Runwal Enterprises IPO 2026
Runwal Enterprises IPO is a book-built issue comprising a fresh issue aggregating up to approximately ₹500 Crore.
IPO Opens: 25 September 2026
IPO Closes: 29 September 2026
Runwal Enterprises IPO Profile
Runwal Enterprises Limited is a Mumbai-focused real estate development company engaged across residential, commercial, retail and other real estate segments. The company operates across affordable, mid-income and luxury residential projects and also develops commercial and retail properties.
The company also uses joint development agreements (JDAs) and other asset-light development models for certain projects.
Runwal Enterprises IPO Details
Runwal Enterprises IPO Market Lot
| 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 |
IPO Timeline
Runwal Enterprises Company Profile
Runwal Enterprises Limited was incorporated in 2016 and operates in the real estate development sector, with a strong focus on the Mumbai market.
Its portfolio includes residential developments across affordable, mid-income and luxury segments, along with commercial spaces, retail malls and educational buildings.
According to available company information, the business has developed a pipeline of ongoing and upcoming projects intended to support its future development activities and sales.
Key Business Areas
- Residential real estate development
- Affordable, mid-income and luxury housing
- Commercial real estate
- Retail and shopping developments
- Mixed-use and large-scale development projects
- Joint development and asset-light development models
Runwal Enterprises Financials
The following financial information is based on reported figures for the financial years ended March 2024, March 2025 and March 2026.
| Particulars (₹ Crore) | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Total Income | 2,436.68 | 1,050.71 | 1,850.79 |
| Profit After Tax | 93.70 | 55.65 | 185.76 |
| EBITDA | 201.73 | 180.11 | 349.81 |
| Net Worth | 372.65 | 455.86 | 768.20 |
| Total Assets | 7,079.74 | 8,328.14 | 10,254.50 |
| Reserves & Surplus | 426.07 | 460.07 | 819.81 |
| Total Borrowings | 1,783.65 | 2,312.58 | 2,909.13 |
Key Performance Indicators
| KPI | March 2026 |
|---|---|
| Debt / Equity | 3.29 |
| RoNW | 27.24% |
| EBITDA Margin | 19.44% |
| NAV | ₹61.43 |
| Price to Book Value | 4.97 |
| EPS - Pre IPO | ₹14.14 |
| P/E - Pre IPO | 21.57x |
| EPS - Post IPO | ₹12.57 |
| P/E - Post IPO | 24.26x |
Objects of Runwal Enterprises IPO
The IPO proceeds are proposed to be used for the following purposes:
| Purpose | Approx. Amount |
|---|---|
| Repayment / pre-payment of certain outstanding borrowings | ₹100 Crore |
| Investment in subsidiaries for repayment / pre-payment of borrowings | ₹225 Crore |
| General Corporate Purposes | Balance Amount |
Runwal Enterprises IPO: Strengths & Risks
Key Strengths
- Presence in residential real estate across affordable, mid-income and luxury segments.
- Established project pipeline with completed, ongoing and upcoming developments.
- Presence in Mumbai, including a significant residential development portfolio.
- Experience in commercial, retail and mixed-use projects.
- Fresh issue proceeds include planned debt repayment, which may support reduction of borrowings.
- Ability to use joint development and other asset-light development models.
Key Risks
- A substantial portion of the company's projects are concentrated in the Mumbai market.
- Real estate projects are subject to execution delays, construction risks and cost overruns.
- Unsold inventory can affect cash flows and working capital.
- Real estate development depends on land titles, approvals and regulatory compliance.
- The company has significant borrowings, making debt and interest obligations an important financial consideration.
- Dependence on third-party contractors may expose projects to execution and scheduling risks.
Runwal Enterprises IPO Allotment Status
Runwal Enterprises IPO allotment is expected to be finalized on 30 September 2026. Refund initiation and share credit are expected on 01 October 2026, subject to the final IPO schedule.
Investors can check their allotment status using their PAN, application number or demat details through the IPO registrar.
