+
Runwal Developers Files Rs 20 Billion IPO To Cut Debt
Real Estate

Runwal Developers Files Rs 20 Billion IPO To Cut Debt

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.

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. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code