Runwal Enterprises IPO
Founded in February 2016, Runwal Enterprises is one of the leading real-estate developers that builds residential homes across affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings. It is a recognized brand in the real estate industry with a strong presence across Mumbai.
IPO GMP
₹0
+0% expected gain
Price Band
₹290 - ₹305
Lot Size
49 shares
Min Investment
₹14,945
Listing Date
October 5, 2026
About Runwal Enterprises
Company overview, business, and key facts.
Founded in February 2016, Runwal Enterprises is one of the leading real-estate developers that builds residential homes across affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings. It is a recognized brand in the real estate industry with a strong presence across Mumbai.
As of March 2026, the firm has completed 19 projects, 28 are ongoing Projects, and 33 are upcoming. Moreover, Runwal Enterprises also has expertise in developing large townships such as schools, malls, retail shops, and shopping arcades. Furthermore, the company has its own in-house team to design, architect, construct, and handle sales and marketing, contracts, and procurement for residential projects.
Founded
2016
Headquarters
Mumbai, Maharashtra
Promoters
Subodh Subhash Runwal
Website
https://www.runwalenterprises.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Focus of Sustainable Development: The organization is committed to sustainable development in all its real estate projects. The concept of sustainable development is a part of the development strategy of the company in all its residential and integrated township projects.
- Good Project Portfolio: Runwal was working on 28 projects in progress and 33 future projects as on March 31, 2026, indicating good pipeline for future development. The company has also completed 19 projects till now.
- Expertise in Integrated Townships: The organization has developed expertise in integrated townships including schools, malls, retail shops and shopping arcades.
Risks
- Geographic Concentration in Mumbai: As at March 31, 2026, 66.65% of the total real estate development projects were in Mumbai. Any economic, regulatory, or other developments including natural disasters that may occur in the area can negatively affect the business and financial performance of the company.
- Project Execution & Cost Overruns: As at March 31, 2026, there were 28 ongoing projects and 33 future projects which accounted for 86.33% of the total Developable Area. Any delay in the completion of projects, inability to finish projects, or cost overruns can negatively affect the business, reputation, financial performance, and results of operations of the company.
- Unsold Inventory: As at March 31, 2026, the total unsold units were 7,072, accounting for approximately 7.55 million sq. ft. of unsold Developable Area in completed and ongoing projects. Inability to sell the current or future unsold inventory on schedule can negatively affect the business and financial performance of the company.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Runwal Enterprises IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹4,507.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
24.3x
Peer median 33.4x (discount of 27.2%)
Price to sales
2.44x
Revenue growth, 2026
+76.1%
-12.8% a year over the period
Profit growth, 2026
+233.8%
40.8% a year over the period
Profit margin (PAT)
10%
EBITDA margin 19.44%
Debt to equity
3.29
Promoter holding
95.16% → 84.61%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
49 shares on ₹14,945. GMP is unofficial.
What stands out
- Profit grew 233.8% in 2026.
- Priced at a 27.2% discount to the peer median P/E of 33.4.
Watch-outs
- Leverage: debt to equity is 3.29.
- 100% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
IPO Analysis SummaryAI-generated
A plain-language review of Runwal Enterprises's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Runwal Enterprises IPO Review
Analysis based on live GMP, subscription, and issue details.
Runwal Enterprises IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 2.45x overall — QIB: 3.89x, NII: 3.91x, Retail: 1.03x.
Runwal Enterprises IPO subscription has closed. The shares are expected to list on October 5, 2026.
The minimum investment required is ₹14,945 for 49 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Focus of Sustainable Development: The organization is committed to sustainable development in all its real estate projects. The concept of sustainable development is a part of the development strategy of the company in all its residential and integrated township projects.; Good Project Portfolio: Runwal was working on 28 projects in progress and 33 future projects as on March 31, 2026, indicating good pipeline for future development. The company has also completed 19 projects till now.. Investors should note the following risks: Geographic Concentration in Mumbai: As at March 31, 2026, 66.65% of the total real estate development projects were in Mumbai. Any economic, regulatory, or other developments including natural disasters that may occur in the area can negatively affect the business and financial performance of the company.; Project Execution & Cost Overruns: As at March 31, 2026, there were 28 ongoing projects and 33 future projects which accounted for 86.33% of the total Developable Area. Any delay in the completion of projects, inability to finish projects, or cost overruns can negatively affect the business, reputation, financial performance, and results of operations of the company..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Runwal Enterprises IPO — Frequently Asked Questions
What is Runwal Enterprises IPO GMP today?
Runwal Enterprises IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of Runwal Enterprises IPO?
The price band for Runwal Enterprises IPO is ₹290 - ₹305 with a lot size of 49 shares. The minimum investment required is ₹14,945.
When is Runwal Enterprises IPO allotment date?
Runwal Enterprises IPO allotment is expected to be finalised on September 30, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.
When will Runwal Enterprises IPO list on NSE/BSE?
Runwal Enterprises IPO is expected to list on BSE, NSE on October 5, 2026.
How to check Runwal Enterprises IPO allotment status?
To check Runwal Enterprises IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Runwal Enterprises IPO?
Runwal Enterprises IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Runwal Enterprises IPO?
The lot size for Runwal Enterprises IPO is 49 shares per lot. The minimum investment for retail investors is ₹14,945. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.