Runwal Enterprises Limited IPO is fully book build issue and total IPO size is ₹1000 crores. The entire share offering is a fresh issue worth ₹1000.00 crores.
The dates for the Runwal Enterprises Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Runwal Enterprises Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Runwal Enterprises Limited IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Runwal Enterprises Limited IPO are Icici Securities Limited, Jefferies India Private Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | ₹1,000.00 Crores |
| Fresh Issue | ₹1,000.00 Crores |
| Issue Type | Fresh Issue |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
About Runwal Enterprises Limited Company
Runwal Enterprises Limited is a prominent real estate developer with a strong presence in Mumbai, specializing in residential, commercial, retail, and educational projects. As of September 30, 2024, the company ranks second in Mumbai for new launches and sales between January 2019 and September 2024.
The company's operational performance showcases robust sales and collections. For Runwal Enterprises Limited (Proforma), sales value for H1 FY 2024-25 reached INR 87.55 crore, with gross collections of INR 85.67 crore. Launches amounted to 0.56 million square feet, and deliveries stood at 0.51 million square feet, with an average sale price of INR 8,256.74 per square foot.
Financially, Runwal Enterprises Limited (Proforma) reported revenue from operations of INR 40.52 crore and an Adjusted EBIDTA of INR 15.24 crore for H1 FY 2024-25. The total equity was INR 68.94 crore with a net debt of INR 259.36 crore. The company's portfolio includes 15 completed projects, 25 ongoing projects, and 32 upcoming projects as of September 30, 2024.
Runwal Enterprises Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 7002.81 | 6240.48 | 5250.74 | 3898.08 |
| Revenue | 310.81 | 707.72 | 234.66 | 63.19 |
| Profit After Tax | 25.53 | 107.28 | -6.74 | -50.99 |
| Net Worth | 672.54 | 646.97 | 540.49 | 393.46 |
| Reserves and Surplus | 634.10 | 606.21 | 498.36 | 401.96 |
| Total Borrowing | 1497.83 | 1205.63 | 1228.23 | 1574.51 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 8.69 | 26.69% | 32.55 | 1.68 | N/A | N/A |
Offer Objectives
This document outlines the shareholding pattern of the company and the intended use of proceeds from a Fresh Issue. As of the date of the draft prospectus, the promoter and promoter group held 12,503.75 million shares, representing 99.99% of the total shares. Public shareholders held 12,505 shares, accounting for 0.01%. Subodh Subhash Runwal holds 10,628.18 million shares, which is 84.99% of pre-issue equity.
The Fresh Issue is planned to raise up to ₹10,000 million (₹1,000 crore). The company intends to use ₹2,000 million (₹200 crore) for repayment/prepayment of outstanding borrowings and ₹4,500 million (₹450 crore) for investment in its subsidiaries, Susneh Infrapark Private Limited, Runwal Residency Private Limited, and Evie Real Estate Private Limited to repay/prepay their borrowings. The remaining funds will be allocated to future real estate project acquisitions and general corporate purposes.
The amount allocated for acquisitions and general corporate purposes will not exceed 35% of the Gross Proceeds, with neither individually exceeding 25%. The company may also consider a Pre-IPO Placement of up to ₹2,000 million (₹200 crore), which will be reduced from the general corporate purposes portion of the issue.
As of January 31, 2025, the company's outstanding borrowings were ₹2,355.15 million (₹235.515 crore). The proposed schedule of deployment indicates that ₹2,000 million (₹200 crore) will be allocated to repayment of company borrowings and ₹4,500 million (₹450 crore) will be invested in subsidiaries in Fiscal Year 2026.
Company Details
Address:
Runwal & Omkar Esquare, 4th floor, Off: Eastern Exp Highway,
Opp Sion Chunabhatti signal, Sion -(E), Mumbai City,
Mumbai, Maharashtra, India, 400022
Phone: +91 22 6116 2422
Email: [email protected]
Website: http://www.runwal%20enterprises.com
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 81081 14949
Email: [email protected]
Website: http://www.in.mpms.mufg.com
Offer Prospectus & Documents
Lead Managers
- ICICI Securities Limited
- Jefferies India Private Limited
