Sandeep Runwal-Promoted-Runwal Developers Files DRHP For ₹2000-Crore IPO

Mumbai, October 3, 2025: Mumbai-based Runwal Developers Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The issue comprises a fresh issue of Rs 1,700 crore and an offer for sale (OFS) component of INR 300 crore by promoter – Sandeep Subhash Runwal. The face value will be INR per equity share.

The proceeds from its fresh issuance up to INR 1300 crore will be utilised for prepayment/repayment of certain outstanding borrowings availed by the Company and its subsidiaries, namely Runwal Construction Private Limited, Aethon Developers Private Limited, R Retail Ventures Private Limited, R Mall Developers Private Limited, and Histyle Retail Private Limited, in part or full, and general corporate purposes.

The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with up to 50 per cent reserved for Qualified Institutional Buyers (QIBs), not less than 15 per cent for Non-Institutional Investors (NIIs), and at least 35 per cent for Retail Individual Investors (RIIs).

The company, in consultation with the book-running lead managers, may consider a pre-IPO Placement for up to INR 340 crore. If such placement is completed, the fresh issue size will be reduced.

Incorporated in 1988, the company is a prominent real estate development company with a strong focus on lifestyle-oriented projects and a diversified portfolio spanning across residential, commercial and organized retail projects across the Mumbai Metropolitan Region (MMR) and Pune in Maharashtra.

The Company is a well-established brand in MMR and has a strong ongoing and upcoming project pipeline across residential, commercial, organized retail and hospitality in MMR and Pune (Source: Anarock Report), focussed on delivering quality and product-driven solutions within committed timelines.