Runwal Enterprises IPO
Bookbuilding IPO | ₹500.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Fri, Sep 25, 2026
IPO Close
Tue, Sep 29, 2026
Price Band
₹290.00 to ₹305.00
Market Cap (Pre-IPO)
₹4,507.44 Cr
IPO Details
| IPO Date | Sep 25, 2026 to Sep 29, 2026 |
| Listing Date | Tentative: Oct 05, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹290.00 to ₹305.00 |
| Lot Size | 49 Shares (Minimum: ₹14,945.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹500.00 Crores |
| Total Shares Offered | 16,393,442 shares |
| Fresh Issue | 16,393,442 shares |
| Offer For Sale | 16,393,442 shares |
Runwal Enterprises IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Issue |
| NII Shares Offered | Not less than 15% of the Issue |
Runwal Enterprises IPO Lot Size
Investors can bid for a minimum of 49 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,945 |
| Retail (Max) | 13 | 637 | ₹194,285 |
| S-HNI (Min) | 14 | 686 | ₹209,230 |
| S-HNI (Max) | 66 | 3,234 | ₹986,370 |
| B-HNI (Min) | 67 | 3,283 | ₹1,001,315 |
Runwal Enterprises Financial Information (Restated Consolidated)
Runwal Enterprises Ltd.'s revenue increased by 76% and profit after tax (PAT) rose by 234% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 10,254.50 | 8,328.14 | 7,079.74 |
| Total Income | 1,850.79 | 1,050.71 | 2,436.68 |
| Profit After Tax | 185.76 | 55.65 | 93.70 |
| EBITDA | 349.81 | 180.11 | 201.73 |
| NET Worth | 768.20 | 455.86 | 372.65 |
| Reserves and Surplus | 819.81 | 460.07 | 426.07 |
| Total Borrowing | 2,909.13 | 2,312.58 | 1,783.65 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| Debt/Equity | 3.29 |
| RoNW (Return on Net Worth) | 27.24% |
| EBITDA Margin | 19.44% |
| Price to Book Value | 4.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 14.14 | 12.57 |
| P/E (x) | 21.57 | 24.26 |
Company Overview
Runwal Enterprises Limited – Company Overview
- Incorporated in February 2016, Runwal Enterprises Limited is a real estate developer with a presence across residential, commercial and other real estate segments, with a focus on affordable, mid-income and luxury residential projects, along with commercial spaces, retail malls and educational buildings.
- The Company has a strong presence in Mumbai and is a recognized real estate brand. Between January 2023 and March 31, 2026, it ranked third in Mumbai in terms of new launches and sales, with approximate market shares of 2.33% and 2.46%, respectively.
- In the eastern suburbs of Mumbai, the Company ranked first in sales with an approximate market share of 7.88% and fourth in new launches with a market share of approximately 2.89% during the same period. In Kalyan-Dombivli, it ranked first in new launches and second in sales, with approximate market shares of 11.41% and 6.33%, respectively. (Source: JLL Report)
- As of March 31, 2026, the Company had 19 completed projects, 28 ongoing projects and 33 upcoming projects.
- Its project experience includes greenfield developments involving land acquisition as well as asset-light models such as Joint Development Agreements (JDAs). The Company also has expertise in developing large townships incorporating schools, malls, retail shops and shopping arcades.
- The Company has in-house expertise across design and architecture, construction management, sales and marketing, contracts and procurement, customer care and post-sales services, supported by tie-ups with reputed design and architecture firms.
- The Company focuses on sustainable development and has the ability to sell projects at premium pricing as well as throughout the construction phase.
- As of March 31, 2026, the Company, including its subsidiaries, had 1,181 permanent employees, with major functions including construction management, sales and marketing, customer care, accounts and billing, and contracts and procurement.
Company Strengths
- Focus on sustainable development.
- Robust pipeline of ongoing and upcoming projects.
- Expertise in developing large integrated townships.
- Well-established brand and strong market presence.
- Prominent residential real estate developer in Mumbai.
- Ability to sell at premium pricing and during construction.
- Strong project execution capabilities with in-house expertise.
- Experienced Promoter, management team and financial partners.
Use of Proceeds
| 1) | Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | 100.00 |
| 2) | Investment in the Material Subsidiaries namely Susneh Infrapark Pvt.Ltd. and Runwal Residency Pvt.Ltd. and Subsidiary namely Evie Real Estate Pvt.Ltd., for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. | 225.00 |
| 3) | Funding acquisitions of future real estate projects and general corporate purposes. | |
| Total | 325.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Runwal Enterprises IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Runwal Enterprises Ltd. | 16.74 | 16.74 | 61.43 | - | 27.24 | - | Consolidated |
| Oberoi Realty Ltd. | 68.96 | 68.96 | 492.89 | 25.88 | 13.99 | - | Consolidated |
| Lodha Developers Ltd. | 34.34 | 34.25 | 233.11 | 33.42 | 14.73 | - | Consolidated |
| Godrej Properties Ltd. | 61.43 | 61.42 | 635.96 | 27.53 | 9.61 | - | Consolidated |
| Sunteck Realty Ltd. | 13.94 | 13.94 | 245.92 | 21.09 | 5.60 | - | Consolidated |
| Keystone Realtors Ltd. | 6.25 | 6.21 | 226.82 | 56.96 | 3.32 | - | Consolidated |
| Prestige Estates Projects Ltd. | 27.76 | 27.76 | 377.80 | 51.70 | 8.02 | - | Consolidated |
| Kalpataru Ltd. | 4.76 | 4.76 | 199.91 | 57.66 | 1.94 | - | Consolidated |
Quick Info
| Sector | real estate development |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,507.44 Cr |
Important Dates
| IPO Open | Sep 25, 2026 |
| IPO Close | Sep 29, 2026 |
| Allotment Date | Sep 30, 2026 |
| Credit to Demat | Oct 01, 2026 |
| Listing Date | Tentative: Oct 05, 2026 |
Lead Manager(s)
ICICI Securities Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹499.83 crores.
- Issue Structure: The issue is entirely a fresh issue of 1.64 crore shares aggregating to ₹499.83 crores.
- IPO Dates: The issue opens for subscription on September 25, 2026 and closes on September 29, 2026.
- Allotment Date: The allotment is expected to be finalized on September 30, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on October 5, 2026.
- Retail Investment Requirement: Minimum 1 lot (49 shares) amounting to approximately ₹14,945 at the upper price band.
- Issue Price Band: ₹290 to ₹305 per equity share.
- Lot Size: 49 shares per lot.
This IPO offers investors an opportunity to participate in the company through an entirely fresh issue of shares.