Runwal Enterprises (RE) closed a ₹149 crore anchor deal, allotting 4,883,605 equity shares at ₹305 each before its public issue opens on September 25, 2026. The board finalized the allocation on September 24 in consultation with ICICI Securities and Jefferies India, marking a significant step toward the company’s ₹500 crore IPO target.
Anchor investors include Tata Mutual Fund, 360 One Prime, Maybank Securities, Authum Investment and Infrastructure, Sanshi Fund-I, Founders Collective Fund, Capri Global Capital, Ashika Global Finance and LRSD Securities. Tata Dividend Yield Fund and Maybank Securities Pte. Ltd.-ODI led the way with 8,19,623 and 8,19,574 shares respectively, each at ₹305. A domestic mutual fund captured 13,11,436 shares (26.85%) through two schemes, while Authum Investment and Infrastructure received 6,44,254 shares.
The IPO price band is ₹290-305, enabling a maximum raise of ₹500 crore through the public issue. The minimum bid is 49 shares, and multiples of 49 are accepted. This size is half of the earlier ₹1,000 crore proposal filed in March 2025, reflecting a strategic scale‑down approved by SEBI in August 2025.
Proceeds will be allocated strategically: ₹100 crore of the net fresh issue proceeds will be earmarked to repay ₹431.4 crore of standalone debt, while ₹225 crore will target borrowings of ₹286.5 crore and ₹356.4 crore in the company’s wholly owned subsidiaries, Runwal Residency and Evie Real Estate. The remaining funds will support new real‑estate acquisitions and general corporate purposes.
Runwal Enterprises operates across residential segments—affordable, mid‑income and luxury—within the Indian real‑estate market, a sector that has seen fluctuating demand post‑pandemic. The company’s decision to reduce the issue size and focus debt repayment may appeal to conservative investors amid a cautious real‑estate outlook.