Runwal Enterprises IPO Details
Runwal Enterprises IPO Summary
Runwal Enterprises IPO opens for subscription on 25 Sep 2026 and closes on 29 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 05 Oct 2026.
Runwal Enterprises IPO price band has been fixed at ₹290 – ₹305 per share. The face value is ₹2 per share with a lot size of 49.
Runwal Enterprises IPO total issue size comprises 1,63,93,442 shares (aggregating up to ₹500.00 Cr). This includes a fresh issue of 1,63,93,442 shares (aggregating up to ₹500.00 Cr). Pre-issue shareholding stands at 14,34,52,930, which will increase to 15,98,46,372 post-issue.
Runwal Enterprises IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Runwal Enterprises IPO Lot Size :Retail Minimum is 1 lot (49 shares) amounting to ₹14,945. Retail Maximum is 13 lots (637 shares) amounting to ₹1,94,285. SHNI Minimum is 14 lots (686 shares) amounting to ₹2,09,230. SHNI Maximum is 66 lots (3,234 shares) amounting to ₹9,86,370. BHNI Minimum is 67 lots (3,283 shares) amounting to ₹10,01,315.
Runwal Enterprises IPO Details
Runwal Enterprises IPO Subscription
Runwal Enterprises IPO Application Wise Breakup (Approx)
Runwal Enterprises IPO Dates
- 25 Sep 2026Opening dateOpen
- 29 Sep 2026Closing dateClose
- 30 Sep 2026Allotment Date Allotment
- 01 Oct 2026Initiation of RefundsRefund
- 01 Oct 2026Credit of SharesCredit
- 05 Oct 2026Listing dateListing
Runwal Enterprises IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 49 | ₹14,945 |
| Retail Maximum | 13 | 637 | ₹1,94,285 |
| SHNI Minimum | 14 | 686 | ₹2,09,230 |
| SHNI Maximum | 66 | 3234 | ₹9,86,370 |
| BHNI Minimum | 67 | 3283 | ₹10,01,315 |
Runwal Enterprises IPO Reservation
Promoter Holding
Documents
Runwal Enterprises IPO Valuations
Runwal Enterprises Financial Information
| 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 ₹ Crore | |||
About Runwal Enterprises IPO
Incorporated in February 2016, Runwal Enterprises Limited is a real estate developer with a presence across the full spectrum of real estate development, with a focus on residential projects across affordable, mid-income and luxury segments, along with commercial spaces, retail malls and educational buildings. The Company has a strong presence in Mumbai and is a recognized brand in the real estate industry. The Company is ranked third in Mumbai in terms of new launches and sales, with approximate market shares of 2.33% and 2.46%, respectively, between January 2023 and March 31, 2026. In the eastern suburbs of Mumbai, it 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, the Company 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. It also focuses on sustainable development and has the ability to sell projects at premium pricing and 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.
Strength Of Runwal Enterprises IPO
- We are a prominent residential real estate developer in Mumbai.
- We are a well-established brand.
- Robust pipeline of Ongoing Projects and Upcoming Projects providing strong visibility of cash flows.
- Ability to sell at premium pricing and throughout the construction phase.
- We have a unique core competency in developing large townships which include schools, malls, retail shops and shopping arcades.
- Demonstrated strong project execution capabilities with in-house functional expertise and tie-ups with reputable design and architect firms.
- Strong focus on sustainable development.
- Experienced Promoter, qualified senior management and credible financial partners.
Risk Of Runwal Enterprises IPO
- As of March 31, 2026, 66.65% of our real estate development projects were located in Mumbai. Consequently, we face risks stemming from economic, regulatory and other changes, including natural disasters in these areas affecting the performance of the real estate market in Mumbai, which might adversely impact our business, results of operations, cash flows and financial condition.
- As of March 31, 2026, we had 28 Ongoing Projects and 33 Upcoming Projects which consists of 86.33% of our total Developable Area. Failure to complete these projects or future projects within their expected timelines, or at all, and any cost overruns could adversely affect our business, reputation, financial condition and results of operations.
- As of March 31, 2026, we had an aggregate of 7,072 unsold units consisting of a total unsold Developable Area of 7.55 million square feet across our Completed Projects and Ongoing Projects. If we are unable to sell our existing or future inventory within our expected timelines or at all, our business, financial condition and results of operations may be adversely affected.
- Our Company and Runwal Residency Private Limited have in the past entered into certain related party transactions which have been identified by the respective statutory auditors for the respective period in which such related party transactions have been undertaken, to be prejudicial to the interest of the respective entity, and may continue to enter into such related party transactions that may involve conflicts of interest, which, may adversely affect our business, results of operations, cash flows and financial condition.
- We propose to either repay or pre-pay, in full or part, all or a portion of certain outstanding borrowings availed by our wholly owned Material Subsidiaries namely, Runwal Residency Private Limited and Evie Real Estate Private Limited, from the Net Proceeds. However, as of the date of this Red Herring Prospectus, Evie Real Estate Private Limited has not obtained any credit rating letters for their borrowings and has also incurred losses in Fiscal 2025. The non-availability of a credit rating poses risks to the ability of this entity to secure financing as lenders are unable to assess its creditworthiness and this may limit its ability to raise debt financing. If Evie Real Estate Private Limited is unable to raise adequate capital in a timely manner and on acceptable terms, or at all, its business, results of operations, cash flows and financial condition could be adversely affected.
- Any uncertainty in land acquisition and title could adversely affect our business and growth prospects.
- Our Subsidiaries, Runwal Real Estates Private Limited, Evie Holdings Private Limited, Wheelabrator Realty Private Limited, Runwal Milestone Developers Private Limited, Runwal Highrise Private Limited, Runwal Commercial Plaza Private Limited, Evie Infrapark Private Limited, Horizon Projects Private Limited (formerly Evie Realty Private Limited), Susneh Developers Private Limited, Evie Real Estate Private Limited, Evie Construction Private Limited, Evie Developers Private Limited, Susneh Infrapark Private Limited, Susneh Homes Private Limited, Susneh Real Estate Private Limited and Garden City Malls Private Limited have incurred losses in certain of Fiscals 2026, 2025 and 2024. In addition, our Subsidiaries, Runwal Real Estates Private Limited, Evie Holdings Private Limited, Wheelabrator Realty Private Limited, Runwal Highrise Private Limited, Runwal Commercial Plaza Private Limited, Evie Infrapark Private Limited, Horizon Projects Private Limited (formerly Evie Realty Private Limited), Evie Developers Private Limited, Susneh Homes Private Limited, Susneh Real Estate Private Limited and Runwal Milestone Developers Private Limited have had negative net worth in certain of Fiscals 2026, 2025 and 2024. Any similar losses or negative Net Worth in the future may adversely affect our business, financial condition, cash flows and results of operations.
- We had negative cash flows of Rs.(560.43) million in Fiscal 2025 and may continue to have negative cash flows in the future. Any such negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- As of March 31, 2026, 84.39% of our total Developable Area and 93.93% of our total sales across our Completed Projects, Ongoing Projects and Upcoming Projects are attributable to residential projects. Our significant reliance on residential development necessitates a deep understanding of our customers' needs and preferences to deliver projects that align with their expectations. Failure to consistently anticipate and respond to these needs could adversely impact our business, financial condition and results of operations.
- Our Statutory Auditors and the auditors for our Subsidiaries and Joint Venture have included certain remarks in their audit reports and examination reports. There can be no assurance that our audit reports for any future periods or financial years will not contain qualifications, matters of emphasis or other observations, including any observations that may have an effect on our financial statements and which could adversely affect our financial condition and results of operations.
Objectives Runwal Enterprises IPO
1. Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company
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.
3. Funding acquisitions of future real estate projects and general corporate purposes.
Company Contact Details
Runwal Enterprises Ltd.
Runwal & Omkar Esquare, 4th floor, Off:
Eastern Exp Highway, Opp Sion Chunabhatti signal,
Sion-(E), Mumbai City, Mumbai, Maharashtra, India
Mumbai, Maharashtra, 400022
Phone: +91 22 6116 2422
Email: company.secretaries@runwalgroup.in
Website: www.runwalenterprises.com
Registrar Contact Details
Runwal Enterprises FAQs
The Runwal Enterprises IPO is a MAINBOARD public issue comprising 16393442 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹500.00 Cr. The issue price has been fixed at ₹305 per equity share, and the minimum application size is 49 shares.
The IPO opens for subscription on 25 Sep 2026, and closes on 29 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹0 (0%).
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