Runwal Ent IPO: Concentration risk, poor cash flows keep experts 'neutral'
State Bank of India secured new business in an ipo & listings development.
25 Sept 2026 · Business Standard Mkts
Runwal Enterprises IPO review: SBI Securities has assigned a 'Neutral' rating, citing negative operating cash flows over the last three years.
The analysis
Against that, the stock is -1.1% on the day at ₹948.10, and has returned -8.7% over three months. It sits 23% below its 52-week high. The banks sector has moved -4.0% over the same period, so State Bank of India is running 4.7 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
In this story
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