Runwal Enterprises IPO
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Runwal Enterprises IPO details
Schedule of Runwal Enterprises
| Issue open date | 25 Sep 2026 |
| Issue close date | 29 Sep 2026 |
| UPI mandate deadline | 29 Sep 2026 (5 PM) |
| Allotment finalization | 30 Sep 2026 |
| Refund initiation | 01 Oct 2026 |
| Share credit | 01 Oct 2026 |
| Listing date | 05 Oct 2026 |
| Mandate end date | 14 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Runwal Enterprises
Runwal Enterprises is a real estate development company primarily focused on the Mumbai market. The company specializes in the development of residential projects, which constitute the majority of its business, alongside selectively developing retail and commercial spaces within mixed-use developments. Its residential portfolio is strategically classified into three distinct segments: affordable, mid-income, and luxury. The affordable segment is concentrated in the Dombivli micro-market, while the mid-income offerings are located in Mulund, Kanjurmarg, Bandra, Chembur, and Alibaug. The luxury segment caters specifically to the South Mumbai sub-market. Runwal Enterprises generates revenue by acquiring land, securing development rights or entering into joint development agreements, and subsequently executing the design, construction, and sale of the developed units. The company relies heavily on pre-sales and a network of channel partners to market its real estate properties to prospective homebuyers and investors.
Financials of Runwal Enterprises
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 499.83 |
| Fresh Issue – Proceeds go to the company | 499.83 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/pre-payment of outstanding borrowings | 100 (20.01%) |
| Investment in subsidiaries for repayment of borrowings | 225 (45.02%) |
| General corporate purposes | 174.83 (34.97%) |
Strengths
- Diverse portfolio across affordable, mid-income, and luxury segments.
- Strong development pipeline of 28 ongoing and 33 upcoming projects.
- Proven track record in developing mixed-use commercial and retail spaces.
- Robust channel partner network driving significant sales growth.
- Debt reduction via fresh issue proceeds to boost financial health.
Risks
- High concentration risk with 66.65% of projects located in Mumbai.
- Execution risks, timeline delays, and potential construction cost overruns.
- High unsold inventory of 7,072 units impacting cash flows.
- Land title defects, pending approvals, and regulatory compliance risks.
- Complete reliance on third-party contractors for project construction.