Runwal Enterprises Gets SEBI Nod for Rs.1,000 Crore IPO

📅 August 24, 2025

Runwal Enterprises Gets SEBI Nod for Rs.1,000 Crore IPO

Introduction

Mumbai-based developer Runwal Enterprises has secured approval from the Securities and Exchange Board of India (SEBI) to raise Rs.1,000 crore through an initial public offering (IPO). The issue will be a fresh equity share sale, with no offer-for-sale component, aimed at supporting the company’s expansion and strengthening its balance sheet.

Key Highlights

IPO Structure: Fresh issue of equity shares, face value Rs.2 each. No OFS component.
Allocation: 75% reserved for Qualified Institutional Buyers, 15% for non-institutional bidders, and 10% for retail investors. Employee quota will include a discount.
Pre-IPO Placement: Provision for raising up to Rs.200 crore before the IPO, with adjustment in fresh issue size if exercised.
Company Portfolio:
- 15 completed projects, 25 ongoing, and 32 upcoming as of Sept 2024.
- 48.71 million sq. ft. total developable and estimated developable area.
- Diversified presence across residential, commercial, retail, and educational segments.
Market Share:
- Ranked second in Mumbai (2019–2024) with ~5.7% share in launches and ~5.3% in sales.
- Held dominant share in Kalyan-Dombivli with ~18% of sales and ~21% of new launches.
Financial Performance:
- FY24 revenues: ?662.19 crore, up 188% YoY.
- FY24 PAT: ?107.28 crore.
- H1 FY25 revenues: ?270.52 crore; PAT: ?25.53 crore.
Listing & Management: To be listed on BSE and NSE. Managed by ICICI Securities and Jefferies India, with MUFG Intime India as registrar.