Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Runwal Enterprises IPO
Price Band
₹290.0–305.0
Issue Size
₹499.83 Cr
Lot Size
49 shares
Min Investment
₹14,945
GMP
+₹14.0 (4.59%)
Issue Price
₹305.0
Subject to Sauda
₹500
Paid only if allotted
Runwal Enterprises IPO AI Summary
- Runwal Enterprises IPO is open now on BSE, NSE in the Real Estate related services sector.
- Price band: ₹290.0–₹305.0 per share, lot size 49 shares (min. investment ₹14,945).
- Subscription window: 25 Sep–29 Sep 2026, listing on 05 Oct 2026.
- Current GMP is +₹14.0 (4.59%), an estimated listing price of ₹319 — unofficial and can change daily.
Runwal Enterprises Limited is entering the market with a focus on real estate development across various segments. The company has shown a recovery in both revenue and profit, with a significant presence in the Mumbai Metropolitan Region. The IPO opens on September 25, 2026, with a price band of ₹290 to ₹305.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Runwal Enterprises IPO — Third-Party Research Views
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
LIVE · updates every 5 minOverall Subscription
0.44x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.01x
|
1.01x |
| NII (HNI) |
0.29x
|
0.29x |
| ↳ bNII (>₹10L) |
0.34x
|
0.34x |
| ↳ sNII (<₹10L) |
0.20x
|
0.20x |
| Retail (RII) |
0.19x
|
0.19x |
| Employee |
0.18x
|
0.18x |
| Total | 0.44x | 0.44x |
Auto-updated every 5 min · As of 25th Sep 2026 17:07
Runwal Enterprises IPO Grey Market Premium (GMP) Today
GMP
+₹14.0
GMP %
+4.59%
Est. Listing
₹319.0
Updated: 28 Sep 2026 01:45
GMP Trend (Last 5 Days)
TopFund Score — Listing Data Indicator
GMP is 4.6% above issue price
QIB subscribed 1.01x
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 18.1% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Runwal Enterprises Limited is an integrated real estate development company with a diversified presence across residential, commercial, retail, and institutional real estate segments. The company develops residential projects catering to affordable, mid-market, and premium housing categories, while also undertaking commercial developments, shopping malls, and educational infrastructure projects. As of September 30, 2024, the company’s portfolio comprised 15 completed projects, 25 projects under development, and 32 planned projects. Across these developments, the residential portfolio represented a combined Developable Area and Estimated Developable Area of approximately 48.71 million square feet. Between January 2019 and September 2024, Runwal Enterprises Limited established a strong market presence in key Mumbai Metropolitan Region (MMR) micro-markets. In the Eastern Suburbs, the company launched nearly 4,688 residential units and recorded sales of approximately 4,198 units. During the same period, it emerged as the leading developer in the Kalyan-Dombivli market based on both project launches and unit sales, with around 16,043 units launched and approximately 11,481 units sold. Key Business Associations: Banking & Finance Partners: IndusInd Bank Limited, Kotak Mahindra Bank Limited, ICICI Bank Limited, and Piramal Capital & Housing Finance Limited Construction Partner: New Consolidated Construction Company Limited Architectural Consultants: Architect Hafeez Contractor and HBA International Limited Engineering & Technical Consultant: Mahimtura Consultants Private Limited As of September 30, 2024, the company, together with its subsidiaries, employed 791 permanent personnel across its operations.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 10,254.50 | 8,328.14 | 7,079.74 |
| Total Income | 1,850.79 | 1,050.71 | 2,436.68 |
| Profit After Tax | 185.76 | 55.65 | 93.70 |
| EBITDA | 349.81 | 180.11 | 201.73 |
| NET Worth | 768.20 | 455.86 | 372.65 |
| Reserves and Surplus | 819.81 | 460.07 | 426.07 |
| Total Borrowing | 2,909.13 | 2,312.58 | 1,783.65 |
Key Ratios
EPS
₹14.14
NAV
₹61.43
RoNW
27.24%
P/B Value
4.97
P/E Ratio
21.57
Market Cap
₹4507.44 Cr
Debt/Equity
3.29
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Kalpataru Ltd. | 199.91 | 1.94% | 57.66 | 4.76 | 4.76 |
| Prestige Estates Projects Ltd. | 377.8 | 8.02% | 51.7 | 27.76 | 27.76 |
| Keystone Realtors Ltd. | 226.82 | 3.32% | 56.96 | 6.25 | 6.21 |
| Sunteck Realty Ltd. | 245.92 | 5.6% | 21.09 | 13.94 | 13.94 |
| Godrej Properties Ltd. | 635.96 | 9.61% | 27.53 | 61.43 | 61.42 |
| Lodha Developers Ltd. | 233.11 | 14.73% | 33.42 | 34.34 | 34.25 |
| Oberoi Realty Ltd. | 492.89 | 13.99% | 25.88 | 68.96 | 68.96 |
| Runwal Enterprises Ltd. This IPO | 61.43 | 27.24% | — | 16.74 | 16.74 |
Promoters
Subodh Subhash Runwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company 100.00 2 Investment in the Material Subsidiaries namely Susneh Infrapark Pvt.Ltd. and Runwal Residency Pvt.Ltd. and Subsidiary namely Evie Real Estate Pvt.Ltd., for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. 225.00 3 Funding acquisitions of future real estate projects and general corporate purposes. Total 325.00
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total Income was ₹2,436.68 Cr for the period ending 31 Mar 2024, which decreased to ₹1,050.71 Cr by 31 Mar 2025, and then rose to ₹1,850.79 Cr by 31 Mar 2026. This shows a recovery in revenue after a dip, though the latest figure is still lower than the previous full year.
Profit Trend
Profit After Tax was ₹93.70 Cr for the period ending 31 Mar 2024, increasing to ₹55.65 Cr by 31 Mar 2025, and then rising to ₹185.76 Cr by 31 Mar 2026. The latest figure reflects a positive trend in profitability, recovering significantly from the prior year.
Valuation
Runwal Enterprises Ltd. has an implied P/E of 21.57 at the issue price, compared to peers trading at a P/E range of approximately 21.09 to 57.66.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price based on unofficial trading. A positive GMP suggests that investors anticipate a higher listing price, while a negative GMP indicates the opposite.
Subscription Demand
As of 25th September 2026, the overall subscription rate is 0.44 times, with the QIB category subscribed 1.01 times, while the NII and Retail categories are under-subscribed at 0.29 times and 0.19 times respectively.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Conservative investors or those with a low-risk tolerance may want to avoid this IPO, especially if they are uncomfortable with the inherent risks associated with the real estate sector.
IPO Timeline, Explained
The IPO opens for subscription on September 25, 2026, and closes on September 29, 2026. Allotment of shares will be done on September 30, 2026, and the listing date is set for October 5, 2026.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the stock exchange shortly after they are listed. However, these gains can be unpredictable and depend on market conditions, investor sentiment, and the overall performance of the company post-IPO.
This evaluation is generated from Runwal Enterprises's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Runwal Enterprises IPO GMP today?
Runwal Enterprises IPO GMP today is +₹14.0 (4.59%), indicating an estimated listing price of ₹319. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Runwal Enterprises IPO?
The price band of Runwal Enterprises IPO is ₹290.0–₹305.0 per share.
When does Runwal Enterprises IPO open and close?
Runwal Enterprises IPO opens on 25 September 2026 and closes on 29 September 2026.
When does Runwal Enterprises IPO list on the stock exchange?
Runwal Enterprises IPO is scheduled to list on 05 October 2026, with an estimated listing price of ₹319.0 based on current GMP.
What is the lot size for Runwal Enterprises IPO?
The lot size for Runwal Enterprises IPO is 49 shares, requiring a minimum investment of ₹14,945.
What is the TopFund Listing Data Indicator for Runwal Enterprises?
Runwal Enterprises's Listing Data Indicator score is 40/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹290 to ₹305.
What is the minimum investment required?
The minimum investment required is ₹14,945.
What is the lot size for this IPO?
The lot size for this IPO is 49 shares.
When does the IPO open and close?
The IPO opens on September 25, 2026, and closes on September 29, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Sep 2026
Close
29 Sep 2026
Allotment
30 Sep 2026
Listing
05 Oct 2026
Similar IPOs in Real Estate related services
Plan Your IPO Investment
Related Articles
Full Analysis
Should you apply? Company analysis, GMP explained & FAQs
Community Sentiment
What are other investors planning for Runwal Enterprises?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.