Veegaland Developers Rs 210 IPO Subscribed 1.17x On Day 2 With 15% GMP Premium
India, Sept. 15 -- The residential real estate sector in India continues to capitalise on various trends taking place in the country like urbanisation, higher disposable income and increasing demand for good quality housing. Well-established regional players can leverage the existing opportunities mainly in their areas of operation.
IPO Structure and Fund Allocation
The IPO of Veegaland Developers consists of a new issuance of 1.50 crore equity shares worth Rs. 210 crore and has no offer-for-sale feature. The price band is fixed between Rs. 130 and Rs. 140 per share with the minimum lot size being 107 shares. Purchasing one lot at the upper end of the price band means that retail investors will have to invest Rs. 14,980 for one lot.At t...
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