Anatomy of an IPO. Every figure read from a filing
Veegaland Developers Limited
IssueRs 210 cr
Amount of issue size: 2,10,00,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD AMOUNT OF ISSUE SIZE
PriceRs 140
Issue Price for the current public issue Rs. 140/- per share
BSE NOTICE 20260917-24 P.2 · SHA256 00E02DBC · NOTICE ISSUE PRICE
Lot107 sh / Rs 14,980
Market lot: 107
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD MARKET LOT
Allotted16 Sep 2026
Date of Allotment in the public issue: September 16, 2026
BSE NOTICE 20260917-24 P.2 · SHA256 00E02DBC · NOTICE DATE OF ALLOTMENT
Listed18 Sep 2026
Date of listing: 2026-09-18
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD DATE OF LISTING
Last closeRs 142.65 · +1.9%
9 trading day(s) from 2026-09-18 to 2026-09-30. Closed at 144.95 on the first day held and 142.65 on the last, down 1.6% between them. Issued at 140.
BSE DAILY PRICES, SCRIP 544923 P.1 · SHA256 59D4049E · BSE STOCK PRICE CSV
01 Who was given shares, and on what terms
Anchor investors30.00%
Number of share allocated to anchor: 45,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD SHARES ALLOCATED TO ANCHOR
ALLOCATED BEFORE BIDDING OPENED, AT A PRICE NOBODY BID · RS 63 CRORE
Other institutions20.00%
Number of share allocated to QIB: 30,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD ALLOCATED TO QIB
QUALIFIED INSTITUTIONAL BUYERS, NET OF THE ANCHOR PORTION
Wealthy individuals15.00%
Number of share allocated to NII: 22,50,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD ALLOCATED TO NII
NON-INSTITUTIONAL, THE PORTION ABOVE TWO LAKH RUPEES
People like you35.00%
Number of share allocated to RII: 52,50,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD ALLOCATED TO RII
RETAIL. GUARANTEED BY LAW WHETHER OR NOT ANYONE WANTS IT
The odds of an application getting shares need the retail subscription, which comes from the bid book while bidding runs. This issue listed before this site began holding books, and the exchange withdraws the book at close, so for this issue it no longer exists anywhere.
02 The issue, and where the money went
1,50,00,000 shares offered
Number of issue shares: 1,50,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD NUMBER OF ISSUE SHARES
Rs 210
crore
Amount of issue size: 2,10,00,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD AMOUNT OF ISSUE SIZE
BIDDING 10 SEP 2026 TO 15 SEP 2026 PRICE FIXED AT RS 140
03 Where the money came out
100% of the money
Partly to the company, partly to selling shareholders
Rs 210 crore
COMPOSITION FRESH · 0 SHARES SOLD BY EXISTING HOLDERS
Rs 210 crore
to the company
THE FRESH ISSUE PORTION, AT THE ISSUE PRICE.
What the company will do with it
The objects of the offer are complete only in the final prospectus. A red herring states the fixed objects and leaves the residual one and the total blank, because both depend on the price.
04 What the company earns
FY 2025Rs 250.98 croreRs 26.61 crore profit for the year · 10.6% of revenueFY 2024Rs 192.38 croreRs 20.43 crore profit for the year · 10.6% of revenueWhat the filing states about the latest year · FY 2025
EBITDARs 42.64 croreEBITDA margin16.78%Return on net worthnot stated in a table that checks outReturn on capital employednot stated in a table that checks outDebt to equitynot stated in a table that checks outCurrent rationot stated in a table that checks outNet worthnot stated in a table that checks outRead from the key performance indicators
What the filing states about the latest year · FY 2025
Read from the key performance indicators
5 indicator(s) over 2025, 2024: Revenue from Operations (1) 2025 Rs 250.98 crore, 2024 Rs 192.38 crore
VEEGALAND DEVELOPERS LTD. - RHP P.156 · SHA256 195858D0 · KEY PERFORMANCE INDICATORS
05 When those shares come back to the market
- 16 Sep 2026ALLOTMENT
- 18 Sep 2026LISTED
- 16 Oct 2026Anchor lock-in, first trancheRs 32 crore · 22,50,000 SHARES UNLOCK
- 15 Dec 2026Anchor lock-in, second trancheRs 32 crore · 22,50,000 SHARES UNLOCK
06 Every dated unlock, with the page it was read from
Anchor lock-in, first tranche
16 Oct 2026
ICDR Sch XIII Pt A Cl.10(j) · 30 days
Shares: 22,50,000
At the issue price: Rs 31.50 crore
Source: BSE issue summary, scrip 544923 p.1 1f88c103
Number of share allocated to anchor: 45,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD SHARES ALLOCATED TO ANCHOR
Period: 30 days
locked-in for a period of 30 days from the date of Allotment
VEEGALAND DEVELOPERS LTD. - RHP P.479 · SHA256 195858D0 · STATED ANCHOR FIRST TRANCHE
Anchor lock-in, second tranche
15 Dec 2026
ICDR Sch XIII Pt A Cl.10(j) · 90 days
Shares: 22,50,000
At the issue price: Rs 31.50 crore
Source: BSE issue summary, scrip 544923 p.1 1f88c103
Number of share allocated to anchor: 45,00,000
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · ISD SHARES ALLOCATED TO ANCHOR
Period: 90 days
90 days from the date of Allotment
VEEGALAND DEVELOPERS LTD. - RHP P.479 · SHA256 195858D0 · STATED ANCHOR SECOND TRANCHE
Not dated on this page, and why
- Minimum promoters' contribution: the prospectus does not state the minimum promoters' contribution period in a form this reader recognises, and the period depends on whether the proceeds fund capital expenditure
- Promoter holding above the minimum: the promoters' total holding after the offer, which this lock-in is that total less the minimum contribution, was not read from the capital structure summary, or the contribution itself was not
- Pre-IPO non-promoter lock-in: everything locked for six months that is not the promoters own holding follows by arithmetic from the post-issue capital, the offer and the promoters holding, all of which are here, except for the shares the regulation exempts from lock-in, which no filing in this store states as a count. Without that count the figure would be an upper bound rather than a figure, so it is not published
30.00% of this issue was allocated before the public could bid, at a price nobody bid.
BSE ISSUE SUMMARY, SCRIP 544923 P.1 · SHA256 1F88C103 · NOTHING HERE IS ADVICE.
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