Runwal Enterprises(C)Mainboard
Founded in February 2016, Runwal Enterprises is a leading real-estate developer building residential homes across affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings primarily in Mumbai.
Price Band
₹305 - ₹305
Lot Size
49 Shares
Issue Size
₹500.00 Cr
Fresh Issue
₹500.00 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
₹-5
Est. Listing: ₹300 (-1.6%)
📅 IPO Timeline
✓
Open
Sep 25, 2026
✓
Close
Sep 29, 2026
✓
Allotment
Sep 30, 2026
✓
Refund
Oct 1, 2026
5
Demat
Oct 1, 2026
6
Listing
Oct 5, 2026
✨ AI Analysis & Prediction
-1.6%
predicted listing gain
Runwal Enterprises Mainboard IPO presents a moderate setup with muted overall subscription demand (2.64x total), a negative grey market premium (-1.64%), and high leverage with a debt-to-equity ratio of 3.29, despite strong top-line and bottom-line growth in FY26.
💪 Strengths
- Strong brand presence in Mumbai real estate market
- Robust bounce back in FY26 revenues and net profits
- 100% fresh issue ensuring capital infusion directly into business growth and debt reduction
⚠️ Weaknesses
- High debt-to-equity ratio of 3.29
- Volatile historical financial performance between FY24 and FY25
- Subdued retail and overall subscription demand
🚀 Opportunities
- Expansion into large township projects and upcoming developments
- Strong secular demand for housing across mid-income and luxury segments in MMR
🛡️ Threats
- Cyclical nature of the real estate sector
- Intense competition from established listed Tier-1 developers
- Interest rate fluctuations and regulatory hurdles in real estate development
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹200.00 |
| Investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and our Subsidiary namely 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. | ₹450.00 |
| Funding acquisitions of future real estate projects and general corporate purposes. | TBD |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 2,436.68 Cr | Rs 1,050.71 Cr | Rs 1,850.79 Cr |
| Net Profit / PAT (₹ Cr) | Rs 93.70 Cr | Rs 55.65 Cr | Rs 185.76 Cr |
| Total Assets (₹ Cr) | Rs 7,079.74 Cr | Rs 8,328.14 Cr | Rs 10,254.50 Cr |
| ROE % | 27.24% | NA | NA |
| Debt / Equity | 3.29 | NA | NA |
📋 Live Subscription Status
QIB
4.10x
NII
3.28x
Retail
1.19x
Total
2.64x
Updated: Oct 2, 2026 6:36 PM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company demonstrated significant volatility in financials with revenues shifting from ₹2,436.68 Cr in FY24 to ₹1,050.71 Cr in FY25, and recovering to ₹1,850.79 Cr in FY26, alongside PAT figures of ₹93.70 Cr, ₹55.65 Cr, and ₹185.76 Cr respectively. It carries a heavy debt burden with a debt-to-equity ratio of 3.29.
The ₹500 Cr mainboard IPO is entirely a fresh issue with a price band of ₹290 to ₹305 per share. Subscription demand was relatively subdued at 2.64x total, driven by 4.1x in QIB, 3.28x in NII, and 1.19x in retail. Current GMP stands at negative ₹5, signaling a potential flat to minor discount listing.