Veegaland Developers IPO allotment: How to check status online on NSE, BSE, MUFG Intime India

The basis of allotment for Veegaland Developers Ltd will be finalised on Wednesday, September 16. The bid finalisation details will be available on the websites of the National Stock Exchange (NSE), the BSE and MUFG Intime India.

The initial public offering was subscribed 13.55 times, with bids for 15,32,74,397 shares compared to 1,13,07,692 shares on offer, according to the NSE data.

The category for non-institutional investors (NIIs) garnered 18.03 times subscription, while the portion for qualified institutional buyers (QIBs) received 17.76 times subscription. The retail investors part was booked 9.24 times.

The ₹210 crore initial share sale was a fresh issuance of up to 1.50 crore equity shares, with no offer for sale (OFS) component.

The fresh issue proceeds will be used to partly fund the firm's ongoing projects, for unidentified land acquisition, and for corporate general purposes.

"We believe that listing our equity shares on the Stock Exchanges will significantly enhance our corporate image and increase the visibility of our brand. Additionally, it will provide our company with the benefits associated with being listed, such as improved access to capital markets and increased credibility with stakeholders," the company said in its RHP.

Veegaland Developers is a Kerala-based real estate developer involved in the planning, development and sale of multi-storied residential apartment projects. It develops projects across mid-premium, premium, ultra-premium, luxe-series and ultra-luxury residential segments.

Veegaland Developers IPO allotment date and time

Veegaland Developers IPO allotment status is expected to be finalised on Wednesday, September 16, by late evening.

How to check Veegaland Developers IPO allotment status on NSE

• Visit NSE's allotment status portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick 'VEEGALAND' from the 'Select Symbol' list
• Add your PAN or application number
• Press the 'Submit' button

Steps to check Veegaland Developers IPO allotment status on BSE

• Open this link: https://bseindia.com/investors/appli_check.aspx.
• Keep 'Equity' as the issue type
• From the ‘Issue Name’ list, pick ‘Veegaland Developers Ltd’
• Fill in either your PAN details or IPO application number
• Hit the 'Search' button

Veegaland Developers IPO allotment status on MUFG Intime India; full steps

• Head to MUFG Intime India's allotment page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select 'Veegaland Developers Limited' from the IPO names
• Add any one: PAN, Application No, DP/Client ID, or Account No/IFSC
• Click on the 'Submit' button

Veegaland Developers IPO listing date and time

Shares of Veegaland Developers will be listed on the NSE and the BSE on September 18 at 10 am.