Incorporated in 2016, Runwal Enterprises Limited is a real estate developer present across the full spectrum of real estate development. The company specializes in residential projects across the affordable, mid-income, and luxury segments, as well as in the development of commercial spaces, retail malls, and educational buildings.
As of September 30, 2024, Runwal Enterprises Limited has 15 completed projects, 25 ongoing projects, and 32 upcoming projects. The residential portfolio includes an aggregate Developable Area and Estimated Developable Area of 48.71 million square feet across completed, ongoing, and upcoming projects.
In the Eastern Suburbs submarket, the company launched approximately 4,688 units and sold around 4,198 units between January 2019 and September 2024. In the Kalyan-Dombivli submarket, Runwal Enterprises Limited ranked as the top developer in new launches and sales during the same period, launching approximately 16,043 units and selling approximately 11,481 units.
Key Business Partners:
- Financing Partners: IndusInd Bank Limited, Kotak Mahindra Bank Limited, ICICI Bank Limited, and Piramal Capital and Housing Finance Limited
- Construction Company: New Consolidated Construction Company Limited
- Architects: Architect Hafeez Contractor and HBA International Limited
- Technical Consultants: Mahimtura Consultants Private Limited
As of September 30, 2024, Runwal Enterprises Limited (including its subsidiaries) had 791 permanent employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹200 |
| Investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and our Subsidiary namely Evie Real Estate Private Limited, for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. | ₹450 |
| Funding acquisitions of future real estate projects and general corporate purposes. | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 7,003 | 6,240 | 5,251 |
| Revenue | 311 | 708 | 235 |
| PAT | 26 | 107 | -7 |
| Net Worth | 435 | 407 | 299 |
| Reserves | 634 | 606 | 498 |
| Total Borrowing | 1,498 | 1,206 | 1,228 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 2.25 | 8,155,649 | 18,335,849 |
| NII / HNI | 4.09 | 2,446,696 | 9,985,465 |
| Retail (RII) | 1.16 | 5,708,955 | 6,598,340 |
| Employee | — | 120,275 | — |
| Total | 0.72 | 86,093 | 86,093 |
* Amount calculated at upper price band (₹305) · ** Total includes all investor categories
- 1 Initiation of Refund 01 Oct 2026
- 2 Credit of Shares to Demat 01 Oct 2026
- 3 Lock-in Period (30%) Fri, Oct 30, 2026
- 4 Lock-in Period (50%) Tue, Dec 29, 2026
- The IPO P/E of 96x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹7 compares to post-issue EPS of ₹3 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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