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Runwal Enterprises IPO Opens Sept 25: Price Band Set, Issue Size Halved to ₹500 Crore
- •Runwal Enterprises has set its IPO price band at ₹290-₹305 per equity share, with the public issue opening for subscription on September 25.
- •The Mumbai-based real estate developer aims to raise ₹500 crore through the IPO, a reduction from its initial target of ₹1,000 crore.
- •Investors can bid for a minimum of 49 shares; the company revised its issue size after SEBI approval, leveraging new regulations.
- •Proceeds will be used to repay ₹100 crore of the company's debt, invest ₹225 crore in subsidiaries Runwal Residency and Evie Real Estate for debt repayment, and fund future real estate projects.
- •Runwal Enterprises reported consolidated sales of ₹2,353.5 crore in FY26, a 24% increase, despite a slight decline in average selling price per square foot.
Key Questions Answered
The Runwal Enterprises IPO will open for subscription on September 25 with a price band set at ₹290 to ₹305 per equity share. Investors are allowed to bid for a minimum of 49 shares and in multiples thereof.
Runwal Enterprises reduced its fresh issue size following new regulations that permit companies to alter their fresh issue size by up to 50 percent without needing to refile the DRHP. Following SEBI's approval on September 10, the company halved its initial ₹1,000 crore target to ₹500 crore.
The company will allocate ₹100 crore of the net proceeds to repay its own standalone debt and invest ₹225 crore into its wholly owned subsidiaries, Runwal Residency and Evie Real Estate, to service their borrowings. The remaining funds will be directed toward funding future real estate project acquisitions and general corporate purposes.
