opened on September 10, 2026, and will close on September 15, 2026. The shares are proposed to be listed on the BSE and NSE on September 18, 2026. Cumulative Capital Pvt. Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=VEEGALAND&series=EQ&type=Active

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