Runwal Enterprises Limited Announces IPO
Runwal Enterprises Limited has announced its Draft Red Herring Prospectus (DRHP) for an upcoming IPO. This IPO is a fresh issue of 1000 crores, presenting an opportunity for investors to participate in the growth of a prominent real estate developer.
Company Overview
Runwal Enterprises Limited is a leading real estate developer in Mumbai, specializing in residential, commercial, retail, and educational projects. As of September 30, 2024, the company holds a strong market position, ranking second in Mumbai for new launches and sales between January 2019 and September 2024.
The company’s business model is focused on creating high-quality developments that cater to the evolving needs of its target market. Their major product categories include residential complexes, commercial spaces, retail outlets, and educational institutions.
Key Achievements
Runwal Enterprises Limited has demonstrated impressive sales and collection figures. For H1 FY 2024-25, sales value 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.
Financial Overview
Here s a snapshot of Runwal Enterprises Limited’s financials:
| 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 |
Offer for Sale and IPO Structure
The IPO consists of a fresh issue, with the company planning to raise 1000 crores. The allocation of shares is structured as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on the BSE and NSE.
Lead Managers and Registrar
The lead managers for the Runwal Enterprises Limited IPO are Icici Securities Limited and Jefferies India Private Limited. The registrar is Mufg Intime India Private Limited.
Conclusion
The Runwal Enterprises Limited IPO presents a significant opportunity for investors. Stay tuned for updates on the IPO date and other key details as they are announced. This IPO could be a valuable addition to your investment portfolio.