Mumbai-based real estate developer Runwal Enterprises has halved the size of its proposed public issue and accordingly revised the objectives of the offer.
The Subodh Runwal-promoted company had approached the capital markets in March 2025 by filing a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise up to Rs 1,000 crore through an initial public offering (IPO). The issue comprised entirely of a fresh issue of shares.
The capital markets regulator subsequently approved the company's IPO papers in August 2025, clearing the way for the launch of the public issue.
According to a notice to investors dated September 10, Runwal Enterprises had filed an application with SEBI on August 11 seeking approval to reduce the issue size. The move follows new regulations that allow companies to increase or decrease their fresh issue size by up to 50 percent without refiling the DRHP.
Following SEBI's approval letter dated September 10, Runwal Enterprises has reduced the issue size to Rs 500 crore from the earlier Rs 1,000 crore and disclosed the change through an addendum dated September 11.