01 Oct 2026
Deal: Trilegal advised Runwal Enterprises on its IPO aggregating to ~INR 5,000 million
05 Oct 2026
05 Oct 2026
Trilegal advised Runwal Enterprises Limited (REL) on its initial public offering (IPO) aggregating to ~INR 5,000 million. The issue comprised a fresh issue of 16,398,962 equity shares of face value INR 2 each.
REL, through itself, it’s 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.
REL Group is also backed by marquee investors including, HDFC Capital Affordable Real Estate Fund – 3, Nishi-Nippon Railroad Co. Ltd, Genkai Capital Secured Investment Pte. Ltd and Nexus Realty Trust.
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.
The Trilegal 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.
Trilegal’s Partner, Sai Krishna Bharathan, provided strategic inputs on the transaction.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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