Runwal Enterprises IPO
Realty • ₹500cr
High risk because:
- Low institutional interest (QIB 1.0x subscription)
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹290-305
Lot Size
49 shares
Issue Size
₹500cr
Open
25 Sept 2026
Close
29 Sept 2026
Subscription
0.52×
GMP +₹24 → est. ₹329
IPO Schedule
| Issue Open Date | 25 Sept 2026 |
| Issue Close Date | 29 Sept 2026 |
| Allotment Date | 30 Sept 2026 |
| Listing Date | 05 Oct 2026 |
About Runwal Enterprises
Runwal Enterprises is a real estate development company primarily focused on the Mumbai market. The company specializes in the development of residential projects, which constitute the majority of its business, alongside selectively developing retail and commercial spaces within mixed-use developments. Its residential portfolio is strategically classified into three distinct segments: affordable, mid-income, and luxury. The affordable segment is concentrated in the Dombivli micro-market, while the mid-income offerings are located in Mulund, Kanjurmarg, Bandra, Chembur, and Alibaug. The luxury segment caters specifically to the South Mumbai sub-market. Runwal Enterprises generates revenue by acquiring land, securing development rights or entering into joint development agreements, and subsequently executing the design, construction, and sale of the developed units. The company relies heavily on pre-sales and a network of channel partners to market its real estate properties to prospective homebuyers and investors. 
Company Details
Founders / Promoters
Mr Subodh Subhash Runwal
Founded
2016
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
0.52×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹305
GMP
+₹24
Est. Listing
₹329
Est. Gain
+7.9%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Runwal Enterprises — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (7/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Diverse portfolio across affordable, mid-income, and luxury segments.
- Strong development pipeline of 28 ongoing and 33 upcoming projects.
- Proven track record in developing mixed-use commercial and retail spaces.
- Robust channel partner network driving significant sales growth.
- Debt reduction via fresh issue proceeds to boost financial health.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score −1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of Runwal Enterprises IPO?
The price band is ₹290-305 per share with a lot size of 49 shares. Minimum investment: ₹14,945.
What does Runwal Enterprises do?
Runwal Enterprises is a real estate development company primarily focused on the Mumbai market. The company specializes in the development of residential projects, which constitute the majority of its business, alongside selectively developing retail and commercial spaces within mixed-use developments. Its residential portfolio is strategically classified into three distinct segments: affordable, mid-income, and luxury. The affordable segment is concentrated in the Dombivli micro-market, while the mid-income offerings are located in Mulund, Kanjurmarg, Bandra, Chembur, and Alibaug. The luxury segment caters specifically to the South Mumbai sub-market. Runwal Enterprises generates revenue by acquiring land, securing development rights or entering into joint development agreements, and subsequently executing the design, construction, and sale of the developed units. The company relies heavily on pre-sales and a network of channel partners to market its real estate properties to prospective homebuyers and investors. 
Should I apply for Runwal Enterprises IPO?
Runwal Enterprises is drawing muted interest at 0.5x overall subscription (QIB 1.0x, retail 0.3x). IPOFins Score 3/10: Driven by QIB demand at 1.0x and elevated disclosed risk (7/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Runwal Enterprises?
Runwal Enterprises was founded by Mr Subodh Subhash Runwal in 2016.