Trilegal and Khaitan & Co advised on Runwal Enterprises’ INR 5,000 million IPO.

Runwal Enterprises Limited proposed an initial public offering aggregating to approximately INR 5,000 million, comprising a fresh issue of 16,398,962 equity shares of face value INR 2 each.

REL, through itself, its subsidiaries, joint ventures and associate (REL Group) is a real estate developer present across the full spectrum of real estate development, specializing in residential projects that cater to affordable, mid-income, and luxury segments, as well as commercial spaces, retail malls and educational buildings. REL Group is a recognized brand in the industry and has a strong presence in Mumbai.

The proceeds from the IPO will be used for repayment / prepayment of full or in part of certain borrowings availed by REL and its subsidiaries.

The syndicate of book running lead managers comprised ICICI Securities Limited and Jefferies India Private Limited.

Trilegal advised Runwal Enterprises Limited (REL) on its initial public offering.

The Capital Markets team advising on the matter was led by Partners Richa Choudhary and Maitreya Rajurkar, and comprised Senior Associate Pooja Tada and Associates Yug Gambhir, Siddhant Mishra, Samruddhi Varma, Shreyansh Gupta and Arnab Goswami.

Partner Sai Krishna Bharathan provided strategic inputs on the transaction.

Khaitan & Co advised the Book Running Lead Managers.

The deal team included Sudhir Bassi, Madhur Kohli, Nagashayana Srinivasaiah, Tharun Vadlapatla, Varun Nair, Rupa Veena S, Shreya Shetty GR and Siddharth Melepurath.