Runwal Enterprises Limited IPO
Open now25–29 Sep 2026
Latest update:
GMP +7.9% (₹24) · Price band ₹290–₹302 · Closes 29 Sep 2026 · Allotment 30 Sep 2026 (Confirmed) · Lists 5 Oct 2026 (Expected)
Grey-market premium is a compass, not a ruler. Across the 33 IPOs we have followed from a pre-listing quote to the real listing-day open, it pointed the right way 82% of the time, while how far it moved was unreliable. Read the issue-by-issue record.
What Runwal Enterprises Limited does
Runwal Enterprises Limited is a real estate developer present across the full spectrum of real estate development, specializing in residential projects that cater to affordable, mid-income, and luxury segments, as well as commercial spaces, retail malls, and educational buildings.
Runwal Enterprises Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|
| Sales | 2,409 | 1,008 | 1,799 | |
| Operating Profit | 202 | 180 | 350 | |
| OPM % | 8.4% | 17.9% | 19.4% | |
| Net Profit | 94 | 56 | 186 | |
| Total Debt | 1,786 | 2,350 | 2,979 |
Runwal Enterprises Limited IPO offer structure
Fresh issue: ₹500 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by our Company: ₹100 cr
- Investment in our wholly owned Material Subsidiaries namely Runwal Residency Private Limited and 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: ₹225 cr
- Funding acquisitions of future real estate projects and general corporate purposes
Runwal Enterprises Limited promoters and holding
- Subodh Subhash Runwal: Chairman and Managing Director
Runwal Enterprises Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- We are a prominent residential real estate developer in Mumbai. (p.193)
- We are a well-established brand. (p.193)
- Robust pipeline of Ongoing Projects and Upcoming Projects providing strong visibility of cash flows. (p.194)
- Ability to sell at premium pricing and throughout the construction phase. (p.194)
- We have a unique core competency in developing large townships which include schools, malls, retail shops and shopping arcades. (p.197)
- As of March 31, 2026, 66.65% of our real estate development projects were located in Mumbai, exposing us to geographic concentration risks. (p.22)
- Failure to complete our 28 Ongoing Projects and 33 Upcoming Projects within expected timelines or budgets could adversely affect our business. (p.23)
- We had an aggregate of 7,072 unsold units as of March 31, 2026; inability to sell this inventory could impact our cash flows. (p.29)
- We have entered into related party transactions in the past which were identified by statutory auditors as prejudicial to our interests. (p.31)
- Our subsidiary Evie Real Estate Private Limited has not obtained credit ratings for its borrowings and has incurred losses. (p.32)
Runwal Enterprises Limited peer comparison: DRHP median P/E 33.4x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Oberoi Realty Limited | Rs 1,836.75 -0.4% | 25.4x | 69.2% | 18.1% | live |
| Lodha Developers Limited | Rs 1,163.5 +1.8% | 28.2x | 37.5% | 18.8% | live |
| Godrej Properties Limited | Rs 1,702.5 +0.3% | 32.2x | 169.3% | 3.1% | live |
| Sunteck Realty Limited | Rs 289.5 +0.5% | 20.2x | 44.3% | 0.8% | live |
| Keystone Realtors Limited | Rs 364.35 +0.5% | 35.1x | 29.1% | 1.4% | live |
| Prestige Estates Projects Limited | Rs 1,487.65 +1.0% | 50.6x | 41.5% | 1.6% | live |
| Kalpataru Limited | Rs 280.1 +4.5% | 56.1x | 88.6% | — | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Runwal Enterprises Limited market and competition
We are ranked third in terms of new launches and sales in Mumbai with approximate market shares of 2.33% and 2.46%, respectively, between January 2023 and March 31, 2026.
Runwal Enterprises Limited outlook, as the document states it
We are focusing on real estate development in Mumbai to leverage several strategic advantages. We plan to expand into high-growth areas such as the western suburbs, luxury markets in south Mumbai, and the outskirts of Mumbai. We are strategically focusing on asset-light growth opportunities through redevelopment, joint ventures, and joint development projects.
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Runwal Enterprises Limited IPO: common questions
What is the Runwal Enterprises Limited IPO GMP (grey-market premium) today?
As of 25 Sep 2026 the indicative grey-market premium (GMP) for the Runwal Enterprises Limited IPO is +7.9% from a single grey-market source. GMP is unregulated and self-reported, so treat it as a sentiment signal, never a guarantee. For context, across the 33 IPOs we have tracked from a pre-listing GMP quote through to the actual listing, grey-market premium pointed the right way 82% of the time. Never decide on GMP alone.
When does the Runwal Enterprises Limited IPO open and close?
The Runwal Enterprises Limited IPO is open from 25 Sep 2026 to 29 Sep 2026.
What is the Runwal Enterprises Limited IPO price band?
The price band is ₹290–₹302 per share.
What is the lot size and minimum investment for the Runwal Enterprises Limited IPO?
One lot is 49 shares, and a retail application must be at least one lot. That is about ₹14,945 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the Runwal Enterprises Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 30 Sep 2026, refund/unblock around 1 Oct 2026 and listing around 5 Oct 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Runwal Enterprises Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 525 mainboard IPOs that have listed on the NSE since 2003, 373 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.