Runwal Developers Aims to Raise ₹2000 Cr through IPO with Sebi Filing
Mumbai-based real estate developer Runwal Developers, operating under the brand Runwal Realty, has filed a draft red herring prospectus with Sebi to raise ₹2,000 crore via an initial public offering (IPO).
Real EstateIpoRunwal DevelopersMumbaiSebiReal Estate MumbaiOct 01, 2025
The offer comprises a fresh issue of ₹1,700 crore and an offer for sale (OFS) component of ₹300 crore. The company’s promoter, Sandeep Runwal, will be offloading some of his stake via the proposed OFS. As of the date of the DRHP, he held a 72.76 per cent stake in the company.
The company aims to utilise the proceeds of the fresh issue for the prepayment or repayment of certain outstanding borrowings and general corporate purposes. The company’s net debt as of financial year 2025 (FY25) stood at ₹3,160.52 crore, while its net debt to equity ratio was 0.98x.
Runwal’s revenue from operations in FY25 stood at ₹1,163.23 crore, a significant increase from ₹539.44 crore in FY24. The company’s adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for FY25 were ₹542.2 crore, up by almost 105 per cent year on year (Y-o-Y). However, its adjusted Ebitda margin declined from 49.02 per cent in FY24 to 46.61 per cent in FY25.
The company’s sales in FY25 stood at ₹1,291.42 crore, up by 11.3 per cent Y-o-Y. It sold an area of 1.01 million square feet (msf) in FY25, compared to 0.96 msf in FY24. The company’s gross collections in FY25 were ₹1507.51 crore, up by about 15.02 per cent Y-o-Y. Its rental income came in at ₹267.36 crore in FY25, up by 9.5 per cent Y-o-Y.
So far, the company has delivered over 50 projects, including redevelopment and greenfield developments, across residential, commercial, and retail segments in the Mumbai Metropolitan Region (MMR) and Pune. Sector watchers noted that the listing of a larger number of companies in the real estate sector indicates the formalisation of an industry that has long been unorganised.
Frequently Asked Questions
What is the total amount Runwal Developers aims to raise through the IPO?
Runwal Developers aims to raise ₹2,000 crore through the IPO.
How much of the IPO proceeds will be from a fresh issue?
₹1,700 crore of the IPO proceeds will be from a fresh issue.
What is the purpose of the fresh issue proceeds?
The proceeds from the fresh issue will be used for the prepayment or repayment of certain outstanding borrowings and general corporate purposes.
What is the net debt of Runwal Developers as of FY25?
The net debt of Runwal Developers as of FY25 stood at ₹3,160.52 crore.
How many projects has Runwal Developers delivered so far?
Runwal Developers has delivered over 50 projects, including redevelopment and greenfield developments, across residential, commercial, and retail segments in the Mumbai Metropolitan Region (MMR) and Pune.
Related News Articles
US Widens Net on Foreign Real Estate Deals Near Military Bases
The Biden administration proposes to scrutinize more foreign real estate transactions near US military bases, citing national security concerns.
Exploring Alternatives to SME IPOs: A Wealth Growth Strategy
Investors seeking to grow their wealth may find more reliable options beyond SME IPOs, including mutual funds, stocks, ETFs, real estate, and REITs.
Israeli PM Netanyahu Sends Condolences for the Passing of Ratan Tata
Former Tata Group chairman Ratan Tata passed away at the age of 86. Israeli Prime Minister Benjamin Netanyahu expressed his condolences, praising Tata's contributions to India's growth and his role in strengthening India-Israel relations.
CMD, IREDA Leads Engaging Panel Discussion at 18th Pravasi Bharatiya Divas Convention
Commander-in-Chief of the Indian Renewable Energy Development Agency (IREDA), moderated an inspiring panel discussion at the 18th Pravasi Bharatiya Divas (PBD) Convention, covering topics such as real estate, battery and green manufacturing, electric mobi
Oberoi Realty Reports Rs. 14.60 Billion Consolidated Revenues in Q3FY25
Oberoi Realty, a leading real estate developer in India, has recorded a significant Rs. 14.60 billion in consolidated revenues for the third quarter of fiscal year 2025. This exceptional performance underscores the company's strong market position and str
Raymond Realty Q3FY25 Results: Revenue Jumps 11% to Rs 487.8 Crore
Raymond Realty, the real estate arm of Raymond Limited, reported a robust revenue of Rs 487.8 crore in the third quarter of the financial year 2024-25 (Q3 FY25), marking an 11% increase from the same period last year.