About Veegaland Developers
Veegaland Developers Limited, a Kerala-based real estate developer backed by the V-Guard Group, is launching its initial public offering (IPO) to raise ₹210 crore. The issue consists entirely of fresh equity shares with no Offer for Sale (OFS) component.
Financial & Business Overview
Financial Performance: For the financial year ending March 31, 2026, the company reported a revenue of ₹250.98 crore (a 30.46% year-over-year increase) and a Profit After Tax (PAT) of ₹26.61 crore.
Business Profile: Ranked as Kerala\’s fastest-selling real estate developer, Veegaland focuses on mid-premium to ultra-luxury residential and mixed-use projects exclusively within the state.
Objectives of the Issue: The company plans to utilize ₹119.83 crore of the net proceeds to fund the construction and development of its ongoing and upcoming projects. The rObjectives of the Issue: The company plans to utilize ₹119.83 crore of the net proceeds to fund the construction and development of its ongoing and upcoming projects. The remaining funds are earmarked for land acquisition and general corporate purposes.emaining funds are earmarked for land acquisition and general corporate purposes.
Promoters: The company is promoted by Kochouseph Thomas Chittilappilly and the K.Chittilappilly Trust.
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