Runwal Developers Seeks SEBI Approval for ₹2,000 Crore IPO
Mumbai-based real estate developer Runwal Developers has filed its draft papers with SEBI to raise ₹2,000 crore through an initial public offering (IPO). The IPO includes a fresh issue of shares and an offer for sale by the promoter.
IpoReal EstateSebiRunwal DevelopersMumbaiReal Estate NewsOct 01, 2025
The IPO comprises a fresh issue of shares worth ₹1,700 crore and an offer for sale (OFS) component of ₹300 crore by the promoter, Sandeep Subhash Runwal. According to the draft red herring prospectus (DRHP) filed on Tuesday, the proceeds from the fresh issuance, amounting to ₹1,300 crore, will be utilized for paying off the company's debt and for general corporate purposes.
Runwal Developers may also consider a pre-IPO placement for up to ₹340 crore. If this placement is completed, the fresh issue size will be reduced accordingly. This strategic move aims to optimize the company's financial structure and enhance its operational flexibility.
Founded in 1988, Runwal Developers has established itself as a prominent real estate development company with a diversified portfolio. The company focuses on residential, commercial, and organized retail projects across the Mumbai Metropolitan Region (MMR) and Pune in Maharashtra. As of June 30, 2025, the company had completed 35 projects, with 17 ongoing projects and 24 upcoming projects in the pipeline.
The financial performance of Runwal Developers reflects its robust growth and market presence. In the financial year 2025, the company reported a revenue from operations of ₹1,163 crore and a net profit of ₹137.4 crore. These figures underscore the company's strong financial health and its potential for further expansion.
ICICI Securities, BOB Capital Markets, IIFL Capital Services, and JM Financial are the book-running lead managers for the company's public offering. Their involvement adds credibility and expertise to the IPO process, ensuring a smooth and transparent transaction.
The IPO is a significant step for Runwal Developers as it seeks to leverage the capital markets to fund its growth initiatives and reduce its debt burden. The company's diversified project portfolio and strong financial performance make it an attractive investment opportunity for potential investors.
As Runwal Developers awaits SEBI's approval, the real estate sector in India remains dynamic and competitive. The company's strategic approach to its IPO and its focus on sustainable growth are expected to position it well for future success in the market.
Frequently Asked Questions
What is the total amount Runwal Developers aims to raise through its IPO?
Runwal Developers aims to raise ₹2,000 crore through its initial public offering (IPO).
How much of the IPO is a fresh issue of shares?
The fresh issue of shares is worth ₹1,700 crore.
What is the offer for sale (OFS) component of the IPO?
The offer for sale (OFS) component is ₹300 crore by the promoter, Sandeep Subhash Runwal.
What will the proceeds from the fresh issuance be used for?
The proceeds from the fresh issuance, amounting to ₹1,300 crore, will be used for paying off the company's debt and for general corporate purposes.
Who are the book-running lead managers for Runwal Developers' IPO?
The book-running lead managers are ICICI Securities, BOB Capital Markets, IIFL Capital Services, and JM Financial.
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