Runwal Enterprises' ₹500 crore IPO to open on 25 Sep; price band set at ₹290-305

Runwal Enterprises has priced its ₹500 crore initial public offering at ₹290-305 per share, with the issue opening on 25 Sep and closing on 29 Sep 2026. The fresh-issue IPO offers a residential-heavy portfolio of 88.37 million sq ft across Mumbai and Alibaug.

Runwal Enterprises has fixed a price band of ₹290-305 per equity share for its ₹500 crore initial public offering, which will open for subscription on 25 Sep and close on 29 Sep 2026. The issue, with a face value of ₹2 per share, comprises entirely a fresh issue aggregating up to ₹500 crore.

Investors can bid for a minimum of 49 equity shares and in multiples of 49 thereafter. The issue is being undertaken through the book-building process, with not more than 50 per cent of the net issue reserved for qualified institutional buyers, not less than 15 per cent for non-institutional investors and not less than 35 per cent for retail individual investors.

As of 31 Mar 2026, the company had a total developable and estimated developable area of 88.37 million sq ft across 19 completed, 28 ongoing and 33 upcoming projects. Its residential portfolio accounts for approximately 74.58 million sq ft, while its non-residential portfolio comprises about 13.80 million sq ft.

The company is currently executing ongoing projects with an aggregate developable area of 19.88 million sq ft and has upcoming projects with an estimated developable area of 56.41 million sq ft. Its projects are spread across Mumbai's eastern, northern, western and central suburbs, as well as near Alibaug.

Runwal Enterprises had 13.14 crore equity shares outstanding as of the date of the offer. The company has also drawn external investment, including ₹115 crore from Nexus Select Trust in Runwal Residency for the development of R Mall at the Runwal Gardens project.