Runwal Enterprises IPO 2026: Details, Price Band, GMP, Financials & IPO Analysis

Runwal Enterprises IPO is a proposed mainboard IPO of ₹500 crore in the real estate development sector. The issue will be entirely a fresh issue of equity shares and is scheduled to open for subscription on September 25, 2026, and close on September 29, 2026. The shares are proposed to list on BSE and NSE on October 5, 2026.

The IPO price band has been fixed at ₹290 to ₹305 per share, with a lot size of 49 shares. At the upper price band, retail investors need a minimum investment of ₹14,945.

The company plans to use a major portion of the IPO proceeds toward repayment or prepayment of borrowings of the company and certain subsidiaries, while the remaining proceeds will support future project acquisitions and general corporate purposes.

Runwal Enterprises IPO Details

Runwal Enterprises IPO Timeline

All dates are tentative and subject to change.

Runwal Enterprises IPO GMP

As of September 22, 2026, the reported Runwal Enterprises IPO GMP is ₹0. At the upper price band of ₹305, this indicates an estimated listing price of approximately ₹305, based only on the reported grey-market premium.

GMP is unofficial and can change rapidly. It should not be considered a reliable indicator of the actual listing price.

Runwal Enterprises IPO Subscription Status

The Runwal Enterprises IPO is scheduled to open on September 25, 2026. Therefore, live subscription figures are not available yet.

Subscription figures will become available once bidding begins.

Day-wise Subscription Trend

Since the IPO has not opened yet, day-wise subscription data is currently unavailable.

Current Subscription

Runwal Enterprises IPO subscription has not started yet. Live bidding data will be available after the issue opens on September 25, 2026.

Runwal Enterprises IPO Lot Size

The minimum bid is 49 shares, and investors can bid in multiples of 49 shares.
 

Runwal Enterprises IPO Reservation

About Runwal Enterprises

Runwal Enterprises Limited, incorporated in 2016, is an integrated real estate development company with operations across residential, commercial, retail and institutional real estate.

The company develops residential projects across affordable, mid-market and premium housing segments. Its business also includes commercial developments, shopping malls and educational infrastructure projects.

As of September 30, 2024, the company's portfolio included 15 completed projects, 25 projects under development and 32 planned projects. Its residential portfolio represented an aggregate Developable Area and Estimated Developable Area of approximately 48.71 million square feet.

Between January 2019 and September 2024, Runwal established a presence across important micro-markets of the Mumbai Metropolitan Region.

In Mumbai's Eastern Suburbs, the company launched nearly 4,688 residential units and recorded sales of approximately 4,198 units. In the Kalyan-Dombivli market, it launched around 16,043 units and sold approximately 11,481 units during the same period.

Key Business Associations

Runwal Enterprises has associations across banking, construction, architecture and engineering, including:

• Banking & Finance: IndusInd Bank, Kotak Mahindra Bank, ICICI Bank and Piramal Capital & Housing Finance
• Construction: New Consolidated Construction Company
• Architectural Consultants: Architect Hafeez Contractor and HBA International
• Engineering Consultant: Mahimtura Consultants

As of September 30, 2024, the company and its subsidiaries had 791 permanent employees.

Runwal Enterprises IPO Objectives

The company plans to use the IPO proceeds primarily for debt reduction and future real estate opportunities.

The identified proceeds include ₹200 crore for repayment or prepayment of the company's borrowings and ₹450 crore for investments in Susneh Infrapark Private Limited, Runwal Residency Private Limited and Evie Real Estate Private Limited to facilitate repayment or prepayment of their borrowings.
The remaining proceeds are proposed for future real estate project acquisitions and general corporate purposes.

Runwal Enterprises Financial Performance

The company's financial performance has improved compared with earlier years, although its income and profitability have varied significantly across periods.

The company moved from losses in FY22 and FY23 to a profit of ₹107.28 crore in FY24. For the six months ended September 30, 2024, it reported a PAT of ₹25.53 crore.
Borrowings remained substantial at ₹1,497.83 crore as of September 30, 2024, making debt reduction one of the key purposes of the IPO.

Runwal Enterprises Key Financial Ratios

The reported RoNW of 26.69% indicates that the company generated a positive return on its net worth during FY24. However, the relatively low PAT margin highlights the importance of revenue recognition, project execution and cost management in the real estate business.

Runwal Enterprises IPO Valuation

The reported post-IPO P/E of 95.61x is substantially higher than the pre-IPO multiple of 40.78x based on the supplied figures. Investors may therefore need to consider the valuation alongside the company's project pipeline, asset base, profitability and future earnings potential.

The supplied data shows promoter holding falling from 87.16% to 0% post IPO. This figure should be read alongside the offer structure and final offer documents when available.

Promoter Holding

The promoter listed in the supplied IPO data is:

• Subodh Subhash Runwal

The reported promoter holding is:

• Pre IPO: 87.16%
• Post IPO: 0.00%

Peer Comparison

No detailed peer comparison figures were provided in the supplied IPO data. Therefore, a peer table has not been added to avoid introducing unsupported figures.

For investors assessing the issue, relevant comparison areas could include residential project developers operating in the Mumbai Metropolitan Region, valuation multiples, return ratios, debt levels, project pipeline and cash-flow generation.

Competitive Strengths

Established MMR Presence

Runwal Enterprises has developed projects across important Mumbai Metropolitan Region micro-markets, including the Eastern Suburbs and Kalyan-Dombivli.

Diversified Real Estate Portfolio

The company operates across residential, commercial, retail and institutional real estate, reducing dependence on a single project format.

Large Development Pipeline

As of September 30, 2024, the company reported 25 projects under development and 32 planned projects.

Strong Unit Sales

The company reported substantial residential launches and sales across its key MMR markets between January 2019 and September 2024.

Established Industry Relationships

Its business associations span financial institutions, construction companies, architectural consultants and engineering specialists.

Risks Investors Should Consider

• Real estate cyclicality: Demand can be influenced by interest rates, economic conditions and consumer sentiment.
• High borrowings: Total borrowings stood at ₹1,497.83 crore as of September 30, 2024.
• Project execution: Delays in construction, approvals or possession can affect cash flows and profitability.
• Regulatory dependence: Real estate development is subject to multiple approvals and regulatory requirements.
• Geographic concentration: A significant part of the company's business is concentrated in the Mumbai Metropolitan Region.
• Valuation: The supplied post-IPO P/E of 95.61x indicates that valuation needs careful consideration against future earnings.
• Cash-flow requirements: Real estate projects generally require substantial capital during development and construction phases.

Should You Invest in Runwal Enterprises IPO?

The Runwal Enterprises IPO can be evaluated through several factors rather than GMP alone.

On the business side, the company has an established presence in the Mumbai Metropolitan Region, a diversified real estate portfolio and a sizeable development pipeline.

Its FY24 financials also show a return to profitability after losses in FY22 and FY23.

At the same time, the company has significant borrowings, and a substantial portion of the IPO proceeds is earmarked for debt repayment or prepayment at the company and subsidiary levels. Real estate development also involves execution, regulatory, funding and market-cycle risks.

The supplied valuation figures show a post-IPO P/E of 95.61x, which makes future earnings growth an important factor when assessing the issue. Investors should also review the final RHP, IPO valuation, project-level cash flows, debt position and subscription data once available.

Runwal Enterprises IPO Allotment Status

The tentative basis of allotment date is September 30, 2026.

After the allotment is finalized, investors can check their status through the registrar's IPO status facility by entering the required application or PAN details.

• Tentative schedule:
• Allotment: September 30, 2026
• Refunds: October 1, 2026
• Demat Credit: October 1, 2026
• Listing: October 5, 2026

Runwal Enterprises IPO Registrar

• MUFG Intime India Pvt. Ltd.
• Address: LBS Marg, Vikhroli (West), Mumbai
• Phone: 022-49186000
• Email: runwalenterprises.ipo@in.mpms.mufg.com
• IPO Website: MUFG Intime India IPO portal

Runwal Enterprises IPO Lead Managers

The book-running lead managers for the IPO are:

• ICICI Securities Ltd.
• Jefferies India Pvt. Ltd.
•  

Runwal Enterprises Company Details

• Company: Runwal Enterprises Ltd.
• Registered Office: Runwal & Omkar Esquare, 4th Floor, Off Eastern Express Highway, Opp. Sion Chunabhatti Signal, Sion (East), Mumbai, Maharashtra – 400022
• Website: runwalenterprises.com 
• Phone: +91 22 6116 2422
• Email: company.secretaries@runwalgroup.in

Runwal Enterprises IPO Summary

Runwal Enterprises IPO is a ₹500 crore fresh issue scheduled to open from September 25 to September 29, 2026, with listing planned for October 5, 2026. The price band is ₹290–₹305 per share and the minimum lot size is 49 shares, requiring ₹14,945 at the upper price band.

The company operates across residential, commercial, retail and institutional real estate, with a significant presence in the Mumbai Metropolitan Region. 

The IPO proceeds are primarily proposed to be used for repayment or prepayment of borrowings of the company and certain subsidiaries, along with funding future real estate project acquisitions and general corporate purposes. 

As of September 22, 2026, the reported GMP is ₹0 and  this indicates an estimated listing price of approximately ₹305, based only on the reported grey-market premium.

Runwal Enterprises IPO FAQs

What is the Runwal Enterprises IPO size?

The total issue size is ₹500 crore, consisting entirely of a fresh issue.

What is the Runwal Enterprises IPO price band?

The price band is ₹290 to ₹305 per share.

What is the Runwal Enterprises IPO lot size?

The minimum lot size is 49 shares. At ₹305 per share, one lot requires ₹14,945.

When will Runwal Enterprises IPO open?

The IPO will open on September 25, 2026.

When will Runwal Enterprises IPO close?

The IPO will close on September 29, 2026.

What is the Runwal Enterprises IPO listing date?

The tentative listing date is October 5, 2026 on BSE and NSE.

What is the Runwal Enterprises IPO GMP today?

As of September 22, 2026, the reported GMP is ₹0.

What is the objective of the Runwal Enterprises IPO?

The major objectives include repayment or prepayment of borrowings of the company and certain subsidiaries, along with future real estate project acquisitions and general corporate purposes.

Who is the registrar of Runwal Enterprises IPO?

MUFG Intime India Pvt. Ltd. is the IPO registrar.

Who are the Runwal Enterprises IPO lead managers?

The listed book-running lead managers are ICICI Securities Ltd. and Jefferies India Pvt. Ltd.

Is Runwal Enterprises IPO subscription open?

No. The IPO is scheduled to open on September 25, 2026, so live subscription data is not available yet.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO details, GMP, financial figures, dates and other information may change based on regulatory filings and market conditions. Investors should review the official offer documents and conduct their own due diligence before making any investment decision.
 

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.