Runwal Enterprises, promoted by Subodh Runwal, has received approval from the Securities and Exchange Board of India (SEBI) to launch a Rs 1,000 crore initial public offering (IPO). The offering will be a fresh equity issuance without any offer-for-sale component and will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The developer plans to use the proceeds to expand its presence in Mumbai’s residential and commercial real estate markets while strengthening its financial position. The IPO includes a reserved quota for eligible employees, who will benefit from a subscription discount. Additionally, the company may undertake a pre-IPO placement of up to Rs 200 crore.
Over the past four decades, Runwal Enterprises has developed a diversified portfolio, transitioning from affordable housing projects to premium and luxury developments. The company has also expanded into retail, commercial, and educational infrastructure, establishing a notable presence in key submarkets such as Kalyan-Dombivli.
Recent performance metrics indicate strong growth in revenue and profitability, reflecting the company’s steady expansion. The IPO will be managed by ICICI Securities and Jefferies India, with MUFG Intime India acting as the registrar.
This IPO positions Runwal Enterprises among a growing number of Mumbai-based developers tapping capital markets amid rising housing demand and heightened investor interest in the real estate sector. Analysts note that the move could provide the company with additional liquidity for ongoing and future projects, while also enhancing investor confidence.
Runwal Enterprises’ strategy emphasizes broadening its footprint in both residential and commercial real estate, with a focus on delivering high-quality developments in established and emerging markets. The company’s approach combines long-term growth objectives with financial prudence, aligning with market trends and investor expectations.
Image source- freepik.com
.png)