Runwal Enterprises IPO allotment today on BSE, NSE and registrar — check latest GMP

The latest market report highlights that The share allotment for the Runwal Enterprises IPO is set to be finalised today, September 30. Market participants who applied for the Rs 499.83-crore public offering can check their allotment status through the BSE, NSE or the IPO registrar, MUFG Intime India.

The IPO closed for subscription on September 29 after receiving bids for 3,03,19,681 equity shares against 1,21,11,294 shares on offer, translating into an overall subscription of 2.50 times.

The Qualified Institutional Buyers (QIBs) portion was subscribed 3.89 times, while the Non-Institutional Market participants (NIIs) category was subscribed 3.94 times. The Retail Individual Market participants (RIIs) portion received 1.12 times subscription. The employee portion was subscribed 1.13 times.

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As per the IPO schedule, refunds for market participants who do not receive an allotment are anticipated to begin on October 1, while shares are scheduled to be credited to successful applicants' Demat accounts on the same day. The stock is scheduled to list on the BSE and NSE on October 5.

Step 1. Visit the BSE IPO application status page at https://www.bseindia.com/market participants/appli_check

Step 2. Select Equity as the offering type.

Step 3. Choose Runwal Enterprises Limited from the offering name dropdown.

Step 4. Enter the application number or PAN.

Step 5. Complete the captcha.

Step 6. Click Search to view the allotment status.

1. Go to the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

2. Select Equity & SME IPO bid details.

3. Select RUNWALENTR as the firm symbol.

4. Enter the PAN or application number.

5. Click Submit to check the status.

Step 1. Visit the MUFG Intime IPO application status page at https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2. Select Runwal Enterprises Ltd. – IPO from the firm list.

Step 3. Choose an identification method such as PAN, Application Number, DP/Client ID or Account No./IFSC.

Step 4. Enter the required details.

Step 5. Click Submit to view the allotment status.

According to InvestorGain, the grey market premium (GMP) for the Runwal Enterprises IPO was around Rs 2 on September 30. At the upper end of the IPO price range of Rs 305, this indicates an estimated stock-exchange debut price of around Rs 307, implying a potential premium of 0.66 percent over the offering price.

GMP is an unofficial indicator and is not regulated by the bourses. It can change before the actual stock-exchange debut and does not guarantee the stock-exchange debut price.

The Runwal Enterprises IPO was open for subscription from September 25 to September 29. The price range was set at Rs 290-305 per share, with a lot size of 49 shares. The minimum investment for a retail investor at the upper price range was Rs 14,945.

The book-built offering comprised a fresh offering of around 1.64 crore equity shares, aggregating to approximately Rs 499.83 crore. The firm is not offering an offer-for-sale component.

The firm plans to use part of the IPO proceeds towards repayment or prepayment of certain borrowings. Funds will additionally be deployed towards investments in subsidiaries for repayment or prepayment of their borrowings, as well as funding acquisitions of future real estate projects and general corporate purposes.

The shares of Runwal Enterprises are scheduled to be listed on October 5 on both the BSE and NSE. The IPO timeline provides for allotment finalisation on September 30, refunds on October 1 and credit of shares to Demat accounts on October 1.

Incorporated in February 2016, Runwal Enterprises is a real estate developer with a presence across residential and other real estate segments. Its portfolio includes housing projects spanning affordable, mid-income and luxury segments, along with commercial properties, retail malls and educational buildings.