Indiabulls Real Estate Raises ₹1000 Crore: Share Price Soars to 52-Week High

Real estate firm Indiabulls has witnessed a significant rise in its share price, climbing around 4% to its 52-week high. This surge follows the company's board approval for a proposal to raise up to ₹1,000.07 crore through the issuance of convertible warrants. The decision was made during a board 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 Indiabulls.

The Board of Directors has approved the raising of funds up to an aggregate of ₹1000,07,00,000 through the issuance of up to 51,55,00,000 warrants, convertible into an equivalent number of fully paid-up equity shares. The warrants can be converted into equity shares within 18 months from the date of allotment.

Among the promoter group entities, Phanes Limited will be allotted 22.52 crore warrants, while Hermes Limited will receive 14.02 crore warrants. On the non-promoter side, 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. Together, these four investors will subscribe to the entire proposed issue of 51.55 crore warrants.

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.

The Indiabulls stock has shown strong performance, rising as much as 3.7% to its day's high of ₹25.18 per share on BSE, reaching its 52-week high. The stock had touched its 52-week low of ₹8.93 on February 25.

The real estate stock has been on a positive trajectory, increasing 23% in the past month and 142% in the past three months. Over the last year, the stock has appreciated by 52%.

Indiabulls returned to profitability in the March 2026 quarter, reporting a consolidated net profit of ₹194.26 crore compared to a net loss of ₹164.17 crore in the corresponding quarter of the previous year. The company's total income also saw robust growth, rising to ₹418.39 crore in Q4 FY26 from ₹149.15 crore in the same period last year.

For the full fiscal year 2026, Indiabulls posted a net profit of ₹346.13 crore, up from a net loss of ₹272.73 crore in FY25. Total income increased to ₹880.78 crore during the fiscal 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.”

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.