Runwal Developers Ltd IPO

Prominent real estate development company with a focus on lifestyle development across a diversified portfolio of residential, commercial and organized retail projects across MMR and Pune.

Ability to create unique assets across commercial and organized retail segments.

Robust pipeline of projects providing visibility of cash flows.

Established brand with a legacy of design innovation and lifestyle-oriented development leading to premium pricing and ability to sell throughout construction phase.

A majority of its real estate development activities are geographically concentrated in the Mumbai Metropolitan Region ("MMR") and Pune. Varying market conditions in MMR and Pune may affect our ability to sell units in the company's Residential Projects or lease our commercial, retail and hospitality spaces, which in turn may adversely affect its business, results of operations, financial condition and cash flows.

As of June 30, 2025, the company is in the process of developing 17 residential Ongoing Projects and 15 residential Upcoming Projects, four commercial Upcoming Projects, two organized retail Upcoming Projects and three hospitality Upcoming Projects. The company's inability to complete such projects by their respective expected completion dates or at all could have an adverse effect on its business, reputation, results of operations, financial condition and cash flows.

The company's business is capital intensive and is therefore dependent on the availability of real estate financing which may not be available on terms acceptable to the company in a timely manner or at all, which could have an adverse effect on its business, results of operations, financial condition and cash flows.

Significant increase in prices or shortage of or delay or disruption in supply of construction materials and the lack of long-term purchase orders or commitments from suppliers could adversely affect its construction cost and timelines.