Runwal Enterprises Ltd

Incorporated in 2016, Runwal Enterprises Limited is a real estate developer present across the full spectrum of real estate development. The company specializes in residential projects across the affordable, mid-income, and luxury segments, as well as in the development of commercial spaces, retail malls, and educational buildings.As of September 30, 2024, Runwal Enterprises Limited has 15 completed projects, 25 ongoing projects, and 32 upcoming projects. The residential portfolio includes an aggregate Developable Area and Estimated Developable Area of 48.71 million square feet across completed, ongoing, and upcoming projects.In the Eastern Suburbs submarket, the company launched approximately 4,688 units and sold around 4,198 units between January 2019 and September 2024. In the Kalyan-Dombivli submarket, Runwal Enterprises Limited ranked as the top developer in new launches and sales during the same period, launching approximately 16,043 units and selling approximately 11,481 units.Key Business Partners:Financing Partners: IndusInd Bank Limited, Kotak Mahindra Bank Limited, ICICI Bank Limited, and Piramal Capital and Housing Finance LimitedConstruction Company: New Consolidated Construction Company LimitedArchitects: Architect Hafeez Contractor and HBA International LimitedTechnical Consultants: Mahimtura Consultants Private LimitedAs of September 30, 2024, Runwal Enterprises Limited (including its subsidiaries) had 791 permanent employees.

Runwal Enterprises Ltd proposes to utilise the net proceeds from the Issue for the following objects: