Runwal Developers files ₹2,000 crore IPO with Sebi
Runwal Developers, a real estate company based in Mumbai, just filed for a ₹2,000 crore IPO with Sebi.
The plan? Raise funds through a fresh issue of ₹1,700 crore and an offer for sale worth ₹300 crore from promoter Sandeep Subhash Runwal.
Known for building homes and commercial spaces around Mumbai and Pune since 1988, the company is looking to expand its reach.
Proceeds to go toward debt repayment and business needs
Most of the IPO cash will go toward paying off debt and general business needs. There's also talk of a pre-IPO placement (up to ₹340 crore), which could shrink the main offer size.
As of June 2025, Runwal has wrapped up 35 projects and is working on 17 more—with another 24 in the pipeline.
In FY25, they posted revenues of ₹1,163 crore and a net profit of ₹137.4 crore.
The IPO is being handled by big names like ICICI Securities and JM Financial.