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Veegaland Developers IPO Subscription Status Day 3: Issue Subscribed 14.60 Times

Authored By HDFC SKY | Last Modified: Sep 15, 2026 06:05 PM IST

Veegaland Developers IPO was subscribed 14.60 times by the third day, with QIB bids at 19.13 times, NII at 19.41 times and retail at 9.95 times as of September 15, 2026.

Veegaland Developers IPO Subscription Status Day 3

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Mumbai, September 15: Veegaland Developers IPO entered its third and final day of bidding on September 15, 2026. The ₹210 crore bookbuilding issue is entirely a fresh issue of 1.50 crore shares. The IPO carries a price band of ₹130 to ₹140 per share, with a lot size of 107 shares. At 5:34:35 PM on September 15, investors had placed bids for 15,32,74,397 shares against 1,05,00,000 shares available in the public portion. The issue was subscribed 14.60 times overall.

Among the investor categories, the NII portion was subscribed 19.41 times, while the QIB category recorded 19.13 times subscription. Retail investors subscribed 9.95 times the shares reserved for them.

Veegaland Developers IPO Day 3 Subscription Status

By the third day, subscription had reached 14.60 times the public issue. The NII category was the most subscribed segment at 19.41 times, followed by QIB at 19.13 times and retail investors at 9.95 times.

Category Subscription
QIB (Ex Anchor) 19.13x
NII/HNI 19.41x
Retail 9.95x
Total 14.60x

Subscription data as of 5:34:35 PM on September 15, 2026.

Category-wise Veegaland Developers IPO Subscription Status

The public portion of the issue comprises 1.05 crore shares. Of this, 75 lakh shares are reserved for QIBs, 22.50 lakh shares for NIIs and 52.50 lakh shares for retail investors.

Investor Category Shares Offered Shares Bid For Subscription
QIB (Ex Anchor) 30,00,000 5,73,83,779 19.13x
NII/HNI 22,50,000 4,36,76,009 19.41x
Retail 52,50,000 5,22,14,609 9.95x
Total Public Issue 1,05,00,000 15,32,74,397 14.60x

The IPO also includes 45 lakh shares allocated to anchor investors. These shares are not included in the public issue subscription calculation.

Veegaland Developers Day-Wise Subscription Summary

The issue was subscribed 0.67 times on Day 1 and 1.25 times by the end of Day 2. Subscription stood at 14.60 times on the third day as of the latest update.

Date QIB (Ex Anchor) NII NII (>₹10L) NII (<₹10L) Retail Total
September 10 2026 (Day 1) 0.48x 0.42x 0.34x 0.57x 0.89x 0.67x
September 11 2026 (Day 2) 0.49x 1.01x 0.90x 1.22x 1.78x 1.25x
September 15 2026 (Day 3) 19.13x 19.41x 18.59x 21.06x 9.95x 14.60x

Veegaland Developers IPO Timeline

IPO Milestone 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 IPO is a ₹210 crore bookbuilding issue consisting entirely of a fresh issue of 1.50 crore shares. The price band has been set at ₹130 to ₹140 per share, while the IPO lot size is 107 shares.

At the upper end of the price band, one retail lot requires an investment of ₹14,980. The issue allocation provides 50% of the shares to QIBs, 15% to NIIs and 35% to retail investors.

The company is scheduled to list its shares 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 to the issue.

Source:

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