Real estate firm Runwal Developers has received regulatory approval from Sebi to raise capital through an initial public offering, according to an update released by the market regulator on Friday.
As part of this development, Runwal Developers plans to raise ₹2,000 crore through its maiden public issue. Specifically, the offering will comprise a fresh issue of equity shares worth ₹1,700 crore, along with an offer for sale (OFS) of ₹300 crore by promoter Sandeep Subhash Runwal, as detailed in the draft red herring prospectus (DRHP).
Furthermore, the company intends to utilise the proceeds from the fresh issue primarily to repay outstanding debt availed by Runwal Developers and its subsidiaries. In addition, the remaining funds will support general corporate purposes, thereby strengthening the real estate company’s financial flexibility and balance sheet.
Notably, the Sebi approval marks a critical milestone in Runwal Developers’ capital market journey and reflects the company’s readiness to access public funding. The proposed IPO plans to enhance the developer’s ability to pursue future growth opportunities while reducing leverage.
Overall, the regulatory clearance positions Runwal Developers to advance toward a successful public listing. By combining debt reduction with long-term capital strengthening, the planned IPO is likely to support sustainable growth, improve financial stability, and reinforce investor confidence as the company enters the public markets.
