Runwal Enterprises Sets Price Band for Rs 500-Crore IPO Opening September 25
Mumbai, September 23, 2026: Real estate developer Runwal Enterprises Limited has announced a price band of Rs 290 to Rs 305 per equity share for its upcoming initial public offering (IPO). The issue will open for subscription on September 25, 2026, and close on September 29, 2026, the company said in a press release.
The offer consists entirely of a fresh issue of equity shares of face value Rs 2 each, aggregating up to Rs 5,000 million (Rs 500 crore). Investors can bid for a minimum lot of 49 equity shares and in multiples of 49 equity shares thereafter. Equity shares outstanding as of the date stand at 131,391,436. The issue is structured through a book-building process where up to 50% of the net issue is allocated to Qualified Institutional Buyers, at least 15% to Non-Institutional Investors, and at least 35% to Retail Individual Investors.
Incorporated in 2016, the Mumbai-based developer operates across residential, commercial, retail, and educational segments. According to a JLL Report, the company ranks third in new launches and sales in Mumbai between January 2023 and March 31, 2026. As of March 31, 2026, the company has 88.37 million square feet of developable and estimated area across 19 completed, 28 ongoing, and 33 upcoming projects.
Financially, the company reported operational revenue of Rs 1,798.9 crore for FY26, up from Rs 1,007.7 crore in FY25. Net profit rose to Rs 185.7 crore in FY26 compared to Rs 55.6 crore in FY25. The developer has secured capital from financiers such as IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, HDFC Capital, and Tata Capital Housing Finance. In 2026, Nishi Nippon Railroad Co. Ltd. and Genkai Capital Secured Investment Pte. Ltd. infused Rs 1,500 million equity into subsidiary Susneh Developers, while Nexus Select Trust invested Rs 1,150 million in Runwal Residency.
The equity shares are proposed to be listed on the BSE and the NSE. ICICI Securities Limited and Jefferies India Private Limited serve as the book-running lead managers to the issue, with Link Intime India Private Limited acting as the registrar.
