Runwal Enterprises eyes stronger balance sheet with ₹500-crore IPO

•Runwal Enterprises is launching a ₹500-crore IPO on September 25 to strengthen its balance sheet and access capital markets.

•The IPO price band is ₹290-305 per equity share, valuing the company at ₹4,507.6 crore at the top of the band.

•Proceeds will be used to repay borrowings, invest in subsidiaries, fund acquisitions, and general corporate purposes.

•The company aims to reduce its net debt-to-equity ratio to 2 times after the IPO.