Veegaland Developers Ltd IPO: Company Review, Subscription and Allotment Updates

2026-09-15 — Day-3 subscription update

Veegaland Developers Ltd (Day-3 Final Subscription at 13.55 times)

VEEGALAND DEVELOPERS LTD - IPO SUBSCRIPTION STATUS ON DAY-3

As of 7.10 pm on 15th September 2026, out of the 113.08 lakh shares on offer in the IPO (excluding anchor portion), Veegaland Developers Ltd saw bids for 1,532.74 lakh shares. This implies an overall subscription of 13.55X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Veegaland Developers Ltd was as under:

The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 28.47% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO of Veegaland Developers Ltd was open up to September 15, 2026, and has closed for subscription as of the close of trading hours on September 15, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹2,208.84 crore.

NEXT STEPS IN THE VEEGALAND DEVELOPERS LTD IPO

Post the closure of the IPO subscription on 15th September 2026, the basis of allotment will be finalized on 16th September 2026 and the refunds will be initiated on 17th September 2026. In addition, the demat credits are expected to also happen on 17th September 2026 and the stock will list on 18th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 17th September 2026 under ISIN (INE1JTV01015).

2026-09-15 — Allotment guidance and next steps

Veegaland Developers Ltd IPO (How to check allotment status)

ABOUT THE VEEGALAND DEVELOPERS LTD IPO

The IPO of Veegaland Developers Ltd opened on September 10th, 2026 and closed on September 15th, 2026. The overall IPO comprised of a fresh issue of 1,58,07,692 shares (158.08 lakh shares) worth ₹221.31 crore at the upper price band of ₹140 per share. There was no offer for sale (OFS) component in the IPO. The allotment status will be finalized by end of day (EOD) of September 16, 2026. Here is how to check your allotment status for the IPO of Veegaland Developers Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd).

CHECKING THE ALLOTMENT STATUS OF VEEGALAND DEVELOPERS LTD IPO ON BSE WEBSITE

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity Option

Under Issue Name – Select Veegaland Developers Ltd from the drop-down box

Enter the Application Number / CAF exactly as in the acknowledgement slip OR

Enter your PAN (10-digit alphanumeric) number

Once this is done, you need to click on the Captcha to verify you are not a robot

Finally click on the Search Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Veegaland Developers Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.

CHECKING ALLOTMENT STATUS OF VEEGALAND DEVELOPERS LTD IPO ON NSE WEBSITE

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity & SME IPO Details Option

Under SELECT SYMBOL – Select VEEGALAND from the dropdown box

Enter the Application Number / CAF exactly as in the acknowledgement slip AND

Enter your PAN (10-digit alphanumeric) number

Once both are entered, click on the Submit Button

You must input the Application / CAF number and the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Veegaland Developers Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

CHECKING ALLOTMENT STATUS OF VEEGALAND DEVELOPERS LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)

Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

There are 4 options available to you to access the allotment status, and you can use any of these options to query.

You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.

The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.

You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.

You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.

Finally, click on the SUBMIT button.

In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to ipo.helpdesk@in.mpms.mufg.com or you can call on (0)-81081-14949 for voice call.

NEXT STEPS IN THE VEEGALAND DEVELOPERS LTD IPO

Post the closure of the IPO subscription on 15th September 2026, the basis of allotment will be finalized on 16th September 2026 and the refunds will be initiated on 17th September 2026. In addition, the demat credits are expected to also happen on 17th September 2026 and the stock will list on 18th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 17th September 2026 under ISIN (INE1JTV01015).

Interested in applying for this IPO?

SERNET is an Authorised Person of Choice Equity Broking Pvt. Ltd. (SEBI Reg. No. INZ000160131). All broking services — trading, demat and IPO applications — are provided by Choice Equity Broking.

New to Choice FinX? Open a free account →

Already have an account? Log in to Choice FinX →