The company said it allocated 48,83,605 equity shares at ₹305 per share to anchor investors. The allocation was finalised by the company’s board on September 24 in consultation with book running lead managers ICICI Securities and Jefferies India.
The anchor investors include Tata Mutual Fund, 360 One Prime, Maybank Securities, Authum Investment and Infrastructure, Sanshi Fund-I, Founders Collective Fund, Capri Global Capital, Ashika Global Finance and LRSD Securities.
Of the total anchor allocation, 13,11,436 shares, or 26.85%, were allocated to one domestic mutual fund, which applied through two schemes.
The largest allocations included Tata Dividend Yield Fund and Maybank Securities Pte. Ltd.-ODI, with 8,19,623 and 8,19,574 shares, respectively, at ₹305 per share.
Authum Investment and Infrastructure was allocated 6,44,254 shares, while Tata ELSS – Tax Saver Fund received 4,91,813 shares.
No bids were received from life insurance companies or pension funds in the anchor investor portion, said the company. As a result, the unsubscribed portion reserved for these investors was allocated to other anchor investors at the anchor investor allocation price of ₹305 per share.
IPO detail
Runwal Enterprises has fixed the price band for its initial public offering (IPO) at ₹290-₹305 per equity share. The public issue will open for subscription on September 25.
Investors can bid for a minimum of 49 shares and in multiples thereof. At the upper end of the price band, the company will raise ₹500 crore through the IPO.
Runwal Enterprises has halved the size of its proposed public issue from the earlier ₹1,000 crore and has accordingly revised the objectives of the offer.
The Subodh Runwal-promoted company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in March 2025, proposing to raise up to ₹1,000 crore through a fresh issue of shares.
SEBI approved the company’s IPO papers in August 2025. Subsequently, Runwal Enterprises applied to the regulator on August 11 to reduce the issue size.
The company will use ₹100 crore of the net fresh issue proceeds to repay debt against its outstanding borrowings of ₹431.4 crore on a standalone basis as of July 2026.
Another ₹225 crore will be invested in its wholly owned material subsidiaries, Runwal Residency and Evie Real Estate, to repay a portion of their outstanding borrowings.
As of July 2026, Runwal Residency had outstanding borrowings of ₹286.5 crore, while Evie Real Estate had borrowings of ₹356.4 crore.
The remaining proceeds will be used to fund acquisitions of future real estate projects and for general corporate purposes.
Runwal Enterprises is a real estate developer operating across residential segments, including affordable, mid-income and luxury housing.
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