- POSITIVE
Annual Revenue Runwal Enterprises Mar-2024 Annual Revenue is Rs 5 Cr which is growth of 419.8% YoY.
- POSITIVE
Annual Net Profit Runwal Enterprises Mar-2024 Annual Net Profit is Rs -10 Cr which is growth of 68.6% YoY.

Runwal Enterprises Ltd. IPO Details
Runwal Enterprises was incorporated on February 17, 2016. The company is a recognized real estate developer in Mumbai, engaged in residential, commercial, retail, and educational projects across all segments. (Source: JLL Report)
| Bidding Dates |
|---|
| 25 Sep 2026 - 29 Sep 2026 |
| Subscription |
|---|
| 2.5x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,210 | 1 | 13 | 49 | 16.4 M | ₹290 - ₹305 | 84.61 % | ₹4,754.1 M - ₹5,000.0 M | RHP DOC |
Runwal Enterprises IPO SUBSCRIPTION STATUS
29 Sep '26Runwal Enterprises IPO overall subscription rate was 2.5 times the total available shares
Runwal Enterprises IPO retail subscription rate was 1.12 times in the retail segment
Runwal Enterprises IPO non-institutional investor subscription rate was 3.94 times in the non-institutional investor category
Runwal Enterprises IPO Qualified Institutional Bidder subscription rate was 3.89 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
29 Sep 2026 (Day 3) | 1.12x | 3.94x | 3.89x | 1.13x |
28 Sep 2026 (Day 2) | 0.42x | 0.94x | 1.05x | 0.4x |
25 Sep 2026 (Day 1) | 0.18x | 0.28x | 0.96x | 0.17x |
Runwal Enterprises FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 1,798.9 | 185.8 | -180.7 | -411.5 | 19.4% |
| FY25 | 1,007.8 | 55.6 | -198.1 | -272.1 | 17.9% |
| FY24 | 2,408.9 | 93.7 | -549.5 | -677.0 | 8.4% |
Runwal Enterprises IPO SUBSCRIPTION STATUS DETAILS
Runwal Enterprises has 16.4 M shares on offer
Runwal Enterprises IPO offer price is in the range ₹290 - ₹305
Runwal Enterprises IPO minimum Investment is ₹14210
Runwal Enterprises IPO issue size is ₹ 4,754.1 M - ₹ 5,000.0 M
Runwal Enterprises has a minimum lot size of 49 Shares per application
Runwal Enterprises NUMBER OF SHARES ON OFFER
Runwal Enterprises IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2026 |
| Issue close Date | 29 Sep 2026 |
| Allotment Date | 30 Sep 2026 |
| Refund Date | 01 Oct 2026 |
| Demat Account Credit Date | 01 Oct 2026 |
| Listing Date | 05 Oct 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Runwal Enterprises Allotment Status | Exchange/ Registrar |
Runwal Enterprises IPO subscription opens on 25 Sep 2026, and closes on 29 Sep 2026
IPO allotment for Runwal Enterprises is expected to be finalized on Wednesday, 30 Sep 2026
IPO listing for Runwal Enterprises will be on NSE and BSE on Monday, 05 Oct 2026
Runwal Enterprises IPO LISTING GAINS
| Issue Price (adjusted) | 305.0 |
| Listing Open Price | 305.0 |
| Listing Close Price | - |
| Listing Gain% | 0.0% |
| Current Gain% | -5.4% |
Runwal Enterprises Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Runwal Enterprises Ltd. | 285.8 | 4224.4 | 20.2 | 0.1 | 2.3 | 25.1 | 2 | 1850.8 | 76.1 | 209.3 | 167 | 14.2 | 167 |
| DLF Ltd. | 670.7 | 166019.2 | 37.3 | -43.2 | 24.6 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1130.6 | 112990.6 | 27.4 | 0.7 | 6.2 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Phoenix Mills Ltd. | 1935.3 | 69221.4 | 54.1 | 1.9 | 15.2 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1759.5 | 63975.8 | 24.3 | 0.9 | 10.1 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
| Prestige Estates Projects Ltd. | 1450 | 62455.9 | 54.8 | 0.5 | 4.8 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
Runwal Enterprises annual results: revenue, profit, P&L, and margins as of Mar 2024 – 11 year history
| Indicator | Graph | Mar '24 | Mar '23 |
|---|---|---|---|
| 4.7 | 0.9 | ||
Operating Exp. Ann. | 14.2 | 15.4 | |
Operating Profit Ann. | -14.2 | -15.4 | |
OPM Ann. % | -304.59% | -1,725.09% | |
| 17.7 | 16.3 | ||
EBITDA Ann. | -9.5 | -14.5 | |
EBITDA Ann. margin % | -204.59% | -1,625.09% | |
Interest Ann. | 2.5 | 0.4 | |
Depr. | 1 | 0.5 | |
PBT Ann. | -13.1 | -15.4 | |
Tax Ann. | -3.3 | 16 | |
| -9.8 | -31.3 | ||
Net Profit Ann. | -9.8 | -31.3 | |
NPM Ann. % | |||
EPS Adj. latest Ann. | -0.7 | -2.1 |
Runwal Enterprises IPO Reports
Runwal Enterprises INFORMATION ON IPO ISSUE
About Runwal Enterprises
Runwal Enterprises was incorporated on February 17, 2016. The company is a recognized real estate developer in Mumbai, engaged in residential, commercial, retail, and educational projects across all segments. (Source: JLL Report)
Object of the Issue
- Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- Investment in their material subsidiaries, and for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings
- Funding acquisitions of future real estate projects and general corporate purposes
Runwal Enterprises - PROMOTERS
| Name |
|---|
| Subodh Subhash Runwal |
Runwal Enterprises - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Subodh Subhash Runwal | Chairman & Managing Director |
| Lucy Roychoudhury | Non-Executive Director |
| Pradumna Kanodia | Non-Executive Director |
| Mukesh Gupta | Non-Executive Independent Director |
| Sidharath Kapur | Non-Executive Independent Director |
| Aparna Chaturvedi | Non-Executive Independent Director |
Runwal Enterprises Book Running Lead Manager
ICICI Securities Limited
runwal.ipo@icicisecurities.com
Jefferies India Private Limited
runwal.enterprises.ipo@jefferies.com
Runwal Enterprises Registrar to the Offer
MUFG Intime India Private Limited
runwalenterprises.ipo@in.mpms.mufg.com
Runwal Enterprises Strengths
Well-established brand
For over a decade, the company, promoted by Subodh Subhash Runwal, has built on the legacy of the “Runwal Group,” active in real estate since 1978, delivering landmark projects like Runwal Bliss, Runwal Gardens, and Runwal My City. (Source: JLL Report)
Robust pipeline of ongoing & upcoming projects
As of September 30, 2024, the company has Ongoing Projects with a total Developable Area of 17.39 million sq. ft. and Upcoming Projects of 28.92 million sq. ft., offering strong visibility of future cash flows
Integrated township development
The company specializes in developing large integrated township projects that combine residential, educational, commercial, and recreational spaces, meeting the rising demand for holistic living in metro areas
Runwal Enterprises Risks
Land acquiriing risks
The company's growth depends on its ability to identify and acquire land with clear titles. Despite due diligence, challenges in securing title guarantees in India pose significant risks to its projects and operations
Approvals & licenses
Delays or issues in meeting conditions precedent or obtaining/renewing necessary approvals may lead to rescheduling of ongoing or upcoming projects. Additionally, withdrawal of approvals may force the company to halt construction, impacting operations
Capital intensive
The company’s capital-intensive nature requires substantial funding for land and development. Its operations depend heavily on timely and favorable access to real estate financing, which may not always be assured
IPO FAQs
The promoter of the company is Subodh Subhash Runwal.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 290.0 - 305.0.
The IPO application opens on Sep 25, 2026 and closes on Sep 29, 2026.
The minimum lot size for the IPO is 49. The maximum lot size for the IPO is 637.
For all category investors, the minimum application amount for this IPO is Rs. 14,210.0, the maximum value for this IPO is Rs 194,285.0.
This IPO will be allotted on Sep 30, 2026.
The refund will be credited to your account on Oct 01, 2026.
The allotted shares will be credited to your demat on Oct 01, 2026.
Runwal Enterprises Ltd.’s shares will list on the stock exchanges on Oct 05, 2026.
