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Home
InvestmentsIPORunwal Enterprises IPO

Runwal Enterprises IPO

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Open Date

25 Sep 2026

Close Date

29 Sep 2026

Min Investment

₹ 14,210

Lot Size

49

Issue Size

₹ 500.00 Cr

Price Range

₹ 290 - ₹ 305

Subscribed

2.49 x
Check Status
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
25 Sep 2026
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IPO Offer Ends
29 Sep 2026
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Allotment Finalisation
30 Sep 2026
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Refund Initialisation
1 Oct 2026
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Non-Institutional Buyers (sHNI)
1 Oct 2026
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Listing of Shares
5 Oct 2026
IPO Subscription Details as on 30 Sep 2026, 01:09 AM
Qualified Instituational Buyers (QiB)
3.89 x
Retail
1.1 x
Employees
1.13 x
Total
2.49 x
Non-Institutional Buyer (bHNI)
4.35 x
Non-Institutional Buyer (sHNI)
3.09 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Runwal Enterprises Limited is a Mumbai-based real estate developer operating across the full spectrum of real estate development, specializing in residential projects catering to affordable, mid-income, and luxury segments, as well as commercial spaces, retail malls, and educational buildings. The company is ranked third in new launches and sales in Mumbai with market shares of ~2.33% and ~2.46% respectively (Jan 2023–Mar 2026), and holds the first position in sales in the eastern suburbs submarket. As of March 31, 2026, the company has 19 Completed Projects, 28 Ongoing Projects, and 33 Upcoming Projects, with a total developable area of ~88.37 million sq. ft. The company traces its origins to the legacy 'Runwal group' established in 1978, with the current entity emerging as a separate group under Subodh Subhash Runwal's leadership in 2016.
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Founded In

2016

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CEO

Lucy Roychoudhury

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DRHP

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Financials of Runwal Enterprises IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue2,408.871,007.771,798.95
Other Income27.8142.9551.84
Total Income
2,436.681,050.711,850.79
Total Expenses
2,279.90953.151,626.86
Profit Before Tax156.7797.56223.92
Total Profit
93.7055.65185.76

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to utilize a portion of the Net Proceeds towards full or partial repayment/pre-payment of certain outstanding borrowings availed by the company, to reduce indebtedness and debt servicing costs, and improve ability to raise additional capital in the future.100
The company plans to invest in its wholly owned Material Subsidiaries, Runwal Residency Private Limited and Evie Real Estate Private Limited, for full or partial repayment/pre-payment of their outstanding borrowings, to reduce subsidiary indebtedness and support business growth.225
The company intends to utilize a portion of the Net Proceeds (not exceeding a specified percentage of Gross Proceeds) towards acquiring future real estate projects in Mumbai through joint development agreements, redevelopment agreements, land acquisition, or acquisition of development rights.-
The company proposes to utilize a portion of the Net Proceeds (individually not exceeding a specified percentage of Gross Proceeds) for general corporate purposes including funding growth opportunities, meeting ordinary business expenses, servicing borrowings, brand building, strategic initiatives, and other permitted purposes.-
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  • Prominent Residential Real Estate Developer in Mumbai: The company is ranked third in new launches and sales in Mumbai with market shares of 2.33% and 2.46% respectively (Jan 2023–Mar 2026), with 12 completed residential projects comprising 11.55 million sq. ft. and 17 Ongoing Projects with 18.11 million sq. ft. of Developable Area.
  • Strong Market Position in Key Submarkets: The company ranks first in sales in the eastern suburbs submarket (~7.88% share) and first in new launches in the Kalyan-Dombivli submarket (~11.41% share), with approximately 3,857 units sold in Kalyan-Dombivli between Jan 2023 and Mar 2026.
  • Well-Established Brand with Multi-Decade Legacy: The company builds on the legacy of the 'Runwal group' established in 1978, having launched ~5,875 residential units and sold 6,309 units between Jan 2023 and Mar 2026, and has received awards such as 'Developer of the Year (Residential)' multiple times across industry platforms.
  • Robust Pipeline of Ongoing and Upcoming Projects: As of March 31, 2026, the company is executing Ongoing Projects with 19.88 million sq. ft. of Developable Area and has Upcoming Projects with an estimated 56.41 million sq. ft., providing strong visibility over future cash flows across Mumbai and near Alibaug.
  • Ability to Sell at Premium Pricing Throughout Construction Phase: The company commands premium pricing in micro-markets like Kanjurmarg and Mulund; for select projects, over 89% of saleable area was sold prior to receipt of occupancy certificates, and 40.31% of 10.84 million sq. ft. launched was sold within one year.
  • Unique Core Competency in Developing Large Integrated Townships: The company develops large township projects integrating residential, educational, commercial, and recreational facilities; for example, Runwal Gardens and Runwal My City span 250 acres with over 100 residential towers, two schools, retail malls, and 36 gardens.
  • Demonstrated Strong Project Execution Capabilities: The company has completed 19 projects comprising 12.09 million sq. ft. and sold 11,400 units, with several projects delivered ahead of RERA schedule (e.g., Runwal Forests Phase 1 completed 11 months early), supported by in-house teams of 412 construction and 17 design personnel.
  • Strong Focus on Sustainable Development: The company integrates sustainability across projects, with Runwal Gardens featuring a 530 KW solar plant, 3,408 KLD rainwater harvesting capacity, and 2,965 trees planted; Runwal BKC has received USGBC Gold LEED Pre-Certification and 7 Mahalaxmi received IGBC 'Platinum' pre-certification.
  • Experienced Promoter, Qualified Senior Management, and Credible Financial Partners: The company is led by Managing Director Subodh Subhash Runwal with over 31 years of real estate experience, supported by senior management from nationally reputed organizations and financial partners including ICICI Bank, HDFC Capital, Piramal Capital, and Nishi Nippon Railroad Co. Ltd. (equity infusion of ₹1,500 million).

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