Veegaland Developers IPO
Veegaland Developers IPO is a mainboard IPO raising ₹210 Cr at ₹130 – ₹140 a share. It listed on 18 Sept 2026 at ₹154, +10.0% against its issue price of ₹140, and trades at ₹125 today (−10.8% since issue). It was subscribed 14× in total.
13.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 32,30,768 | 5,73,83,779 | 18× |
| Foreign Institutional Investors | no separate quota | 51,62,108 | n/a |
| Domestic Financial Institutions | no separate quota | 78,53,907 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 4,43,67,764 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 24,23,077 | 4,36,76,009 | 18× |
| Non Institutional Investors | 16,15,385 | 2,78,82,274 | 17× |
| Corporates | no separate quota | 7,75,322 | n/a |
| Individuals | no separate quota | 2,53,40,489 | n/a |
| Others | no separate quota | 17,66,463 | n/a |
| Non Institutional Investors | 8,07,692 | 1,57,93,735 | 20× |
| Corporates | no separate quota | 1,13,848 | n/a |
| Individuals | no separate quota | 1,51,44,031 | n/a |
| Others | no separate quota | 5,35,856 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 56,53,847 | 5,22,14,609 | 9.24× |
| Cut Off | no separate quota | 4,57,44,212 | n/a |
| Price bids | no separate quota | 64,70,397 | n/a |
| Total | 1,13,07,692 | 15,32,74,397 | 14× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 15 Sept, 05:34 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 30% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.26 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.