Runwal Realty Aims for ₹2,000 Crore IPO to Boost Growth
Mumbai-based real estate developer Runwal Realty is set to raise up to ₹2,000 crore through an initial public offer (IPO) to fund its expansion and debt repayment.
Real EstateIpoRunwal RealtyMumbaiProperty DevelopmentReal Estate MumbaiOct 02, 2025
The Mumbai-based developer is also considering a pre-IPO placement, which could aggregate up to ₹340 crore. If undertaken, this pre-IPO placement will not exceed 20% of the fresh issue size, as stated in the company's draft red herring prospectus filed on Wednesday.
Runwal Realty plans to utilize the net proceeds from the fresh issue towards the part or full prepayment and repayment of certain outstanding borrowings availed by the company and its subsidiaries. The funds will also be used for general corporate purposes. The group entities that will benefit from this include Runwal Construction, Aethon Developers, R Retail Ventures, R Mall Developers, and Histyle Retail. As of August end, the company's outstanding debt stood at ₹3,304 crore, with interest rates ranging from 7.10% to 12.91%.
Founded in 1978, Runwal Realty has completed 35 projects spread over 11.22 million square feet across residential, commercial, and retail segments. Currently, the company is developing 9.54 million square feet across 17 ongoing projects. The upcoming project pipeline is robust, with 35.15 million square feet of space under 24 upcoming projects in residential, commercial, hospitality, and retail segments. These projects are spread across key locations in the Mumbai Metropolitan Region and Pune property markets, catering to ultra-luxury to mid-income categories.
In addition to its nearly fully occupied commercial office and retail properties, Runwal Realty is expanding into the hospitality segment. The company is planning to develop three upcoming hotels in Worli, Thane, and Pune under management contracts. This strategic move is aimed at diversifying its portfolio and tapping into the growing hospitality market.
Runwal Realty's IPO is a significant step towards solidifying its position in the real estate market and fueling its expansion plans. The company's strong track record and diverse project portfolio position it well to attract investor interest and achieve its financial goals.
Frequently Asked Questions
What is the total amount Runwal Realty aims to raise through its IPO?
Runwal Realty aims to raise up to ₹2,000 crore through its IPO.
How much of the IPO proceeds will be used for fresh issuance?
Up to ₹1,700 crore of the IPO proceeds will be used for fresh issuance.
What is the purpose of the pre-IPO placement, and how much can it be?
The pre-IPO placement, if undertaken, can aggregate up to ₹340 crore and will not exceed 20% of the fresh issue size.
What are the main uses of the funds raised from the IPO?
The funds will be used for the part or full prepayment and repayment of outstanding borrowings and for general corporate purposes.
How many projects has Runwal Realty completed, and what is the total area?
Runwal Realty has completed 35 projects spread over 11.22 million square feet across residential, commercial, and retail segments.
Related News Articles
Retail Revolution: India's Retail Space Expected to Boom by 50%
The top seven cities in India, including Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai, are projected to witness a surge in retail space, with Delhi NCR leading the charge.
Insolvency Proceedings Initiated Against Jaiprakash Associates by NCLT
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Jaiprakash Associates, a leading real estate developer, following a plea by ICICI Bank.
Whiteland Corp Partners with Marriott International for Luxurious Housing Project in Gurgaon
Real estate developer Whiteland Corporation has signed an agreement with Marriott International to bring Westin Residences to Gurgaon, offering a luxurious housing project with hotel-inspired lifestyle
New LTCG Rules Bring Relief to Homeowners, Boost Real Estate Stocks
The Finance Minister's decision to amend the LTCG rules has brought cheer to homeowners and boosted real estate stocks. Here's what it means for you.
Shaping Urban India: The Evolution of Real Estate Since Independence
India's real estate sector has played a pivotal role in shaping urban development since independence. With the urban population growing from 62 million in 1947 to over 485 million today, the sector has undergone significant transformations.
Mumbai Police Arrests Conman Who Duped Real Estate Developer of ₹4 Crore and 3.5Kg Gold
Worli police apprehended Dhirendra Chandrakant Shukla, a wanted real estate agent, for duping Avighna Group of Rs2 crore and 3.5kg gold by promising a vacant plot in Worli for development.