Veegaland Developers, part of the V-Guard group, has filed draft papers with Sebi for an initial public offering (IPO) to raise Rs 250 crore. The funds will support expansion, including financing ongoing and upcoming projects, acquiring land parcels, and general corporate purposes. The IPO is a fresh issue of shares with no Offer-for-Sale component. The Kerala-based developer focuses on mid-premium to ultra-luxury residential projects.