Runwal Enterprises IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the Runwal Enterprises Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

Runwal Enterprises IPO at a glance

Runwal Enterprises Limited is bringing a Book Built Mainboard IPO worth ₹500 crore. The issue is entirely a fresh issue of shares, with no Offer for Sale (OFS), so the company receives the proceeds. The IPO is open from 25 September to 29 September 2026 and is proposed to list on the BSE and the NSE.

Runwal Enterprises IPO Details

Runwal Enterprises IPO Timelines

Dates are tentative and may change.

Runwal Enterprises IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About Runwal Enterprises Limited

Originally incorporated as Propel Developers Private Limited in February 2016 (later renamed Runwal Apartments, then Runwal Enterprises Private Limited, and Runwal Enterprises Limited in 2024), Runwal Enterprises Limited is a Mumbai-based residential real estate developer and part of the Runwal Group. It develops residential projects across the affordable, mid-income, and luxury segments, and is also known for large integrated townships that include schools, malls, and retail.

It has historically focused on affordable and mid-income housing (notable examples being Runwal Gardens in Dombivli and Runwal Greens in Mulund West), and has recently expanded into the luxury segment (7 Mahalaxmi and Girgaum) and geographically within the Mumbai Metropolitan Region. As of 31 March 2026, its residential portfolio had an aggregate developable area (including upcoming projects) of about 74.58 million square feet across completed, ongoing, and upcoming projects, with 28 ongoing projects and 33 upcoming projects.

The company's promoter is Subodh Subhash Runwal.

What are the Key Strengths of Runwal Enterprises (as stated in the RHP)

• A prominent residential real estate developer in Mumbai.
• A well-established brand.
• Robust pipeline of ongoing and upcoming projects, providing strong visibility of cash flows.
• Ability to sell at premium pricing and throughout the construction phase.
• A unique core competency in developing large townships that include schools, malls, retail shops, and other amenities.
• Demonstrated strong project execution capabilities, with in-house expertise and tie-ups with reputable design and construction partners.
• Strong focus on sustainable development.
• Experienced promoter, qualified senior management, and credible financial partners.

What the Money Will Be Used For

The IPO is entirely a fresh issue of ₹500 crore, with no Offer for Sale, so all the proceeds go to the company. It plans to use the money for the following:

• Repayment or prepayment of certain outstanding borrowings of the company and its material subsidiaries.
• Funding acquisitions of future real estate projects.
• General corporate purposes.

Per the RHP, the amount for funding acquisitions of future real estate projects and for general corporate purposes will each not exceed 25% of the gross proceeds. The RHP also notes there is a lack of specificity for the "acquisitions of future real estate projects" object, as the net proceeds under it are not explicitly earmarked.

What are the Company Financials of Runwal Enterprises

Restated consolidated figures, in ₹ crore.

Real estate revenue is lumpy, recognised largely when projects are completed and possession is handed over. FY 2024 had high revenue (₹2,436.67 crore), FY 2025 was much lower, and FY 2026 recovered but stayed below FY 2024, which is why the total-income growth rate over the period is negative. Profit and net worth rose over the period, while borrowings are high, as real estate development is capital intensive. 2-Yr CAGR is calculated from FY 2024 to FY 2026.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the Runwal Enterprises IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select Runwal Enterprises IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 30 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, MUFG Intime India, at the public issues page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• As of 31 March 2026, 66.65% of its real estate development projects were located in Mumbai (geographic concentration).
• As of 31 March 2026, it had 28 ongoing and 33 upcoming projects, which made up 86.33% of its total developable area and are yet to be completed.
• As of 31 March 2026, it had 7,072 unsold units (about 7.55 million square feet) across its completed and ongoing projects.
• Any uncertainty in land acquisition and title could adversely affect its business and growth.
• It had negative cash flows of about ₹56.04 crore in FY 2025 and may continue to have negative cash flows in the future.
• The development plans for all of its 33 upcoming projects are still pending finalisation and approval.
• Its business is highly capital-intensive, requiring significant expenditure for land acquisition and development.
• It does not provide construction services itself and is entirely dependent on third-party contractors.
• There is a lack of specificity for one of the objects of the Issue (funding acquisitions of future real estate projects), and the net proceeds under it are not explicitly earmarked.
• Its statutory auditors, and the auditors of its subsidiaries and joint venture, have included certain remarks in their audit and examination reports.

Frequently Asked Questions (FAQs)

1. When does the Runwal Enterprises IPO open and close?

The IPO opens on 25 September 2026 and closes on 29 September 2026.

2. What is the price band of the IPO?

The price band is ₹290 to ₹305 per share.

3. What is the lot size?

One lot is 49 shares. Applications are made in multiples of 49 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹14,945 at the upper price band (1 lot of 49 shares).

5. Is this IPO a fresh issue?

Yes. It is entirely a fresh issue of ₹500 crore, with no Offer for Sale, so the company receives the proceeds.

6. When is the allotment date?

The allotment is expected to be finalised on 30 September 2026, with shares credited to demat accounts by 1 October 2026.

7. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 5 October 2026 (tentative).

8. What does Runwal Enterprises do?

It is a Mumbai-based residential real estate developer, part of the Runwal Group, building projects across affordable, mid-income, and luxury segments, including large townships.

9. What is the GMP of the Runwal Enterprises IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.