Runwal Enterprises Shares List Flat at ₹305 on NSE

Runwal Enterprises shares made their stock market debut on October 5, 2026, listing at ₹305 per share on NSE, the same as the IPO issue price. On BSE, the shares opened at ₹306, representing a marginal 0.33% premium.

Following the listing, the stock traded at ₹294.90 in the verified morning snapshot, down 3.31% from both the ₹305 issue price and NSE listing price.

The listing followed the company's IPO, which was open from September 25 to September 29, 2026. The ₹500 crore issue received 2.64 times subscription overall. The price band was fixed at ₹290 to ₹305 per share.

Runwal Enterprises is a Mumbai-based real estate developer with projects spanning residential housing, commercial developments, malls and other real-estate formats.

Runwal Enterprises IPO Listing Details

Runwal Enterprises IPO was a ₹500 crore book-building mainboard issue consisting entirely of a fresh issue. There was no offer-for-sale component.

The company issued approximately 1.64 crore fresh equity shares at the upper end of the price band.

The IPO opened on September 25 and closed on September 29, 2026. The price band was ₹290 to ₹305 per share.

The final issue was subscribed 2.64 times overall. QIBs subscribed 4.10 times, NIIs 4.14 times and Individual Investors 1.19 times.

Runwal Enterprises listed at ₹305 on NSE and ₹306 on BSE. The stock subsequently traded at ₹294.90.

• Issue Price: ₹305 per share

• NSE Listing Price: ₹305 per share

• BSE Listing Price: ₹306 per share

• NSE Listing Premium/Discount: Nil

• Trading Price: ₹294.90 per share

• Change From Issue Price: -3.31%

• Overall Subscription: 2.64 times

• Fresh Issue: ₹500 crore

• Offer for Sale: Nil

• Price Band: ₹290 to ₹305 per share

• IPO Open Date: September 25, 2026

• IPO Close Date: September 29, 2026

• Listing Date: October 5, 2026

• Exchange: BSE and NSE

First-Day Trading Performance

Listing Price: Runwal Enterprises share price listed flat at ₹305 on NSE, while the BSE opening price of ₹306 represented a 0.33% premium.

Post-listing price: The stock later traded at ₹294.90, placing it 3.31% below the issue price and NSE listing price.

Subscription context: The IPO received 2.64 times subscription during the September 25-29 bidding period, with QIB and NII subscriptions both above four times.

Growth Drivers and Challenges

Growth Drivers

Mumbai Market Presence: Runwal Enterprises has an established presence across multiple Mumbai residential micro-markets.

Diversified Housing Portfolio: The company operates across affordable, mid-income and luxury housing.

Project Pipeline: Its portfolio includes completed, ongoing and upcoming developments across residential and other formats.

Asset-Light Opportunities: Development arrangements and redevelopment projects can supplement owned-land projects.

Brand Presence: Runwal has operated across Mumbai and the surrounding metropolitan market through multiple projects and developments.

Challenges

Real-Estate Cyclicality: Property demand is sensitive to economic growth, interest rates and consumer affordability.

Project Execution: Delays in approvals, construction or handovers can affect cash flows.

Capital Requirements: Real-estate development remains capital intensive.

Geographic Concentration: A substantial proportion of the company’s activity is concentrated in the Mumbai Metropolitan Region.

Regulatory Exposure: Projects depend on multiple statutory, planning and construction approvals.

Utilisation of IPO Proceeds

The ₹500 crore Runwal Enterprises IPO was entirely a fresh issue.

The company proposes to use the proceeds for repayment or prepayment of certain borrowings, including through investments in subsidiaries for repayment of their borrowings.

Funds are also intended for acquisitions of future real-estate projects and general corporate purposes.

Principal uses include:

• Repayment or prepayment of borrowings

• Investment in subsidiaries for debt repayment

• Acquisition of future real-estate projects

• General corporate purposes

Business and IPO Overview

Runwal Enterprises Limited is a Mumbai-based real estate developer focused primarily on residential projects.

Its portfolio covers affordable, mid-income and premium residential developments, alongside commercial, retail and other real-estate projects.

As of March 2026, the company’s portfolio included completed, ongoing and upcoming developments across Mumbai and surrounding markets.

The IPO raised ₹500 crore entirely through fresh equity and carried a price band of ₹290 to ₹305 per share.

The issue received 2.64 times overall subscription, with NII subscription at 4.14 times and QIB subscription at 4.10 times.

Runwal Enterprises listed flat at ₹305 on NSE and at ₹306 on BSE before trading at ₹294.90 during the morning session.