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.
According to a September 10 notice to investors, the company sought to reduce the fresh issue size following new regulations that allow companies to increase or decrease their fresh issue size by up to 50% without refiling the DRHP.
Following SEBI’s approval dated September 10, Runwal Enterprises reduced the issue size to ₹500 crore from ₹1,000 crore and disclosed the change through an addendum dated September 11.
The company has also revised the utilisation of the IPO proceeds.
Runwal Enterprises 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 recorded consolidated sales value of ₹2,353.5 crore in FY26, up 24% from ₹1,899 crore in the previous year.
However, its average selling price declined to ₹11,366 per square foot in FY26 from ₹11,754 per square foot a year earlier.
The company’s total saleable area increased to 2.07 million square feet in FY26 from 1.62 million square feet in the previous year.
ICICI Securities and Jefferies India have been appointed as the merchant bankers managing the Runwal Enterprises IPO.