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Runwal Enterprises IPOLISTED
Runwal Enterprises Limited is a Mumbai-based real estate developer engaged in residential, commercial and retail projects across affordable, mid-income and luxury segments.
Listing price
₹305
Listing gain
+0.00%
Current
₹305
Listed
05 Oct 26
Opens
25 Sept 26Closes
29 Sept 26Allotment
30 Sept 26Refund
01 Oct 26Demat
01 Oct 26Listing
05 Oct 26Overview
Price band
₹290-305
Lot size
49 shares
Min. investment
₹14,945
Issue size
₹499.83 Cr
1.64 Cr shares
Fresh issue
₹499.83 Cr
1.64 Cr shares
Face value
₹2 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Employee discount
₹14.00
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Anchor Investor | 48,83,605 | 29.78% |
| QIB | 32,55,739 | 19.85% |
| NII (HNI) | 24,41,803 | 14.89% |
| B-HNI | 16,27,869 | 9.93% |
| S-HNI | 8,13,934 | 4.96% |
| Individual | 56,97,540 | 34.74% |
| Employee | 1,20,275 | 0.73% |
| Total | 1,63,98,962 | 99.99% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,945 |
| Retail (Max) | 13 | 637 | ₹1,94,285 |
| S-HNI (Min) | 14 | 686 | ₹2,09,230 |
| S-HNI (Max) | 66 | 3,234 | ₹9,86,370 |
| B-HNI (Min) | 67 | 3,283 | ₹10,01,315 |
Listing performance
NSE/BSE: RUNWALENTERPRISESListing gain
0.00%
Gain per retail lot
₹0
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Runwal Enterprises Live GMP
Not enough GMP history yet to draw a trend.
Subscription
29 Sept, 05:32 pmOversubscribed 2.63 times · 1,13,152 applications
Total applications
1,13,152
Total bid amount
₹925 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 32,55,739 | 1,33,32,508 | 4.10x | ₹407 Cr |
| NII (HNI) | 24,41,803 | 1,01,08,308 | 4.14x | ₹308 Cr |
| B-HNI | 16,27,869 | 74,41,238 | 4.57x | ₹227 Cr |
| S-HNI | 8,13,934 | 26,67,070 | 3.28x | ₹81.35 Cr |
| Retail | 56,97,540 | 67,35,099 | 1.18x | ₹205 Cr |
| Employee | 1,20,275 | 1,43,766 | 1.20x | ₹4.38 Cr |
| Total | 1,15,15,357 | 3,03,19,681 | 2.63x | ₹925 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 2,373 | 1,443 | 0.61x |
| S-HNI | 1,186 | 3,707 | 3.13x |
| Retail | 1,16,276 | 1,05,170 | 0.90x |
| Employee | 0 | 1,214 | — |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026EBITDA Margin
19.44%
Debt to Equity Ratio
3.29
Price to Book Value
4.97
RoNW
27.24%
Valuation vs listed peers
EPS Pre IPO
₹14.14
EPS Post IPO
₹12.57
P/E Pre IPO
21.57
P/E Post IPO
24.26
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Oberoi Realty Limited | 25.88 | — | — | — |
| Lodha Developers Limited | 33.42 | — | — | — |
| Godrej Properties Limited | 27.53 | — | — | — |
| Sunteck Realty Limited | 21.09 | — | — | — |
| Keystone Realtors Limited | 56.96 | — | — | — |
| Prestige Estates Projects Limited | 51.69 | — | — | — |
| Kalpataru Limited | 57.66 | — | — | — |
Peer median P/E 33.4× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
-24.0%
Profit growth FY24 → FY26
+98.2%
P/E vs peer median
24.3× vs 33.4×
- Priced below its listed-peer median P/E.
Strengths & risks
- Strong Mumbai Presence with established market position.
- Established Brand with a long-standing Runwal Group legacy.
- Large Project Pipeline with 19 completed, 28 ongoing and 33 upcoming projects.
- Diversified Portfolio across residential, commercial and retail segments.
- Asset-Light Model through JDAs, DAs and JVs.
Buzz score · Watch
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company. | 100 |
| 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 |
| Funding acquisitions of future real estate projects and general corporate purposes. | - |
Company & documents
Runwal Enterprises Limited is a Mumbai-based real estate developer focused on residential, commercial and retail projects across affordable, mid-income and luxury segments, including townships, offices, malls and retail spaces.
As of March 31, 2026, the Company had 19 completed, 28 ongoing and 33 upcoming projects, covering both greenfield and asset-light development models such as JDAs, DAs and JVs.
The Company has 31.96 million sq. ft. of developable area across residential, retail and commercial projects, with a presence across Mumbai’s eastern, central, southern and western suburbs.
Runwal Enterprises follows an asset-light model through redevelopment, JDAs and JVs, while also pursuing mixed-use and plotted development projects to expand its real estate portfolio.
Between CY2023 and Q1 CY2026, the Company launched around 5,875 residential units and sold 6,309 units, ranking third in Mumbai for both new launches and sales.
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.
Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: runwalenterprises.ipo@in.mpms.mufg.com
Web: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Company contact
Runwal Enterprises Ltd.
Runwal & Omkar Esquare, 4th floor, Off: Eastern Exp Highway, Opp Sion Chunabhatti signal Sion-(E), Mumbai, Maharashtra, 400022
Phone: +91 22 6116 2422
Book running lead managers
- ICICI Securities Limited
- Jefferies India Private Limited
Promoters
- Subodh Subhash Runwal