Veegaland Developers Files for ₹250 Crore IPO
Veegaland Developers, part of the V-Guard group, files for a ₹250 crore IPO with SEBI. Discover the latest details on this fresh issue and its impact on the real estate market.
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LUCKNOW-Kochi-based Veegaland Developers, an associate of the renowned V-Guard group, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹250 crore. This maiden public offering is entirely a fresh issue, aimed at fueling the company’s ambitious expansion.
The proceeds from the Veegaland Developers IPO will be utilized to develop ongoing and upcoming residential real estate projects across Kerala. Additionally, the company plans to acquire new land parcels, strengthening its footprint in the premium and luxury housing segments.
