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Runwal Enterprises Shares Make Muted Market Debut

Runwal Enterprises Shares Make Muted Market Debut
Runwal Enterprises shares make muted market debut · thehindubusinessline.com

Runwal Enterprises is a company that builds homes in different price ranges.

It recently sold shares to the public for the first time.

The shares were priced at ₹305 each.

On Monday, they began trading just above that price on the BSE and at the same price on the NSE.

Later, the BSE price fell below the IPO price.

Investors had asked for 2.5 times as many shares as were offered.

The company plans to use the money raised to repay debt and support future projects, among other purposes.

Key facts

BSE listing price
₹306, 0.32% above the ₹305 issue price
NSE listing price
₹305, equal to the issue price
Later BSE price
₹295.15, down 3.22%
IPO subscription
2.5 times on the final bidding day
IPO price band
₹290–₹305 per equity share
Fresh issue size
Up to ₹500 crore
Use of proceeds
Debt repayment, future real estate projects and general corporate purposes

Sources

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