Runwal Enterprises IPO Review
Runwal Enterprises Ltd, a company dedicated to redefining urban living through purposeful, end-to-end real estate development, plans to raise ₹500 Cr through an IPO.
[Fresh Issue ₹500 Cr + OFS NIL]
Runwal enterprises ipo price: ₹290–₹305 per share
Runwal Enterprises: History
The Company was originally incorporated as Propel Developers Private Limited, under the Companies Act, 2013, on February 17, 2016.
It was then converted into a public limited company on September 3, 2024, under a special resolution passed by the shareholders.
The Company changed its name to Runwal Enterprises Limited, and the RoC issued a fresh certificate of incorporation on October 4, 2024.
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Runwal Enterprises: Business
Runwal Enterprises is a real estate developer present across the full spectrum of real estate development in Mumbai, India.
The company specializes in residential projects that cater to affordable, mid-income, and luxury segments, as well as,
- Commercial spaces,
- Retail malls, and
- Educational buildings.
In the eastern suburbs submarket of Mumbai (Bhandup, Ghatkopar, Kanjurmarg, Mulund, Vikhroli, and Powai), the company ranked first (in sales and new launches), achieving market shares of 9.84% and 11.40%, respectively, between January 2019 and September 2024.
The Company’s experience includes greenfield projects requiring land acquisition, as well as flexible and asset-light models, such as joint development agreements.
Project Portfolio
As of March 31, 2026, the company’s portfolio included 19 completed projects, 28 ongoing developments, and 33 upcoming projects.
Network
The Company has in-house expertise across design and architecture, construction management, sales and marketing, customer care and post-sales services, supported by tie-ups with reputed design and architecture firms.
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Strategies Ahead
Continued focus on Mumbai.
Pursue asset-light growth opportunities through redevelopment, joint ventures, and joint development projects.
Focus on all segments of residential projects while selectively developing retail, commercial, and other projects.
Expand the use of IT driven processes.
Company Promoters
- Subodh Subhash Runwal
Refer to Runwal Enterprises DRHP for more details.
IPO Detail
ipo date: 25 – 29 Sept 2026
Minimum Amount: ₹14,945
Minimum Bid: 49 Shares
Face Value: INR 2 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
ICICI Securities
Jefferies India
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘SUBSCRIBE’ rating (keeping a long-term view in mind) for the Runwal Enterprises IPO.
Do come back to learn more about “upcoming IPOs”.
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Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or FinBlab do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
