Runwal Enterprises shares to list today; check GMP and key details ahead of debut

Shares of Runwal Enterprises are set to debut on the BSE and NSE on Monday, with grey market sentiment remaining subdued. The IPO is currently commanding a zero grey market premium (GMP), pointing to expectations of a flat listing around the issue price of Rs 305.

The Rs 500-crore Runwal Enterprises IPO comprised entirely a fresh issue of 1.64 crore shares, with no offer-for-sale (OFS) component.

The company fixed the IPO price band at Rs 290–305 per share, with a lot size of 49 shares. At the upper end of the price band, retail investors were required to invest a minimum of Rs 14,945 for one lot.


The IPO opened for subscription on September 25, 2026, and closed on September 29. It received an overall subscription of 2.64 times. The retail portion was subscribed 1.19 times, while the QIB (ex-anchor) and NII categories were subscribed 4.10 times and 4.14 times, respectively.

ICICI Securities Ltd. is the book-running lead manager to the issue, while MUFG Intime India Pvt Ltd is the registrar.

IPO Objects of the Issue

The Runwal Enterprises IPO plans to utilise Rs 100 crore of the net proceeds towards repaying or pre-paying certain outstanding borrowings of the company, either fully or partially.

Another Rs 225 crore is proposed to be invested in its material subsidiaries, Susneh Infrapark Pvt. Ltd. and Runwal Residency Pvt. Ltd., and subsidiary Evie Real Estate Pvt. Ltd., to repay or pre-pay their borrowings. The remaining proceeds will be used to fund acquisitions of future real estate projects and for general corporate purposes, taking the total allocation to Rs 325 crore.

Financial Performance

Runwal Enterprises reported a 76% increase in total income, rising to Rs 1,851 crore in FY26 from Rs 1,051 crore in FY25. The company’s profit after tax (PAT) surged 234% to Rs 186 crore in FY26, compared with Rs 56 crore in FY25, indicating a sharp improvement in profitability during the year.

About Runwal Enterprises Ltd.

Incorporated in February 2016, Runwal Enterprises is a real estate developer with a presence across residential, commercial and retail segments. Its residential portfolio spans affordable, mid-income and luxury housing, along with commercial spaces, retail malls and educational buildings. The company has a strong presence in Mumbai and, between January 2023 and March 31, 2026, ranked third in Mumbai for new launches and sales, with market shares of approximately 2.33% and 2.46%, respectively.

The company also held leading positions in key micro-markets, ranking first in sales in Mumbai’s eastern suburbs and first in new launches in Kalyan-Dombivli during the same period. As of March 31, 2026, Runwal Enterprises and its subsidiaries had 1,181 permanent employees, with key functions spanning construction management, sales and marketing, customer care, accounts and billing, contracts and procurement.

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