Investors who applied for the ₹210 crore Veegaland Developers IPO are now waiting to find out whether they have received shares. The issue closed on September 15.
The Kerala-based real estate company offered its shares in the ₹130–₹140 price band. The shares are scheduled to be listed on the NSE and BSE on September 18.
Issue size: ₹210 crore
Price band: ₹130–₹140 a share
IPO opened: September 10
IPO closed: September 15
Lot size: 107 shares
Minimum investment: ₹14,980 at the upper price band
Allotment: September 16
Credit of shares: Expected on September 17
Listing: September 18 on NSE and BSE
Registrar: MUFG Intime India
Investors can check their allotment status through the IPO registrar or the stock exchanges.
Visit the MUFG Intime India IPO allotment page.
Select Veegaland Developers from the issue list.
Enter your PAN, application number or demat account details, as applicable.
Submit the details to view the allotment status.
Go to the IPO application status section on the NSE website.
Select the equity and SME IPO option.
Choose Veegaland Developers.
Enter the PAN and application details.
Submit to check the status.
If shares are allotted, they are expected to be credited to the investor's demat account on September 17, ahead of the scheduled September 18 listing.
For investors who do not receive shares, the amount blocked through the IPO application process will be released according to the applicable timeline.
Subscription figures varied across sources because of different reporting cut-off times. Final figures reported after the issue closed indicate strong demand in the non-institutional and retail categories, while institutional participation was more subdued. Investors should rely on the final exchange data rather than interim subscription figures.
Grey market indications have fluctuated sharply during the IPO process. One latest market source put the GMP at around ₹6 a share on September 16, equivalent to roughly 4 percent over the ₹140 upper issue price. GMP is unofficial and unregulated and should not be treated as a reliable indicator of the actual listing price.
The actual market price will be determined by demand and supply when the shares begin trading.
The allotment status
Release or unblocking of funds for unsuccessful applications
Credit of allotted shares to demat accounts
The September 18 listing
Post-listing trading volumes and price behaviour rather than relying on grey market indications
Veegaland Developers' IPO is a fresh issue aimed at raising capital for the company's business and development plans. The final investment outcome will depend on the company's operating performance and the valuation at which the stock trades after listing.
