Runwal Enterprises has fixed a price band of ₹290–305 per equity share for its ₹500 crore initial public offering (IPO), with the issue scheduled to open for subscription on September 25 and close on September 29, 2026. The Mumbai-based real estate developer is raising the entire amount through a fresh issue of equity shares.
The equity shares have a face value of ₹2 each. Investors will be able to bid for a minimum of 49 equity shares and in multiples of 49 thereafter. The IPO will be conducted through the book-building process, with the issue divided among different investor categories according to the stated allocation structure.
Under the proposed allocation, not more than 50% of the net issue will be available for qualified institutional buyers (QIBs). Not less than 15% will be available for non-institutional investors, while retail individual investors will be allocated not less than 35% of the net issue. The structure provides participation opportunities across institutional, non-institutional and retail investor categories.
Runwal Enterprises’ Development Portfolio
As of March 31, 2026, Runwal Enterprises had a total developable and estimated developable area of 88.37 million sq ft spread across 19 completed, 28 ongoing and 33 upcoming projects. The portfolio includes both residential and non-residential developments.
Residential projects account for approximately 74.58 million sq ft of the company’s portfolio, while non-residential developments account for around 13.80 million sq ft. The figures indicate that residential development forms the larger share of Runwal Enterprises’ overall development pipeline.
The company is currently executing projects with an aggregate developable area of 19.88 million sq ft. Its upcoming projects represent an estimated developable area of 56.41 million sq ft, providing a substantial pipeline of projects beyond those currently under execution.
Projects Across Mumbai and Alibaug
Runwal Enterprises’ projects are spread across Mumbai’s eastern, northern, western and central suburbs, as well as areas near Alibaug. This portfolio covers multiple parts of the Mumbai metropolitan real estate market and includes both completed developments and projects at different stages of execution.
The company’s development activities extend beyond its residential portfolio through commercial and other non-residential projects. Recent investments involving Runwal-linked entities have also included commercial developments.
Recent Investments in Runwal Projects
In 2026, Nishi Nippon Railroad Co. and Genkai Capital Secured Investment together infused ₹150 crore into Runwal subsidiary Susneh Developers for the development of the Runwal BKC commercial project. The investment adds to the company’s recent funding activity related to its commercial development portfolio.
Nexus Select Trust also invested ₹115 crore in Runwal Residency for the development of R Mall at the Runwal Gardens project. These transactions highlight the involvement of external investors in selected Runwal developments during 2026.
IPO Structure and Shareholding
Runwal Enterprises had 13.14 crore equity shares outstanding as of the date of the offer. The ₹500 crore IPO will consist entirely of a fresh issue, meaning the proceeds will come from newly issued shares rather than an offer for sale by existing shareholders.
With the price band fixed at ₹290–305 per share, investors will need to bid for at least 49 shares, making the minimum application size ₹14,210 at the lower end of the price band and ₹14,945 at the upper end, excluding applicable charges. The lot size and price band will apply during the September 25–29 subscription period. The source states that the issue is being conducted through the book-building route.
The IPO announcement comes as Runwal Enterprises continues to maintain a sizeable development pipeline across residential and non-residential segments. With 28 projects under development and 33 upcoming projects as of March 31, 2026, the company has a substantial amount of development area in its current and future portfolio.
The IPO is scheduled to open on September 25, 2026, and close on September 29, 2026, with the price band set at ₹290–305 per equity share.
