Runwal Enterprises IPO: dates, price band, lot size and GMP
Runwal Enterprises IPO listed on 5 Oct at ₹305 (NSE, BSE). Issue dates 25 – 29 Sep 2026, price band ₹290 – ₹305, lot 49 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:03 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Runwal Enterprises IPO has a price band of ₹290 – ₹305, a lot of 49 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 25 – 29 Sep 2026 |
| Price band | ₹290 – ₹305 |
| Lot size | 49 shares |
| Issue size | ₹500.00 Cr |
| Fresh issue | ₹500 Cr |
| Subscription | 2.64x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | ICICI Securities Ltd., Jefferies India Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 25 Sep
- Issue closes: 29 Sep
- Allotment: 30 Sep
- Refunds: 1 Oct
- Demat credit: 1 Oct
- Listing: 5 Oct
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 4.1x |
| NII | 4.14x |
| sNII | 3.28x |
| bNII | 4.57x |
| Retail | 1.19x |
| Total | 2.64x |
Last updated 29 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹2 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹4,507.44 Cr |
| P/E (pre-issue) | 21.57x |
| P/E (post-issue) | 24.26x |
| Fresh issue (shares) | 1,63,98,962 |
| Total shares offered | 1,63,98,962 |
| Promoter holding pre-issue | 95.16% |
| Promoter holding post-issue | 84.6% |
| Promoters | Subodh Subhash Runwal |
| Lead managers | ICICI Securities Ltd., Jefferies India Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | runwalenterprises.ipo@in.mpms.mufg.com |
| Company website | runwalenterprises.com |
| Anchor bid date | 24 Sep 2026 |
| Anchor lock-in ends (50%) | 30 Oct 2026 |
| Anchor lock-in ends (remaining) | 29 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 49 | ₹14,945 |
| Retail (maximum) | 14 | 686 | ₹2,09,230 |
| sNII (minimum) | 14 | 686 | ₹2,09,230 |
| bNII (minimum) | 67 | 3,283 | ₹10,01,315 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.8% | 48,83,605 | |
| QIB | 19.9% | 32,55,738 | Not more than 50% of the Net Issue |
| NII (HNI) | 14.9% | 24,41,804 | Not less than 15% of the Issue |
| sNII | 5% | 8,13,935 | |
| bNII | 9.9% | 16,27,869 | |
| Retail | 34.7% | 56,97,541 | Not less than 35% of the Issue |
| Employee | 0.7% | 1,20,274 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 25 Sep | 1.01x | 0.29x | 0.20x | 0.34x | 0.19x | 0.44x |
| Day 2 · 28 Sep | 1.11x | 0.99x | 0.61x | 1.18x | 0.45x | 0.75x |
| Day 3 · 29 Sep | 4.10x | 4.14x | 3.28x | 4.57x | 1.19x | 2.64x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹14.14 |
|---|---|
| EPS (post-issue) | ₹12.57 |
| P/E (pre-issue) | 21.57x |
| P/E (post-issue) | 24.26x |
| RoNW | 27.24% |
| PAT margin | 1.68% |
| EBITDA margin | 19.44% |
| Price / book | 4.97x |
| NAV per share | ₹61.43 |
| Debt / equity | 3.29 |
| Market cap (upper band) | ₹4,507.44 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 10,254.5 | 8,328.14 | 7,079.74 | +23.1% |
| Total Income | 1,850.79 | 1,050.71 | 2,436.68 | +76.1% |
| Profit After Tax | 185.76 | 55.65 | 93.7 | +233.8% |
| EBITDA | 349.81 | 180.11 | 201.73 | +94.2% |
| NET Worth | 768.2 | 455.86 | 372.65 | +68.5% |
| Reserves and Surplus | 819.81 | 460.07 | 426.07 | +78.2% |
| Total Borrowing | 2,909.13 | 2,312.58 | 1,783.65 | +25.8% |
About Runwal Enterprises
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, while also undertaking commercial developments, shopping malls, and educational infrastructure projects.
As of September 30, 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, Runwal Enterprises Limited established a strong market presence in key Mumbai Metropolitan Region (MMR) micro-markets. In the Eastern Suburbs, the company 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.
Key Business Associations:
As of September 30, 2024, the company, together with its subsidiaries, employed 791 permanent personnel across its operations.
Objects of the issue
- Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company — ₹100 Cr
- Investment in the Material Subsidiaries namely Susneh Infrapark Pvt.Ltd. and Runwal Residency Pvt.Ltd. and Subsidiary namely Evie Real Estate Pvt.Ltd., for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. — ₹225 Cr
- Funding acquisitions of future real estate projects and general corporate purposes. — ₹117.12 Cr
- Issue Expenses — ₹57.88 Cr
Net proceeds: ₹500 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Runwal Enterprises Ltd. (issuer) | 16.74 | 16.74 | 61.43 | — | 27.24% | Consolidated |
| Oberoi Realty Ltd. | 68.96 | 68.96 | 492.89 | 25.88x | 13.99% | Consolidated |
| Lodha Developers Ltd. | 34.34 | 34.25 | 233.11 | 33.42x | 14.73% | Consolidated |
| Godrej Properties Ltd. | 61.43 | 61.42 | 635.96 | 27.53x | 9.61% | Consolidated |
| Sunteck Realty Ltd. | 13.94 | 13.94 | 245.92 | 21.09x | 5.6% | Consolidated |
| Keystone Realtors Ltd. | 6.25 | 6.21 | 226.82 | 56.96x | 3.32% | Consolidated |
| Prestige Estates Projects Ltd. | 27.76 | 27.76 | 377.8 | 51.7x | 8.02% | Consolidated |
| Kalpataru Ltd. | 4.76 | 4.76 | 199.91 | 57.66x | 1.94% | Consolidated |
All financial information for Runwal Enterprises Limited is derived from the Restated Consolidated Financial Information for the year ended March 31, 2026. Per share data is post taking into account the share split effected pursuant to Board resolution dated October 25, 2024 and the Shareholders' resolution dated November 4, 2024, whereby each fully paid-up equity share of the Company of face value of ₹ 10 was split into Equity Shares of face value of ₹ 2 each and accordingly 25,010,000 equity shares of face value of ₹ 10 each were sub-divided into 125,050,000 Equity Shares of face value of ₹…
Strengths (per the offer document)
- Ability to sell at premium pricing and throughout the construction phase — According to JLL, our status as a renowned developer enables us to command premium pricing in some of the micro markets in Mumbai, such as Kanjurmarg and Mulund.
- Demonstrated strong project execution capabilities with in-house functional expertise and tie-ups with reputable… — We have a demonstrated track record of successful project execution.
- Strong focus on sustainable development — One of our core strengths lies in our commitment to sustainable development, which integrates economic, social and environmental considerations into our business practices.
- Experienced Promoter, qualified senior management and credible financial partners — We have a professional and experienced management team which has notable experience in the real estate development industry.
Risk factors (as disclosed by the company)
- As of September 30, 2024, we had 25 Ongoing Projects and 32 Upcoming Projects which consists of 80.61% of our total Developable Area
- As of September 30, 2024
- We incurred losses of ₹(67.39) million and ₹(509.92) million in Fiscals 2023 and 2022, respectively — Sr. Description of risk No.
- Most of our Subsidiaries have incurred losses at some point in the six months ended September 30, 2024 and Fiscals 2024, 2023 and 2022
- We had negative cash flows of ₹(546.64) million in the six months ended September 30
- Any uncertainty in land acquisition and title could adversely affect our business and growth prospects
- Any difficulties in fulfilling certain conditions precedent in respect of our projects
- Our business is highly capital-intensive, necessitating significant expenditure for land acquisition and development
From the RHP (strengths pages 191–198, risk factors pages 21–22). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Runwal Enterprises IPO GMP today and trend
- Runwal Enterprises IPO subscription status, day by day
- Runwal Enterprises IPO allotment status and how to check
Frequently asked questions
When does the Runwal Enterprises IPO open and close?
The issue is scheduled for 25 – 29 Sep 2026.
What is the Runwal Enterprises IPO price band?
The price band is ₹290 – ₹305 per share with a lot size of 49 shares.
How big is the Runwal Enterprises IPO?
The total issue size is ₹500.00 Cr.
When will Runwal Enterprises list?
The tentative listing date is 5 Oct on the main board.
How do I apply for the Runwal Enterprises IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Runwal Enterprises · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Runwal Enterprises · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 30 Sep · in.mpms.mufg.com
- NSE public issues page · listing 5 Oct · nseindia.com
- BSE public issues page · listing 5 Oct · bseindia.com
- Runwal Enterprises company website · runwalenterprises.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 5 Oct, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Runwal Enterprises IPO”, https://buyunlistedshares.com/ipo/runwal-enterprises-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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