Veegaland Developers has fixed its initial public offering (IPO) price band between ₹130 and ₹140 per equity share, with a face value of ₹10 each. The subscription for the IPO is scheduled from September 10 to September 15, aiming to raise ₹210 crore to fund its real estate projects, according to livemint.com.
The company has defined the allocation of shares across various investor categories ahead of the IPO. The shares are expected to be listed on the stock exchanges on September 18. This timeline follows the subscription period and allows investors to participate in the offering within the specified dates, as detailed by livemint.com.
This IPO comes at a time when the real estate sector is witnessing renewed investor interest, with several developers tapping the public markets to raise capital. Veegaland Developers’ ₹210 crore target positions it among mid-sized real estate IPOs this year. The pricing band reflects the company’s valuation strategy in line with market conditions and comparable offerings in the sector, according to livemint.com.
The subscription window opens on September 10 and closes on September 15, with the company’s shares expected to debut on the exchanges on September 18, as per the official schedule released by Veegaland Developers and reported by livemint.com.