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Runwal Enterprises IPO Oversubscribed 2.5 Times on Final Day
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News18•29-09-2026, 19:45
Runwal Enterprises IPO Oversubscribed 2.5 Times on Final Day
- •Runwal Enterprises Ltd's initial public offering (IPO) was subscribed 2.5 times on its final day of bidding.
- •The IPO received bids for over 30.3 million shares against 12.1 million shares on offer.
- •Non-institutional investors subscribed 3.94 times, Qualified Institutional Buyers (QIBs) 3.89 times, and retail investors 1.12 times.
- •The real estate developer raised Rs 148.95 crore from anchor investors.
- •Proceeds from the Rs 500 crore fresh issue will be used for debt repayment, funding future real estate projects, and general corporate purposes.
Key Questions Answered
The initial share sale of Runwal Enterprises Ltd was subscribed 2.5 times on the final day of bidding, receiving bids for over 3.03 crore shares against 1.21 crore shares on offer.
Runwal Enterprises fixed a price band of Rs 290 to Rs 305 per equity share for its initial public offering, which comprises entirely a fresh issue aggregating up to Rs 500 crore.
The proceeds from the fresh issue will be used to repay debt, fund future real estate projects, and for general corporate purposes.
