Runwal Enterprises IPO
Updated 22 Sept 2026, 1:50 pm.
Minimum investment (Retail)
₹14,945
1 lot · 49 shares at the upper price band
Price band
₹290–305
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹499.83 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹290–305
- Issue size
- ₹499.83 Cr
- Lot size
- 49
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Allotment
- 30 Sept 2026
- Listing
- 5 Oct 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- MUFG Intime India Pvt.Ltd.
- Minimum investment
- ₹14,945 (1 lot · 49 shares)
- Face value
- ₹2 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹500 Cr
- Listing at
- BSE, NSE
- Refunds
- 1 Oct 2026
- Shares credited
- 1 Oct 2026
- Promoter holding
- 87.16% before · — after
- Lead managers
- ICICI Securities Ltd., Jefferies India Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 22 Sept 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 25 to 29 Sep, 2026 |
|---|---|
| Listing Date | Mon, Oct 5, 2026 T |
| Face Value | ₹ 2 per share |
| Price Band | ₹290 to ₹305 |
| Lot Size | 49 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹ 14.00 |
| Total Issue Size | 1,63,93,442 shares (agg. up to ₹ 500 Cr) |
|---|---|
| Fresh Issue | 1,63,93,442 shares (agg. up to ₹ 500 Cr) |
| Share Holding Pre Issue | 14,34,52,930 shares |
| Share Holding Post Issue | 15,98,46,372 shares |
IPO Timetable (Tentative)
- IPO Open
- Fri, Sep 25, 2026
- IPO Close
- Tue, Sep 29, 2026
- Allotment
- Wed, Sep 30, 2026
- Refund
- Thu, Oct 1, 2026
- Credit of Shares
- Thu, Oct 1, 2026
- Listing
- Mon, Oct 5, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Issue |
| NII | Not less than 15% of the Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,945 |
| Retail (Max) | 13 | 637 | ₹1,94,285 |
| S-HNI (Min) | 14 | 686 | ₹2,09,230 |
| S-HNI (Max) | 66 | 3234 | ₹9,86,370 |
| B-HNI (Min) | 67 | 3283 | ₹10,01,315 |
Investors can bid for a minimum of 49 shares and in multiples thereof.
IPO Subscription Details
Investor Category Reservations
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
About Runwal Enterprises Ltd.
Incorporated in 2016, Runwal Enterprises Limited is a real estate developer present across the full spectrum of real estate development. The company specializes in residential projects across the affordable, mid-income, and luxury segments, as well as in the development of commercial spaces, retail malls, and educational buildings.
As of September 30, 2024, Runwal Enterprises Limited has 15 completed projects, 25 ongoing projects, and 32 upcoming projects. The residential portfolio includes an aggregate Developable Area and Estimated Developable Area of 48.71 million square feet across completed, ongoing, and upcoming projects.
In the Eastern Suburbs submarket, the company launched approximately 4,688 units and sold around 4,198 units between January 2019 and September 2024. In the Kalyan-Dombivli submarket, Runwal Enterprises Limited ranked as the top developer in new launches and sales during the same period, launching approximately 16,043 units and selling approximately 11,481 units.
Key Business Partners:
Financing Partners: IndusInd Bank Limited, Kotak Mahindra Bank Limited, ICICI Bank Limited, and Piramal Capital and Housing Finance Limited
Construction Company: New Consolidated Construction Company Limited
Architects: Architect Hafeez Contractor and HBA International Limited
Technical Consultants: Mahimtura Consultants Private Limited
As of September 30, 2024, Runwal Enterprises Limited (including its subsidiaries) had 791 permanent employees.
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
NET Worth
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 7,002.81 | 6,240.48 | 5,250.74 | 3,898.08 |
| Total Income | 310.81 | 707.72 | 234.66 | 63.19 |
| Profit After Tax | 25.53 | 107.28 | -6.74 | -50.99 |
| NET Worth | 434.91 | 407.02 | 298.83 | 305.02 |
| Reserves and Surplus | 634.10 | 606.21 | 498.36 | 401.96 |
| Total Borrowing | 1,497.83 | 1,205.63 | 1,228.23 | 1,574.51 |
| Amount in ₹ Crore |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | 200.00 |
| 2 | Investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and our Subsidiary namely Evie Real Estate Private Limited, for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. | 450.00 |
| 3 | Funding acquisitions of future real estate projects and general corporate purposes. | — |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2024 |
|---|---|
| RoNW | 26.69% |
| PAT Margin | 1.68% |
| NAV | 32.55 |
| Price to Book Value | 9.37 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.48 | 3.19 |
| P/E (x) | 40.78 | 95.61 |
| Market Cap at Offer Price | ₹4,375.31 Cr. | ₹4,875.31 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group87.16%
- Public12.84%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 87.16% | — |
| Public | 12.84% | — |
| Total | 100% | — |
Company Promoter: Subodh Subhash Runwal
Runwal Enterprises IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
MUFG Intime India Pvt.Ltd.
022-49186000
runwalenterprises.ipo@in.mpms.mufg.com
IPO Lead Manager(s)
ICICI Securities Ltd.
Jefferies India Pvt.Ltd.
Contact Details
Runwal Enterprises Ltd. Address
Runwal & Omkar Esquare, 4th floor, Off:
Eastern Exp Highway, Opp Sion Chunabhatti signal,
Sion-(E),
Mumbai, Maharashtra , 400022
+91 22 6116 2422
company.secretaries@runwalgroup.in
Runwal Enterprises IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Runwal Enterprises: common questions
Answered from this issue's own record.
