Runwal Developers Ltd. IPO Details
Runwal Developers was incorporated on March 22, 1988. The company is a leading real estate developer with a diversified portfolio of residential, commercial, and organised retail projects in the Mumbai Metropolitan Region and Pune. It ranks among the top 10 developers in MMR by residential units supplied from 2022 to 2025, supported by a strong ongoing and upcoming project pipeline
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹20,000.0 M | DRHP DOC |
Runwal Developers issue details
Runwal Developers IPO issue size is ₹ 20,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Runwal Developers IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Runwal Developers NUMBER OF SHARES ON OFFER
Runwal Developers 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 |
| FY25 | 1,163.2 | 137.4 | -308.6 | -330.1 | 39.8% |
| FY24 | 539.4 | 1,203.6 | 85.3 | 80.9 | 43.3% |
| FY23 | 302.0 | 42.3 | 46.4 | 43.9 | 44.6% |
Runwal Developers INFORMATION ON IPO ISSUE
About Runwal Developers
Runwal Developers was incorporated on March 22, 1988. The company is a leading real estate developer with a diversified portfolio of residential, commercial, and organised retail projects in the Mumbai Metropolitan Region and Pune. It ranks among the top 10 developers in MMR by residential units supplied from 2022 to 2025, supported by a strong ongoing and upcoming project pipeline
Object of the Issue
- Prepayment/repayment of certain outstanding borrowings availed by the company and its subsidiaries, namely (i) Runwal Construction, (ii) Aethon Developers, (iii) R Retail Ventures, (iv) R Mall Developers, and (v) Histyle Retail, in part or in full
- General corporate purposes
Runwal Developers - PROMOTERS
| Name |
|---|
| Sandeep Subhash Runwal |
Runwal Developers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sandeep Subhash Runwal | Managing Director |
| Hassan Anantharamaiah Visweswara | Chairman & Non-Executive Director |
| Sanjay Sharma | Executive Director |
| Ashok G. Darak | Executive Director & Chief Financial Officer |
| Rupal Vora | Independent Director |
| Bhavesh Rasiklal Vora | Independent Director |
Runwal Developers Book Running Lead Manager
ICICI Securities Limited
runwaldevelopers.ipo@icicisecurities.com
BOB Capital Markets Limited
runwaldevelopers.ipo@bobcaps.in
IIFL Capital Services Limited
runwaldevelopers.ipo@iiflcap.com
JM Financial Limited
runwaldevelopers.ipo@jmfl.com
Runwal Developers Registrar to the Offer
MUFG Intime India Private Limited
runwaldevelopers.ipo@in.mpms.mufg.com
Runwal Developers Strengths
Ability to create unique assets
The company develops commercial and organised retail projects that combine business and leisure experiences, including marquee assets like "R City Mall" in Ghatkopar and "R Square" in Andheri. These assets generate stable, recurring rental income—Rs 2,67.36 crore in FY25—providing steady annuity revenue that supports financial resilience and mitigates residential market cyclicality
Project execution capabilities
The company’s integrated real estate development model combines centralised operations, standardised processes, and specialised teams in business development, liaison, construction, and design. This ensures consistent quality, timely execution, regulatory compliance, and a unified brand experience across all projects
Land acquisition expert
The company has consistently acquired high-potential land in key MMR micro-markets, targeting segments from ultra-luxury to mid-income, enhancing market reach. In FY25 - FY23, land acquisitions totalled a potential 8.66 million sq. ft., using a hybrid strategy of outright purchases, redevelopment, and JDAs for capital efficiency and long-term value
Runwal Developers Risks
Capital intensive
The company’s capital-intensive real estate business depends on timely and adequate financing, and any difficulty in securing favourable loans could negatively impact operations, financial condition, and cash flows
Brand & reputation
The company’s success relies heavily on the strength of the Runwal Realty brand and reputation, and any negative publicity or failure to maintain brand trust could materially impact its business, financials, and cash flows
Operational & site hazards risks
The company’s operations and project sites are exposed to hazards such as adverse weather, equipment failure, accidents, fires, or explosions, which could cause injury, fatalities, property damage, or environmental harm. Such incidents may adversely affect the company’s reputation, lead to regulatory fines, investigations, or litigation, and impact business and financial performance
IPO FAQs
The promoter of the company is Sandeep Subhash Runwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.