Trilegal advises Runwal Enterprises on ₹500 crore IPO

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Runwal Enterprises operates across the full spectrum of real estate development through itself, its subsidiaries, joint ventures and an associate

By BL Mumbai Bureau

Updated - October 15, 2026 at 10:29 PM.

ICICI Securities Limited and Jefferies India Private Limited acted as book running lead managers for the offering.

Mumbai-based real estate developer Runwal Enterprises Limited (REL) has completed an initial public offering aggregating to approximately ₹500 crore, with law firm Trilegal serving as legal advisor on the transaction. The issue comprised a fresh issue of 16,398,962 equity shares with a face value of ₹2 each.

The company intends to use the IPO proceeds to repay or prepay, in full or in part, certain borrowings availed by REL and its subsidiaries.

REL operates across the full spectrum of real estate development through itself, its subsidiaries, joint ventures and an associate. The group develops residential projects spanning affordable, mid-income and luxury segments, as well as commercial spaces, retail malls and educational buildings. It holds a significant presence in Mumbai and counts HDFC Capital Affordable Real Estate Fund-3, Japan’s Nishi-Nippon Railroad Co Ltd, Genkai Capital Secured Investment Pte Ltd and Nexus Realty Trust among its investors.

ICICI Securities Limited and Jefferies India Private Limited acted as book running lead managers for the offering.

Trilegal’s capital markets team on the deal was led by Partners Richa Choudhary and Maitreya Rajurkar, supported by Senior Associate Pooja Tada and Associates Yug Gambhir, Siddhant Mishra, Samruddhi Varma, Shreyansh Gupta and Arnab Goswami. Partner Sai Krishna Bharathan provided strategic inputs.

Trilegal is a full-service Indian law firm with offices across seven cities, including Mumbai, Delhi and Bengaluru.

Published on October 5, 2026

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