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Runwal Enterprises IPO Review

Runwal Enterprises IPO has been reviewed by 13 analysts, and the overall consensus is May Apply — carrying a score of 66. Out of the 13 analysts who have covered this IPO, 7 recommend subscribing while 6 advise caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹290-305 per share, with a minimum application size of 49 shares (minimum investment of approximately ₹14,945 at the upper band). Subscription ran from 25 Sep 2026 to 29 Sep 2026. The issue size is ₹500 crore, entirely a fresh issue. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
66/ 100
May Apply 7 of 13 recommend subscribing
How analysts voted
Apply 7
Neutral 4
Avoid 2
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Runwal Enterprises is a Mumbai real estate developer across affordable, mid-income and luxury housing, with 28 ongoing and 33 upcoming projects. The notes rank it third in Mumbai by launches and sales. FY26 profit rose to ₹185.76 crore from ₹55.65 crore, though revenue has been lumpy. Of the twelve analysts, seven said subscribe, three stayed neutral, one said avoid and one gave no rating.

Listing gains

At ₹305 the notes put the market cap near ₹4,507 crore and the P/E between about 18 and 24 times FY26 earnings; the range comes from pre- versus post-issue EPS. EV/EBITDA estimates vary more widely, from 14 to 25 times. Listed peers average about 39 times. Most notes see a discount to peers, while the avoid call rests on leverage, which pointed to a moderate listing.

Short-term strategy

Most of the ₹500 crore fresh issue goes to repaying debt, directly and through subsidiaries, with the rest for future project acquisitions. Borrowings stood at ₹2,909 crore in FY26, and one note puts debt-to-equity at 2.09 times even after the issue. Operating cash flow was negative in each of the last three years. The neutral notes prefer to track a few quarters after listing.

Long-term strategy

Analysts credit a brand dating to 1978, leadership in the Eastern Suburbs and Kalyan-Dombivli, and a large pipeline that gives cash-flow visibility. The risks are concentration: about two-thirds of projects are in Mumbai, and one tentative project makes up around 43% of the upcoming pipeline. The long-term subscribe calls depend on turning that pipeline into sales while bringing debt down.

How this is written: an AI-assisted summary of the 15 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Runwal Enterprises IPO?

The analyst consensus for Runwal Enterprises IPO tracked on this page is May Apply, with a score of 66/100. Out of 13 analysts who have reviewed this IPO, 7 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 66 mean for Runwal Enterprises IPO?

The score of 66 is an aggregate of all analyst ratings tracked for Runwal Enterprises IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Read the individual analyst verdicts above for more context.

What was the actual listing price of Runwal Enterprises IPO?

Runwal Enterprises IPO listed on October 5, 2026 at ₹305, against the issue price of ₹305 — a gain of +0% (₹0 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Runwal Enterprises IPO?

Runwal Enterprises IPO was priced at ₹290-305 per share. The minimum lot size is 49 shares, making the minimum investment approximately ₹14,945 at the upper end of the price band. Subscription ran from 25 Sep 2026 to 29 Sep 2026.

Explore Runwal Enterprises IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Runwal Enterprises IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
May Apply
Score
66 / 100
Listed at
₹305
Full IPO details
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