Can Runwal Enterprises IPO deliver long-term growth for high-risk investors?

In an effort to improve its financial health, Runwal Enterprises is set to raise ₹500 crore through a fresh issue primarily aimed at debt repayment. As a result of the upcoming IPO, the stake of the promoter group will diminish, potentially altering their influence over the firm. Concentrating mainly in Mumbai, the company showcases its regional market strength.