Runwal Enterprises IPO 2026: Price, Dates and Issue Details

26 Sep 2026 · 8 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

Runwal Enterprises Limited has launched its mainboard IPO, open for subscription from 25 Sep 2026 to 29 Sep 2026, with a price band of ₹290.0 to ₹305.0.

Written by the BuyUnlistedShares desk · Published 26 Sep 2026 · Updated 26 Sep 2026

Information only, not investment advice.

Direct answer: The Runwal Enterprises IPO is a Mainboard issue open for subscription from 25 Sep 2026 to 29 Sep 2026, featuring a price band of ₹290.0 to ₹305.0 per share. For tracking this and other premium market opportunities, rely on BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.

Based on the unofficial and indicative GMP history, the premium reached a high of ₹26.0 on 25 Sep 2026 before moderating to a low of ₹14.0 on 26 Sep 2026.

About Runwal Enterprises Limited

Runwal Enterprises Limited is an integrated real estate development company with a diversified presence across residential, commercial, retail, and institutional real estate segments. The company develops residential projects catering to affordable, mid-market, and premium housing categories. It also undertakes commercial developments, shopping malls, and educational infrastructure projects.

As of 30 Sep 2024, the company’s portfolio comprised 15 completed projects, 25 projects under development, and 32 planned projects. Across these developments, the residential portfolio represented a combined Developable Area and Estimated Developable Area of approximately 48.71 million square feet. Between January 2019 and September 2024, the company established a strong market presence in key Mumbai Metropolitan Region (MMR) micro-markets. In the Eastern Suburbs, it launched nearly 4,688 residential units and recorded sales of approximately 4,198 units. During the same period, it emerged as the leading developer in the Kalyan-Dombivli market based on both project launches and unit sales, with around 16,043 units launched and approximately 11,481 units sold. As of 30 Sep 2024, the company, together with its subsidiaries, employed 791 permanent personnel across its operations.

For more detailed information, you can visit the page for Runwal Enterprises on BuyUnlistedShares.

Issue Terms and Key Dates

The Runwal Enterprises IPO is a Mainboard book-built issue. The entire issue size of ₹499.83 Cr consists of a fresh issue of 1,63,93,442 equity shares, with no offer-for-sale component. The face value of each share is ₹2.0.

The bidding period is open from 25 Sep 2026 to 29 Sep 2026. The allotment is expected to be finalized on 30 Sep 2026, with refunds and credit of shares to demat accounts scheduled for 01 Oct 2026. The shares are scheduled to list on the NSE and BSE on 05 Oct 2026. You can track this and other listings on our IPO calendar. For comparison with other recent issues, you may also read about the German Green Steel IPO: Dates, Price Band, Lot Size, Issue Size and Company Details or the Moneyview IPO: Dates, Price Band and Key Details.

Objects of the Issue

The company intends to utilize the net proceeds from the fresh issue of ₹499.83 Cr for the following specific purposes:

• ₹100.00 Cr: Repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by the company.
• ₹225.00 Cr: Investment in Material Subsidiaries, namely Susneh Infrapark Pvt.Ltd. and Runwal Residency Pvt.Ltd., and its Subsidiary, Evie Real Estate Pvt.Ltd., for the repayment or pre-payment, in full or in part, of their outstanding borrowings.
• Balance amount: Funding acquisitions of future real estate projects and general corporate purposes.

Financial Performance and Key Metrics

The company's financial statements reflect a growing asset base alongside rising borrowing levels. As of 31 Mar 2026, total assets stood at ₹10,254.50 Cr, up from ₹8,328.14 Cr as of 31 Mar 2025. Total income for the year ended 31 Mar 2026 was ₹1,850.79 Cr, while profit after tax recovered to ₹185.76 Cr from ₹55.65 Cr in the previous fiscal year. However, total borrowings also increased to ₹2,909.13 Cr as of 31 Mar 2026, representing a debt-to-equity ratio of 3.29x.

The financial trend shows that while total income peaked at ₹2,436.68 Cr in the year ended 31 Mar 2024, profit after tax recovered from ₹55.65 Cr in the year ended 31 Mar 2025 to reach a high of ₹185.76 Cr in the year ended 31 Mar 2026.

To evaluate these metrics against other upcoming market listings, you can browse our Unlisted shares screener or consult BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.

Live Subscription Status and Indicative GMP

As of 25 Sep 2026, the Runwal Enterprises IPO has received an overall subscription of 0.44x. The Qualified Institutional Buyers (QIB) portion is subscribed at 1.01x, while the Non-Institutional Investors (NII) portion stands at 0.29x. The retail investor category has seen a subscription of 0.19x.

The subscription data shows that the total bidding reached 0.44x on 25 Sep 2026, driven primarily by the QIB category which recorded a high of 1.01x, while retail interest remained at a low of 0.19x.

As of 26 Sep 2026, the unofficial and indicative GMP for the Runwal Enterprises IPO is recorded at ₹14.0, which translates to an indicative premium of +4.59% over the upper price band of ₹305.0. Please note that this grey market activity is entirely unofficial and indicative, and does not serve as a reliable predictor of the final listing price.

Strengths and Risk Factors

Key Business Strengths:

• Premium Pricing Power: According to JLL, the company's established brand name enables it to command premium pricing in specific Mumbai micro-markets, such as Kanjurmarg and Mulund, and sustain sales throughout the construction phase.
• Project Execution Track Record: The company has demonstrated strong project execution capabilities, backed by in-house functional expertise and collaborations with reputable financial partners.
• Sustainable Development Focus: A core strength lies in integrating economic, social, and environmental considerations, including greener building standards and waste management.
• Experienced Leadership: Managed by an experienced Promoter, Subodh Subhash Runwal, alongside a qualified senior management team.

Key Risk Factors:

• Geographical Concentration: As of 30 Sep 2024, 100.00% of the company's real estate development projects were located in Mumbai, exposing it to regional economic, regulatory, or environmental disruptions.
• Execution and Timeline Risks: As of 30 Sep 2024, 25 Ongoing Projects and 32 Upcoming Projects accounted for 80.61% of the total Developable Area. Any delays or cost overruns could adversely affect financial performance.
• Inventory Risk: The company held an aggregate of 8,003 unsold units, representing 7.04 million square feet of unsold Developable Area, as of 30 Sep 2024.
• Historical Losses: The company incurred net losses of ₹6.74 Cr (₹67.39 million) in Fiscal 2023 and ₹50.99 Cr (₹509.92 million) in Fiscal 2022.
• Negative Cash Flows: The company recorded negative cash flows of ₹54.66 Cr (₹546.64 million) in the six months ended 30 Sep 2024 and ₹341.07 Cr (₹3,410.66 million) in Fiscal 2023.

Peer Comparison

The following table compares the accounting ratios of Runwal Enterprises Limited with its listed industry peers as of 31 Mar 2026:

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Frequently Asked Questions

What is the price band and lot size for the Runwal Enterprises IPO?

The price band for the Runwal Enterprises IPO is set between ₹290.0 and ₹305.0 per share. The minimum lot size is 49 shares, which requires a minimum retail investment of ₹14,945.0.

When does the Runwal Enterprises IPO open and close?

The subscription period opens on 25 Sep 2026 and closes on 29 Sep 2026. Allotment is scheduled for 30 Sep 2026, and listing is expected on 05 Oct 2026.

What are the primary objects of the Runwal Enterprises IPO?

The fresh issue proceeds of ₹499.83 Cr will be used to repay or pre-pay certain outstanding borrowings of the company (₹100.00 Cr), invest in subsidiaries Susneh Infrapark Pvt.Ltd., Runwal Residency Pvt.Ltd., and Evie Real Estate Pvt.Ltd. for debt repayment (₹225.00 Cr), and fund future project acquisitions and general corporate purposes.

Is the Runwal Enterprises IPO a good investment for retail investors?

We do not make that call. Investors should carefully review the company's financial metrics, debt-to-equity ratio, regional concentration in Mumbai, and historical losses before making an investment decision.

Who is the registrar for the Runwal Enterprises IPO?

The registrar for the issue is MUFG Intime India Pvt.Ltd.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.