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Mumbai developer Runwal Developers seeks ₹2,000 crore IPO to repay debt and fund operations.
Mumbai-based real estate developer Runwal Developers has filed its Draft Red Herring Prospectus with SEBI for a proposed Rs 2,000 crore IPO, comprising a Rs 1,700 crore fresh issue and a Rs 300 crore offer for sale by promoter Sandeep Subhash Runwal.
The fresh issue proceeds, up to Rs 1,300 crore, will primarily repay debt, with the remainder for general corporate use.
The company, founded in 1988, reported Rs 1,163 crore in revenue and Rs 137.4 crore in net profit for FY2025.
The IPO, subject to regulatory approval and market conditions, will be managed by ICICI Securities, BOB Capital Markets, IIFL Capital Services, and JM Financial.
El desarrollador de Mumbai Runwal Developers busca una OPI de ₹ 2,000 crore para pagar la deuda y financiar las operaciones.