Indiabulls Share Price in Focus as Real Estate Firm Secures ₹1000 Crore via Convertible Warrant Issuance

Indiabulls Shares to Focus on ₹1,000.07 Crore Fund Raising Proposal

The board of directors at Indiabulls has approved a proposal to raise up to ₹1,000.07 crore through the issuance of convertible warrants on a preferential basis to promoter group entities and non-promoter investors. The decision was made at a meeting held on June 3. The company plans to issue up to 51.55 crore warrants at an issue price of ₹19.40 per warrant, including a premium of ₹17.40 per share. Each warrant will be convertible into one fully paid-up equity share of the company.

The proposal involves allotting warrants to several entities, including Phanes Limited, Hermes Limited, EBISU Global Opportunities Fund Limited, and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund. Phanes Limited will receive 22.52 crore warrants, while Hermes Limited will be allotted 14.02 crore warrants. EBISU Global Opportunities Fund Limited will be allotted 10 crore warrants, and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund will receive 5 crore warrants. The four investors will subscribe to the entire proposed issue of 51.55 crore warrants.

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The company has scheduled an Extraordinary General Meeting (EGM) on July 2, 2026, through video conferencing and other audio-visual means to seek shareholder approval for the preferential issue. Each warrant can be converted into one fully paid-up equity share and may be exercised in one or more tranches within 18 months from the date of allotment.

Indiabulls stock has been performing well in recent times, rising 23% in 1 month and 142% in 3 months. In the last 1 year, the scrip is up 52%. The company's stock hit its 52-week high of ₹24.47 on June 3, 2026, and touched its 52-week low of ₹8.93 on February 25, 2026.

Indiabulls returned to profitability in the March 2026 quarter, reporting a consolidated net profit of ₹194.26 crore compared with a net loss of ₹164.17 crore in the corresponding quarter last year. The company's total income also witnessed strong growth, rising to ₹418.39 crore in Q4 FY26 from ₹149.15 crore a year earlier. For the full FY26, Indiabulls posted a net profit of ₹346.13 crore against a net loss of ₹272.73 crore in FY25. Total income increased to ₹880.78 crore during the financial year, up from ₹539.95 crore in the previous fiscal.

The company also reported healthy operational performance during FY26, recording sales bookings of ₹2,752 crore. During the year, it sold 909 units covering a total area of 21.6 lakh square feet. Commenting on the results, Divyesh Shah, Executive Director and CEO, said, "FY26 saw meaningful progress with a stronger structure, a focused strategy, and a real estate pipeline that provides visibility into FY27. We also acknowledge the continued support of Sameer Gehlaut, founder and promoter of Indiabulls Limited, whose completion of his warrant subscription of over ₹400 crore last year reflects his confidence in the company he founded twenty-six years ago."

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