Runwal Enterprises sold 48.83 lakh shares at ₹305 each, netting ₹500 crore from the first‑day trading—its upper price band hit on the launch day.
Tata Mutual Fund led the anchor book with 13.11 lakh shares for ₹40 crore, followed by Maybank Securities with 8.19 lakh shares at ₹25 crore and Authum Investment and Infrastructure taking 6.44 lakh shares worth ₹19.6 crore; the remaining anchor investors included 360 ONE WAM, Sanshi Fund, Founders Collective Fund, Capri Global Capital, Ashika Global Finance and LRSD Securities.
FY26 saw Runwal’s consolidated sales value jump 24% to ₹2,353.5 crore, while the average selling price slipped from ₹11,754 to ₹11,366 per sq ft. The developer expanded its saleable area to 2.07 million sq ft from 1.62 million last year.
The company earmarked ₹100 crore of the net fresh issue proceeds to eliminate ₹431.4 crore of outstanding borrowings, and an additional ₹225 crore will go to its subsidiaries, Runwal Residency and Evie Real Estate, to pay down their respective debt of ₹286.5 crore and ₹356.4 crore. Remaining proceeds will finance future project acquisitions and general corporate use.
SBI Securities issued a neutral rating, noting a 4.4 million sq ft sales traction in FY24‑FY26 and gross collections of ₹1,855 crore, but flagged negative operating cash flows and Mumbai concentration risks. Anand Rathi rated the issue as subscribe for long term, citing a robust pipeline of 76.3 million sq ft and integrated execution but cautioned on execution risk.
The next milestone is the release of FY27 Q1 results, expected on 30‑Jan‑2027, where analysts will gauge the impact of debt repayment on cash flow and the pace of new acquisitions.