Runwal Enterprises IPO

Incorporated in February 2016, Runwal Enterprises has established a significant presence in Mumbai's real estate market. Between January 2023 and March 2026, the company ranked third in Mumbai in terms of new launches and sales, with approximate market shares of 2.33% and 2.46%, respectively. In Mumbai's eastern suburbs, it ranked first in sales with an approximate 7.88% market share. In Kalyan-Dombivli, it ranked first in new launches and second in sales, with approximate market shares of 11.41% and 6.33%. As of March 31, 2026, the company had 19 completed projects, 28 ongoing projects and 33 upcoming projects. It had 1,181 permanent employees including its subsidiaries. The company has in-house capabilities covering design and architecture, construction management, sales and marketing, contracts and procurement, customer care and post-sales services.

IPO_DETAILS_LONG: Runwal Enterprises is launching a ₹499.83 Cr book-built IPO consisting entirely of a fresh issue of 1,63,93,442 equity shares with a face value of ₹2 per share. The price band is ₹290 to ₹305 per share and the minimum application is 49 shares. The IPO opens on September 25, 2026 and closes on September 29, 2026, with allotment scheduled for September 30 and listing on BSE and NSE scheduled for October 5, 2026. The company intends to use ₹100 Cr of the net proceeds for repayment or pre-payment of its borrowings, ₹225 Cr for repayment or pre-payment of borrowings at certain subsidiaries, and the balance for acquisitions of future real estate projects and general corporate purposes. FY26 Total Income was ₹1,850.79 Cr compared with ₹1,050.71 Cr in FY25, while PAT increased to ₹185.76 Cr from ₹55.65 Cr. FY26 EBITDA was ₹349.81 Cr, EBITDA margin was 19.44%, RoNW was 27.24% and debt-to-equity was 3.29x. The IPO values the company at approximately ₹4,507.44 Cr at the upper price band.