- Summary
- The Runwal Enterprises IPO is a mainboard IPO, scheduled to open on 25 September 2026 and close on 29 September 2026.
- The tentative listing of the IPO shares is fixed on 5 October 2026 on the BSE and NSE platforms.
- The price band of the share is fixed at ₹290-₹305 per share, with a minimum application of 1 lot (49 shares).
Runwal Enterprises IPO is a mainboard issue of ₹500 crore that will open for subscription on 25 September 2026 and close on 29 September 2026. The IPO is entirely a fresh issue, with the company offering shares in the price band of ₹290 to ₹305 per share. The minimum application size is 49 shares, which requires an investment of ₹14,945 at the upper price band. The shares are proposed to be listed on the BSE and NSE, with the tentative listing date set for 5 October 2026.
Runwal Enterprises IPO Key Details
The table below presents the essential details investors should know before applying for the Runwal Enterprises IPO.
| IPO Open Date | 25 September 2026 |
| Close Date | 29 September 2026 |
| Face value | ₹2 per share |
| Price Band | ₹290-₹305 per share |
| IPO Lot Size | 49 shares |
| Fresh issue | ₹500.00 crores |
| Offer for Sale | _ |
| Type of issue | Mainboard |
| Listing at | BSE and NSE |
| Total Issue Size (₹ Crore) | ₹500 crores |
| Minimum Investment | 1 lot (49 shares) |
Runwal Enterprises IPO Timeline
Below is the complete schedule of events for the Runwal Enterprises IPO.
| Bid Opening | 25 September 2026 |
| Bid Closing | 29 September 2026 |
| Tentative Allotment | 30 September 2026 |
| Initiation of Refunds | 1 October 2026 |
| Credit of Shares to Demat | 1 October 2026 |
| Tentative Listing Date | 5 October 2026 |
| UPI mandate closing date | 29 September 2026 |
Key Performance Indicators of Runwal Enterprises IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | _ | _ | _ |
| ROCE (%) | _ | _ | _ |
| Net Debt Equity (in times) | 3.29 | 4.64 | 3.62 |
| RoNW (%) | 27.24 | 17.20 | 20.26 |
| PAT Margin (%) (Net) | _ | _ | _ |
| EBITDA margin (%) | 19.44 | 17.87 | 8.37 |
| Price to book | 4.97 | _ | _ |
Runwal Enterprises IPO Financial Details
The Financial information of the Runwal Enterprises IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 1,798.95 | 1,007.77 | 2,408.87 |
| Total Asset | 10,254.50 | 8,328.14 | 7,079.74 |
| Profit | 185.76 | 55.65 | 93.70 |
Runwal Enterprises IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Sep 25 (Day 1) | 1.01 | 0.29 | 0.34 | 0.20 | 0.19 | 0.18 | 0.44 |
| Sep 28 (Day 2) | 1.01 | 0.41 | 0.42 | 0.37 | 0.34 | 0.32 | 0.54 |
Runwal Enterprises IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Runwal Enterprises IPO shows a GMP of ₹25 with an estimated listing price of ₹330.
| GMP Date | GMP | Est. Listing Price on upper price-₹305.00 | Est. Profit* | Trend |
|---|---|---|---|---|
| 28-Sep 11:37 Sub: 0.52x | ₹13.5 (4.43%) ▼ | ₹318.5 | ₹661 | Stable |
| 27-Sep 23:37 | ₹14 (4.59%) ─ | ₹319 | ₹686 | Stable |
| 26-Sep 23:37 | ₹14.5 (4.75%) ▼ | ₹319.5 | ₹710 | Stable |
| 25-Sep 23:37 Sub: 0.44x O | ₹16 (5.25%) ▼ | ₹321 | ₹784 | Stable |
| 24-Sep 23:37 | ₹37 (12.13%) ▲ | ₹342 | ₹1,813 | Stable |
| 23-Sep 23:37 | ₹17 (5.57%) ▼ | ₹322 | ₹833 | Stable |
| 22-Sep 23:37 | ₹18 (5.90%) ─ | ₹323 | ₹882 | Initial |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
Runwal Enterprises IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| QIBs | Not more than 50% of the Net issue |
| NIIs | Not less than 15% of the Net issue |
| Retails | Not less than 35% of the Net issue |
| Total | 100% |
Runwal Enterprises IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Retail(Min) | 1 | 49 | 14,945 |
| Retail (Max) | 13 | 637 | 1,94,285 |
| sHNI (Min) | 14 | 686 | 2,09,230 |
| sHNI (Max) | 66 | 3,234 | 9,86,370 |
| bHNI (Min) | 67 | 3,283 | 10,01,315 |
Runwal Enterprises IPO Prospectus
Investors can access the offered prospectus for the Runwal Enterprises IPO mentioned below.
About Runwal Enterprises Ltd.
Runwal Enterprises Limited is a real estate developer focused mainly on Mumbai and surrounding markets. Its business covers the development, marketing and sale of residential and commercial projects, including apartments, townships, retail spaces, offices, schools and other community infrastructure. The company uses both greenfield development and asset-light models such as Joint Development Agreements.
As of 31 March 2026, the company had 19 completed, 28 ongoing and 33 upcoming projects. Its total developable and estimated developable area stood at 88.37 million sq. ft., including 74.58 million sq. ft. of residential development. The company has also expanded from its established presence in Mumbai’s eastern suburbs into locations such as Bandra, Mahalaxmi, Girgaum and Alibaug.
Promoters:
- Subodh Subhash Runwal
| Book Runner | ICICI Securities Ltd. Jefferies India Pvt. Ltd. |
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
Purpose of Runwal Enterprises IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Est. Amount in ₹ Crores |
| For prepayment or repayment of outstanding borrowings | 100.00 |
| For repayment or prepayment of outstanding borrowings for subsidiaries, Runwal Residency Pvt. Ltd. and Evie Real Estate Pvt. Ltd. | 225.00 |
| Funding acquisition of future real estate projects and general corporate purposes | – |
| Total | – |
Runwal Enterprises Ltd.- Strengths and benefits
- Well-established in Mumbai: The company has an established position in Mumbai’s residential real estate market and has developed projects across several key submarkets. It ranked third in Mumbai for residential launches and sales between January 2023 and March 2026.
- Large project pipeline: Runwal Enterprises had 19 completed, 28 ongoing and 33 upcoming projects as of 31 March 2026, covering 88.37 million sq. ft. of developable and estimated developable area. This gives the company a sizeable pipeline across different stages of development.
- In-house capabilities: The company has in-house teams covering areas such as business development, design and architecture, construction management, procurement, sales and marketing and customer services. It also works with external design and construction partners.
Runwal Enterprises Ltd- Risks and limitations
- Execution risk: The company had 28 ongoing and 33 upcoming projects as of 31 March 2026, together accounting for 86.33% of its total developable area. Delays, cost overruns, approval issues, labour shortages or supply disruptions could affect project completion and profitability.
- Dependence on approvals: Real estate development depends on land titles, development rights and several regulatory and project approvals. Delays or problems relating to these matters could affect the company’s projects and cash flows.
- Concentration in Mumbai: As of 31 March 2026, 66.65% of the company’s real estate development area was located in Mumbai. Any adverse changes in the Mumbai real estate market, local regulations, economic conditions or other factors could affect its business and financial performance.
Runwal Enterprises IPO Review
Runwal Enterprises IPO is a mainboard IPO, issuing only fresh public shares, which is to open on September 25, 2026 and close on September 29, 2026. The price band of the IPO has been set at ₹290 to ₹305 per share. A minimum investment of 1 lot or 49 shares is required for retail investors. The shares are to list its shares on both the BSE and NSE platforms. The IPO allotment is fixed on September 30, 2026, followed by refund initiation and credit of shares to demat accounts on October 1, 2026. The shares are scheduled for tentative listing on October 5, 2026.
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Runwal Enterprises IPO FAQs
The Runwal Enterprises IPO is a ₹500 crore mainboard IPO comprising an entirely fresh issue of equity shares. The price band is ₹290 to ₹305 per share, and the issue will be open from 25 September to 29 September 2026.
Investors can apply for the IPO through the ASBA facility provided by their bank or through supported UPI-enabled IPO application platforms. Investors need to select the Runwal Enterprises IPO, enter the required bid details and authorise the UPI mandate or complete the ASBA process.
The company has a sizeable project pipeline and an established presence in Mumbai, while its concentration in Mumbai, project execution requirements, unsold inventory, borrowings and cash-flow position are among the factors disclosed in the RHP that investors should evaluate before applying.
The Runwal Enterprises IPO will open for subscription on 25 September 2026 and close on 29 September 2026.
The minimum lot size is 49 shares. At the upper price band of ₹305 per share, one lot requires an investment of ₹14,945.
The tentative allotment date for the Runwal Enterprises IPO is 30 September 2026. Shares are expected to be credited to successful applicants’ demat accounts on 1 October 2026.
The shares of Runwal Enterprises are proposed for listing on the BSE and NSE. The tentative listing date is 5 October 2026.
