- Issue price
- ₹305per share
- Issue size
- ₹500 Cr1,63,98,962 shares
- Face value
- ₹2per equity share
- Lot size
- 49 sharesMin. ₹14,945 at the upper price
- Anchor biddingThu, 2026
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentWed, 2026
- ListingMon, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 1,63,98,962 shares (₹500 Cr)
- Offer for sale
- None
- Total issue
- 1,63,98,962 shares (₹500 Cr)
- Face value
- ₹2
- Listing at
- NSE, BSE
- Promoter holding
- 95.16% → 84.60%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.3%
- Anchor37.2%
- Big NII12.4%
- Small NII6.2%
- Employees0.9%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 56,97,541 | 43.35% | 35% |
| Non-institutional investors (NII) | 24,41,804 | 18.58% | 15% |
| Small NII (₹2–10 lakh) | 8,13,935 | 6.19% | — |
| Big NII (above ₹10 lakh) | 16,27,869 | 12.39% | — |
| Qualified institutional buyers (QIB) | 81,39,343 | 61.93% | 50% |
| Anchor investors | 48,83,605 | 37.16% | — |
| Employees | 1,20,274 | 0.92% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹305 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Big NII (above ₹10 lakh) | 1 | 49 | ₹14,945 |
| Employees | 1 | 49 | ₹14,945 |
| Retail individual investors | 1 | 49 | ₹14,945 |
| Small NII (₹2–10 lakh) | 1 | 49 | ₹14,945 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹14 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2026, pre-issue- EPS (basic)
- ₹16.74
- EPS (diluted)
- ₹16.74
- P/E (Fiscal 2026 at floor price of ₹290)
- 17.32×
- P/E (Fiscal 2026 at cap price of ₹305)
- 18.22×
- RoNW
- 27.24%
- NAV per share (March 31, 2026 without CCD conversion)
- ₹61.43
- NAV per share (After the issue at issue price)
- ₹100.51
- Debt to equity (Fiscal 2026 net debt to equity)
- 3.29
- EBITDA margin
- 19.44%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 1,798.95 | 1,007.77 | 2,408.87 |
| Total income | 1,850.79 | 1,050.71 | 2,436.68 |
| EBITDA | 349.81 | 180.11 | 201.73 |
| Profit after tax | 185.76 | 55.65 | 93.70 |
| Net worth | 833.54 | 509.63 | 415.67 |
| Reserves and surplus | 808.53 | 484.62 | 390.66 |
| Total assets | 10,254.50 | 8,328.14 | 7,079.74 |
12 months vs 12 months: revenue +78.5%, profit after tax +233.8%.
Source: ProspectusUpdated
About the company
The company is a Mumbai-focused real estate developer working across residential segments (affordable, mid-income and luxury) and commercial, retail and educational spaces. It develops townships and also pursues some projects on an asset-light basis through joint development and joint venture arrangements.
- Incorporated
- 2016
- Industry
- Real Estate
- Sector
- Real Estate
- CIN
- U70109MH2016PLC273223
- Website
- runwalenterprises.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Subodh Subhash Runwal | Promoter | 80.89% | 71.91% |
| Subhash Suganlal Runwal | Promoter group | 7.61% | 6.77% |
| Chanda Subhash Runwal | Promoter group | 6.66% | 5.92% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings of the company | 100.00 |
| Investment in wholly owned material subsidiaries to repay or prepay their borrowings | 225.00 |
| Funding acquisitions of future real estate projects and general corporate purposes | 117.12 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Runwal Enterprises LimitedIssuer | ₹16.74 | — | 27.24% | ₹61.43 |
| Oberoi Realty Limited | ₹68.96 | 26.95× | 13.99% | ₹492.89 |
| Lodha Developers Limited | ₹34.34 | 34.01× | 14.73% | ₹233.11 |
| Godrej Properties Limited | ₹61.43 | 27.68× | 9.61% | ₹635.96 |
| Sunteck Realty Limited | ₹13.94 | 20.30× | 5.60% | ₹245.92 |
| Keystone Realtors Limited | ₹6.25 | 59.02× | 3.32% | ₹226.82 |
| Prestige Estates Projects Limited | ₹27.76 | 53.23× | 8.02% | ₹377.8 |
| Kalpataru Limited | ₹4.76 | 59.21× | 1.94% | ₹199.91 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing Mumbai real estate brand with a reported third-place ranking in new launches and sales in the city.
- Large pipeline of ongoing and upcoming projects gives visibility on future cash flows.
- Track record of selling at premium prices, including in Kanjurmarg and Mulund.
- Experience in developing large townships with schools, malls and retail spaces.
- Revenue and profit growth reported across FY2026 on a consolidated basis.
Risks
- Most projects are concentrated in Mumbai, so local market and regulatory changes could hit results.
- Large borrowings and high net debt to equity; contingent liabilities are reported at about ₹79,800.81 million.
- Many projects are still under construction, so delays or cost overruns could affect results.
- Some projects have had completion delays, including COVID-related delays.
- Part of the net proceeds is to repay loans from ICICI Bank, an affiliate of one of the BRLMs.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹305) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Runwal Enterprises IPO open and close?
According to the Prospectus, the issue opens on Friday, 25 September 2026 and closes on Tuesday, 29 September 2026.
What is the Runwal Enterprises IPO price band?
The final issue price is ₹305 per share.
What is the lot size of the Runwal Enterprises IPO?
One lot is 49 shares, which is ₹14,945 at ₹305 per share.
Where will Runwal Enterprises shares list?
On NSE and BSE. The tentative listing date is Monday, 5 October 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Runwal Enterprises IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 30 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹100 Cr for repayment or prepayment of certain borrowings of the company, ₹225 Cr for investment in wholly owned material subsidiaries to repay or prepay their borrowings, ₹117.12 Cr for funding acquisitions of future real estate projects and general corporate purposes.
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