Runwal Enterprises Limited has fixed the price band of ₹290/- to ₹305/- per Equity Share of face value ₹2/- each for its initial public offer. The Company’s Initial Public Offering will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026. Investors can bid for a minimum of 49 Equity Shares and in multiples of 49 Equity Shares thereafter. Equity shares outstanding as on date 131,391,436 equity shares of ₹2 each. The IPO, with a face value of ₹2, is entirely a fresh issue up to ₹5,000 million.
- Issue Opens: September 25, 2026
- Issue Closes: September 29, 2026
- Face Value: Rs 2
- Price Band: Rs 290 – 305 per share
- Minimum Bid Lot: 49 Equity Shares
Incorporated in 2016, the company is a real estate developer present across the full spectrum of real estate development, specializing in residential projects that cater to affordable, mid-income, and luxury segments as well as commercial spaces, retail malls and educational buildings. The company is a recognized industry brand with a strong presence in Mumbai. The company is ranked third in terms of new launches and sales in Mumbai with approximate market shares of 2.33% and 2.46%, respectively, between January 2023 and March 31, 2026 (Source – JLL Report). In the eastern suburbs of Mumbai (which encompasses Mulund, Vikhroli, Ghatkopar, Kanjurmarg, Powai and Bhandup), the company ranked first in sales accounting for approximately 7.88% of sales, and fourth in new launches, accounting for approximately 2.89%, between January 2023 and March 31, 2026.
As of March 31, 2026, the company has a total developable area and estimated developable area (in the case of upcoming projects) of 88.37 million square feet across 19 completed projects, 28 ongoing projects and 33 upcoming projects. The company’s experience include greenfield projects requiring land acquisition, as well as flexible models and asset light models such as via joint development agreements (JDA). Greenfield projects refer to developments undertaken on land parcels that have never been previously used, developed or constructed upon for residential dwelling purposes.
As of March 31, 2026, the company has developed and is in the process of developing an aggregate developable area of 31.96 million square feet of residential, retail and commercial properties, which include residential buildings, townships, corporate offices, retail malls, retail spaces, schools and various other real estate projects spread across the eastern, central, peripheral central, south central and western suburbs of Mumbai.
Its residential portfolio consists of an aggregate developable area and estimated developable area (in the case of upcoming projects) of 74.58 million square feet of completed projects, ongoing projects and upcoming projects (Projects) as of March 31, 2026, and is segmented into affordable, mid-income and luxury markets.
As of March 31, 2026, the company is executing ongoing projects with an aggregate developable area of 19.88 million square feet and has upcoming projects with an aggregate estimated developable area of 56.41 million square feet. These projects are located in the micro-markets of the eastern, northern, western and central suburbs of Mumbai, and near Alibaug, outside of the Mumbai Metropolitan Region.
