Runwal Enterprises, the Mumbai-based developer promoted by Subodh Runwal, has secured the SEBI approval to launch a ₹1,000-crore IPO, entirely through a fresh equity issue.

The proceeds will support expansion across the city’s residential and commercial markets while strengthening the balance sheet, marking the company’s entry into capital markets amid buoyant housing demand.

The issue will be a fresh equity offering without any offer-for-sale component, and will be listed on both the BSE and NSE.

The developer plans to use the proceeds to expand its footprint across Mumbai’s residential and commercial markets while reinforcing its balance sheet. The IPO structure includes a reservation for eligible employees, who will receive a subscription discount, and allows for a pre-IPO placement of up to Rs200 crore.

Runwal Enterprises has built a diversified portfolio over four decades, evolving from affordable housing into premium and luxury developments. It has also ventured into retail, commercial, and educational infrastructure, with a strong presence in key submarkets like Kalyan-Dombivli.

The company’s recent performance reflects robust growth, with significant gains in revenue and profitability. The IPO will be managed by ICICI Securities and Jefferies India, with MUFG Intime India as registrar.

With this move, Runwal joins a wave of Mumbai-based developers tapping capital markets amid record housing demand and rising investor interest in the sector.