Veegaland Developers IPO Subscription Status
Final figures at close of bidding: 18 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 19.13x |
| NII | 19.41x |
| sNII (₹2L–₹10L) | 21.06x |
| bNII (above ₹10L) | 18.59x |
| Retail (RII) | 9.95x |
| Total | 14.6x |
Bidding day 6
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.48x | 0.57x | 0.34x | 0.89x | 0.67x |
| Day 2 | 0.49x | 1.22x | 0.9x | 1.78x | 1.25x |
| Day 3 | 0.49x | 1.22x | 0.9x | 1.78x | 1.25x |
| Day 4 | 0.49x | 1.22x | 0.9x | 1.78x | 1.25x |
| Day 5 | 0.49x | 1.22x | 0.9x | 1.78x | 1.25x |
| Day 6 | 19.13x | 21.06x | 18.59x | 9.95x | 14.6x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Veegaland Developers book was built over 6 days: overall subscription stood at 0.67× at the close of day 1, read 1.25× at the end of day 2, read 1.25× at the end of day 3, read 1.25× at the end of day 4, read 1.25× at the end of day 5, and finished at 14.6× on day 6. On the final day it was non-institutional investors (NII) driving the book, at 19.41× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 6, when the overall multiple moved from 1.25× to 14.6×.
Category detail
Qualified institutional buyers took their portion to 19.13×. Non-institutional investors came in at 19.41×, split 21.06× in the small-NII bucket (bids under ₹10 lakh) and 18.59× among big NIIs (above ₹10 lakh). Within the NII book, the smaller sub-₹10-lakh applications outpaced the bigger bids. Retail investors put in bids for 9.95× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 19.41× and retail investors at the bottom at 9.95×.
What the multiple means for allotment
With retail subscription at 9.95×, applications in that category exceeded the shares available to it by a factor of about 9.95. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 107 shares — ₹14,980 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Veegaland Developers IPO open and close?
- The Veegaland Developers IPO opens on 10 Sept 2026 and closes on 15 Sept 2026.
- How many times was the Veegaland Developers IPO subscribed?
- The Veegaland Developers IPO was subscribed 14.6 times in total across all investor categories.
- What is the reservation split in the Veegaland Developers IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.