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Runwal Enterprises Secures Rs 149 Crore from Anchor Investors Ahead of IPO Launch
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News18•24-09-2026, 22:30
Runwal Enterprises Secures Rs 149 Crore from Anchor Investors Ahead of IPO Launch
- •Real estate developer Runwal Enterprises Ltd raised Rs 148.95 crore from anchor investors before its initial public offering (IPO) opens for subscription on Friday.
- •The company allotted 48,83,605 equity shares to anchor investors at Rs 305 apiece, the upper end of the price band.
- •Notable anchor investors include Tata Mutual Fund, 360 One Prime Ltd, Maybank Securities Pte Ltd, and funds backed by Mukul Agarwal and Madhu Kela.
- •The IPO's price band is set at Rs 290-305 per equity share, with the issue running from September 25 to September 29.
- •The IPO consists entirely of a fresh issue of equity shares aggregating up to Rs 500 crore, with proceeds earmarked for debt repayment, funding future real estate projects, and general corporate purposes.
Key Questions Answered
Runwal Enterprises raised Rs 148.95 crore from anchor investors by allotting 48,83,605 equity shares at Rs 305 apiece, which is the top end of the price band.
The initial public offering has a price band set at Rs 290 to Rs 305 per equity share, with subscription opening on September 25 and closing on September 29.
The IPO comprises entirely a fresh issue of equity shares aggregating up to Rs 500 crore. The proceeds will be utilized to repay debt, fund future real estate projects, and for general corporate purposes.
