Runwal Developers Files Rs 20 Billion IPO To Cut Debt

07 Oct 2025 CW Team

Runwal Developers, the Sandeep Runwal-promoted real estate firm, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth Rs 20 billion, aimed at reducing its debt burden and funding growth plans.

The Mumbai-based developer intends to raise Rs 17 billion through the issue of fresh shares, while promoter Sandeep Subhash Runwal will offload shares worth Rs 3 billion via an offer-for-sale (OFS).

As part of the fresh issue component, the company may also consider raising up to Rs 3.4 billion in a pre-IPO placement ahead of the public offer.

Incorporated in 1988, Runwal Developers has a diversified portfolio of residential, commercial, and retail projects across the Mumbai Metropolitan Region (MMR) and Pune. According to its draft red herring prospectus (DRHP) filed on 30 September, the company plans to utilise Rs 13 billion from the IPO proceeds to repay borrowings of the company and its subsidiaries, with the balance allocated for general corporate purposes.

As of August 2025, the company’s total outstanding borrowings stood at Rs 33.05 billion. Runwal Developers has completed 35 projects, with 17 ongoing and 24 upcoming developments, representing a total developable area of 23.93 million square feet across MMR and Pune as of June 2025.

Financially, the company reported a profit of Rs 1.37 billion in the fiscal year ending March 2025, marking a sharp 88.6 per cent decline from Rs 12.04 billion the previous year, which had included an exceptional gain of Rs 11.59 billion. Revenue, however, surged 115.6 per cent to Rs 11.63 billion in FY2025, up from Rs 5.39 billion in FY2024.

The IPO will be managed by ICICI Securities, BOB Capital Markets, IIFL Capital Services, and JM Financial, serving as the book-running lead managers.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..