As per the Draft Red Herring Prospectus dated September 30, 2025.
| Company Name and CIN | Runwal Developers Limited (Runwal Realty) CIN: U70100MH1988PLC046631 |
|---|---|
| Promoter | Sandeep Runwal |
| DRHP Filed | 30 Sep 2025 |
| Issue Structure | 100% book-built offer comprising a fresh issue of equity shares aggregating up to ₹1,700 crore and an offer for sale of equity shares by the promoter selling shareholder (Sandeep Subhash Runwal) aggregating up to ₹300 crore, for a total of up to ₹2,000 crore. Face value of ₹1 per equity share. Proposed to be listed on BSE Limited and National Stock Exchange of India Limited. |
| Book Running Lead Managers | ICICI Securities Limited BOB Capital Markets Limited IIFL Capital Services Limited (formerly known as IIFL Securities Limited) JM Financial Limited |
| Registrar | MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) |
Disclaimer Note: Runwal Developers Limited, operating under the brand Runwal Realty, is a separate legal entity and is not affiliated with the listed company Runwal Enterprises Limited, promoted by Mr. Subodh Runwal.
Audit Committee
| Sr. No. | Name of Director | Designation | Designation in the committee |
|---|---|---|---|
| 1 | Bhavesh Rasiklal Vora | Independent Director | Chairperson |
| 2 | Rupal Vora | Independent Director | Member |
| 3 | Yogesh Bafna | Executive Director and Chief Financial Officer | Member |
Nomination and Remuneration Committee
| Sr. No. | Name of Director | Designation | Designation in the committee |
|---|---|---|---|
| 1 | Rupal Vora | Independent Director | Chairperson |
| 2 | Bhavesh Rasiklal Vora | Independent Director | Member |
| 3 | Hassan Anantharamaiah Visweswara | Chairman and Non-Executive Director | Member |
Stakeholders’ Relationship Committee
| Sr. No. | Name of Director | Designation | Designation in the committee |
|---|---|---|---|
| 1 | Bhavesh Rasiklal Vora | Independent Director | Chairperson |
| 2 | Santkumar Pandey | Executive Director | Member |
| 3 | Yogesh Bafna | Executive Director and Chief Financial Officer | Member |
Corporate Social Responsibility Committee
| Sr. No. | Name of Director | Designation | Designation in the committee |
|---|---|---|---|
| 1 | Sandeep Subhash Runwal | Managing Director | Chairperson |
| 2 | Rupal Vora | Independent director | Member |
| 3 | Santkumar Pandey | Executive Director | Member |
Risk Management Committee
| Sr. No. | Name of Director | Designation | Designation in the committee |
|---|---|---|---|
| 1 | Sandeep Subhash Runwal | Managing Director | Chairperson |
| 2 | Bhavesh Rasiklal Vora | Independent Director | Member |
| 3 | Yogesh Bafna | Executive Director and Chief Financial Officer | Member |
Name: Charu Patki (Company Secretary and Compliance Officer)
Address: Runwal & Omkar Esquare, 5th floor, Off Exp Highway, Opp Sion Chunabhatti Signal, Sion (E), Mumbai, Maharashtra, India, 400022
Telephone: 022 – 61133000
Email Id: cs@runwal.com
Name: MUFG Intime India Private Limited (formerly known as ‘Link Intime India Private Limited’)
Address: C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India.
Investor Grievance E-mail: runwaldevelopers.ipo@in.mpms.mufg.com
Telephone: + 91 810 811 4949
Website: www.in.mpms.mufg.com
The erstwhile Runwal Group no longer exists as a single entity. Since 2016, the business has operated as two separate and independent companies — Runwal Realty (Runwal Developers Limited), led by Sandeep Runwal, and the listed entity Runwal Enterprises, led by Subodh Runwal.
Any IPO or capital-raising activity undertaken by Runwal Enterprises is independent of Runwal Realty and has no association with or bearing on Runwal Realty.
No. Runwal Developers Limited (Runwal Realty) led by Mr. Sandeep Runwal is not listed on BSE or NSE yet. The company filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) on 30 September 2025 for a proposed initial public offering of equity shares of face value ₹1 each, to be listed on BSE and NSE. Any share price or market capitalization shown online under the Runwal name refers to Runwal Enterprises Limited, a separate company led by Mr Subodh Runwal.
No. They are two different companies with two different public offers. The Runwal Enterprises IPO relates only to Runwal Enterprises Limited, whose promoter is Subodh Subhash Runwal and whose shares are listed on BSE and NSE in October 2026. The proposed IPO of Runwal Developers Limited (Runwal Realty), whose promoter is Sandeep Subhash Runwal, is a separate offer. The two companies are not affiliated to each other and shares of one company do not represent ownership in the other.
The Draft Red Herring Prospectus of Runwal Developers Limited is available on the SEBI website. Official updates on the offer will appear on the BSE and NSE websites and on runwalrealty.com, which is the company website named in the filing.
Look for the company name Runwal Developers Limited. Runwal Realty's proposed IPO is being made by Runwal Developers Limited, and its promoter is Sandeep Subhash Runwal. Any news report, broker alert or application link that names Runwal Enterprises Limited refers to a different company.
From 2016 onwards, the erstwhile Runwal Group has operated as two independent entities — Runwal Realty, led by Mr. Sandeep Runwal and Runwal Enterprises, led by Mr. Subodh Runwal — each with its own distinct leadership, identity, and strategic direction.
Founded by Mr. Subhash Runwal in 1978, the Runwal name has been built on a legacy of trust, quality, design excellence, and a deeply customer-first philosophy. Today, that legacy continues independently through both companies.
Runwal Realty under the leadership of Managing Director, Mr. Sandeep Runwal, is one of India’s leading luxury and lifestyle real estate developers, with over 35 delivered projects across key locations in the MMR and Pune regions. Beyond residential developments, the company has built a diversified platform spanning retail, commercial, and hospitality, including landmark assets such as R City Mall in Ghatkopar and R Square in Andheri. Its upcoming hospitality portfolio across Worli, Thane, Pune, and Alibaug further strengthens its mixed-use development expertise.
Runwal Realty is a prominent real estate player in MMR & Pune, renowned for crafting luxury high-rise residences and landmark mixed-use developments at scale. The key residential projects include Runwal Malabar, Runwal Residence, Runwal Reserve and Runwal Raaya in South Mumbai, Runwal Auris and Runwal Elegante in the Western suburbs, Runwal One in Thane, and Runwal The Central Park in Pune. Explore all ongoing projects here.
No, Runwal Garden City in Dombivli, along with Runwal Bliss and Runwal Avenue in Kanjurmarg, are not residential projects developed by Runwal Realty. Only the Runwal Garden City project in Thane is a project of Runwal Realty.
Runwal Group Transitions into Two Independent Groups —
Runwal Realty and Runwal Enterprises
From 2016 onwards, the Group has operated as two distinct entities — Runwal Realty and Runwal Enterprises — each with its own leadership, identity, and strategic direction.
For nearly five decades, the Runwal name has stood for integrity, quality, and a deeply customer-first philosophy. Founded by Mr. Subhash Runwal in 1978, the Group built its legacy on trust, design excellence, and the belief that every family deserves a home designed to last for generations.
Today, that legacy continues through two independent companies, each charting its own path for the future.
Runwal Realty, led by Mr. Sandeep Runwal, has emerged as one of India's leading luxury and lifestyle real estate developers, with over 35 delivered projects across some of the MMR & Pune's most sought-after locations.
Beyond residential developments, the company has built a diversified platform spanning retail, commercial, and hospitality, anchored by landmark assets such as R City Mall in Ghatkopar and R Square in Andheri.
The company's upcoming hospitality portfolio, comprising five hotels across Worli, Thane, Pune, and Alibaug, further deepens its mixed-use development expertise, which has long been central to its growth strategy.