Runwal Enterprises IPO
Runwal Enterprises IPO is a mainboard IPO raising ₹500 Cr at ₹290 – ₹305 a share. It listed on 5 Oct 2026 at ₹305, 0.0% against its issue price of ₹305, and trades at ₹206 today (−32.4% since issue). It was subscribed 2.50× in total.
2.5 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. fresh issue stated + OFS by subtraction from exchange total Rs500 Cr. Checked: exchange issue size Rs500 Cr vs derived Rs500 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 46% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Oberoi Realty Limited | 25.88× | 13.99% | ₹68.96 |
| Lodha Developers Limited | 33.42× | 14.73% | ₹34.25 |
| Godrej Properties Limited | 27.53× | 9.61% | ₹61.42 |
| Sunteck Realty Limited | 21.09× | 5.6% | ₹13.94 |
| Keystone Realtors Limited | 56.96× | 3.32% | ₹6.21 |
| Prestige Estates Projects Limited | 51.7× | 8.02% | ₹27.76 |
| Kalpataru Limited | 57.66× | 1.94% | ₹4.76 |
| This issue | 18.2× | 27.24% | ₹16.74 |
derived: cut-off price Rs305 / stated EPS Rs16.74 (FY2026 (year ended March 31, 2026) diluted EPS, restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.