
Runwal Enterprises IPO
UpcomingMainboardOpens 25 September 2026Closes 29 September 2026
Incorporated in 2016, Runwal Enterprises Limited is an integrated real estate development company with a diversified presence across residential, commercial, retail, and institutional real estate segments in the Mumbai…
Incorporated in 2016, Runwal Enterprises Limited is an integrated real estate development company with a diversified presence across residential, commercial, retail, and institutional real estate segments in the Mumbai Metropolitan Region (MMR). The company develops residential projects catering to affordable, mid-market, and premium housing categories, while also undertaking commercial developments, shopping malls, and educational infrastructure projects. As of September 2024, the company’s portfolio comprised 15 completed projects, 25 projects under development, and 32 planned projects, representing a combined Developable Area and Estimated Developable Area of approximately 48.71 million square feet.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
25 Sept 2026
IPO Closes
29 Sept 2026
Allotment
30 Sept 2026
Listing
5 Oct 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 25 September 2026 |
| IPO Close Date | 29 September 2026 |
| Allotment Date | 30 September 2026 |
| Listing Date | 5 October 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,945 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,285 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,230 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,86,370 |
BHNIAbove ₹10,00,000 | 67 | ₹10,01,315 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company (₹100.00 Cr).
- 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 of their outstanding borrowings (₹225.00 Cr).
- Funding acquisitions of future real estate projects and general corporate purposes.
Strengths
- Integrated real estate development model allowing the company to efficiently execute projects from initiation to completion.
- Strong brand presence in the Mumbai Metropolitan Region (MMR) with leadership positioning in the Eastern Suburbs and Kalyan-Dombivli micro-markets.
- Diversified portfolio addressing residential segments (affordable, mid-market, premium), alongside commercial and retail properties.
- Strategic use of asset-light joint development agreements (JDA) that reduce upfront land acquisition costs and improve capital resilience.
Weaknesses
- High geographical concentration, with 66.65% of real estate development projects located in Mumbai, heavily exposing the business to regional regulatory changes and economic slowdowns.
- Significant execution risks as 86.33% of the total developable area remains tied to ongoing and upcoming projects, making them vulnerable to construction delays and cost overruns.
- Negative cash flows from operating activities across Fiscals 2026, 2025, and 2024 (e.g., -₹1,807.13 million in FY26) due to heavy working capital absorption in real estate development.
- Elevated leverage with total borrowings at ₹2,909.13 Crore as of FY26, resulting in a high debt-to-equity ratio of 3.29 and creating significant interest servicing burdens.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 10,254.5 | 8,328.14 | 7,079.74 |
| Revenue (₹ Cr.) | 1,850.79 | 1,050.71 | 2,436.68 |
| PAT (₹ Cr.) | 185.76 | 55.65 | 93.7 |
| Net Worth (₹ Cr.) | 768.2 | 455.86 | 372.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Runwal Enterprises | 4.97 | 24.26 | 27.24% | 768.2 |
| Kalpataru Ltd. | 1.34 | 53.72 | 2.28% | 4,078 |
| Prestige Estates Projects | 3.9 | 50.12 | 7.35% | 16,740 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Runwal Enterprises Limited
- Runwal & Omkar Esquare, 4th floor, Off: Eastern Exp Highway, Opp Sion Chunabhatti signal, Sion-(E), Mumbai City, Mumbai, Maharashtra, India, 400022
- +91 22 6116 2422
- company.secretaries@runwalgroup.in
- https://www.runwalenterprises.com
Registrar Details
- MUFG Intime India Private Limited
- +91 810 811 4949
- runwalenterprises.ipo@in.mpms.mufg.com
- https://www.in.mpms.mufg.com
Frequently Asked Questions
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Runwal Enterprises IPO News & Updates
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Runwal Enterprises IPO IPO Pages
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Runwal Enterprises IPO Details
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Runwal Enterprises IPO GMP
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Runwal Enterprises IPO Subscription
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Runwal Enterprises IPO Allotment
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Runwal Enterprises IPO Review
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Runwal Enterprises IPO Registrar
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Sources
We match Runwal Enterprises IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.