Runwal Enterprises IPO

Lot size and investment

Reservation

QIB

Not more than 50% of the Net Issue

Retail

Not less than 35% of the Issue

NII

Not less than 15% of the Issue

Current GMP

₹-5

▼-1.64%

Estimated listing price

₹300

Issue price ₹305

Highest

₹37

24 Sep

Lowest

₹-5

1 Oct

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E (pre-issue)

21.59

P/E (post-issue)

24.28

EPS (₹)

12.57

RoNW

27.24%

EBITDA Margin

19.44%

Debt / Equity

3.29

NAV (₹)

61.43

Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the FY ended 31 Mar 2026.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Runwal Enterprises Limited was started in February 2016. It is a real estate developer working across the full range of development, with its main focus on residential projects in the affordable, mid-income and luxury segments, alongside commercial space, retail malls and educational buildings. Its strength is in Mumbai. According to the JLL Report, between January 2023 and 31 March 2026 it ranked third in Mumbai both for new launches and for sales, with market shares of about 2.33% and 2.46%. In the eastern suburbs of Mumbai it ranked first in sales with a share of about 7.88%, and fourth in new launches. In Kalyan-Dombivli it ranked first in new launches with about 11.41% share and second in sales with about 6.33%. As on 31 March 2026 it had 19 completed projects, 28 ongoing projects and 33 upcoming projects. It develops in two ways. Greenfield development means buying the land itself, while asset-light models such as joint development agreements let it build on someone else's land and share the result, which needs far less capital upfront.

Objects of the issue

1. Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company₹100 Cr
2. 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
3. Funding acquisitions of future real estate projects and general corporate purposes.

Promoters and shareholding

Promoter holding, pre-issue

95.16%

Promoter holding, post-issue

84.61%