Business Overview
Veegaland Developers Limited is a real estate development company engaged in the planning, development and sale of multi-storied residential apartment projects in the state of Kerala, India. The company's projects are developed across mid-premium, premium, ultra-premium, luxe-series and ultra-luxury residential segments and are implemented in accordance with the applicable provisions of RERA. Operating under the brand name 'Veegaland Homes', the company has undertaken projects in Kochi, Thiruvananthapuram, Kozhikode and Thrissur. According to the ICRA Report, as of December 8, 2025, the company is ranked as Kerala's fastest-selling real estate developer. It forms part of the broader V-Guard Group and entered the real estate development sector in 2011.
Veegaland Developers IPO Size
Objects of the Issue
Funding a part of the expense to be incurred in the development of the company's ongoing projects and upcoming projects
Acquisition of identified land parcel for development of residential real estate projects
Funding unidentified acquisition of land and general corporate purposes
Veegaland Developers IPO Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 124.16 | 192.38 | 110.77 | 108.91 |
| PAT | 11.53 | 20.43 | 7.87 | 14.53 |
| Net Worth | 251.73 | 65.44 | 45.07 | 37.24 |
| Borrowings | 48.57 | 176.97 | 120.23 | 122.15 |
| Assets | 400.62 | 326.65 | 221.01 | 196.02 |
| NAV (₹) | 74.59 | 130.89 | 90.14 | 74.48 |
| EPS (₹) | 4.28 | 8.17 | 3.15 | 5.81 |
Key Performance Indicators (KPIs)
EBITDA
17.21%
PAT
10.41%
ROE
36.96%
ROCE
13.75%
Debt to Equity
2.70
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band
Promoter Holding
Promoter
91.99%
Public
8.01%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (1)
Company Details
Name: Veegaland Developers Limited
Address: XXXV/564, 4th Floor, K C F Tower, Bharat Matha College Road, Kakkanadu, Thrikkakara, Ernakulam – 682 021, Kerala, India
Number: +91 484 258 4000
Email: cs@veegaland.in
Website: https://www.veegaland.com
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