According to a regulatory filing dated June 3, 2026, Indiabulls Ltd has approved raising funds of up to ₹1,000.07 crore through the issuance of convertible warrants on a preferential allotment basis. The board cleared the issuance of up to 51.55 crore warrants convertible into an equal number of fully paid-up equity shares at an issue price of ₹19.40 per share, including a premium of ₹17.40. The warrants will be issued to promoter group and non-promoter entities under a private placement structure, with each warrant convertible into one fully paid-up equity share that may be exercised in one or more tranches within 18 months from the date of allotment. This fundraising represents a decisive step as Indiabulls transitions from a restructuring phase into an aggressive growth cycle, with the warrant pricing strategically positioned at ₹19.40 close to recent trading levels.
As reported by CNBC TV18, Phanes Ltd, a promoter group entity, will subscribe to 22.52 crore warrants, while Hermes Ltd will subscribe to 14.02 crore warrants. Among non-promoter entities, EBISU Global Opportunities Fund Ltd will receive 10 crore warrants, and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund will receive 5 crore warrants. The board has also approved convening an extraordinary general meeting on July 2, 2026, through video conferencing or other audiovisual means for seeking shareholders' approval of the preferential issue. Together, the four investors will subscribe to the entire proposed issue of 51.55 crore warrants.
According to regulatory filings reported by CNBC TV18, Indiabulls Ltd has reported a net profit of ₹194.26 crore for the quarter ended March 2026, compared to a net loss of ₹164.17 crore in the year-ago period. Total income more than doubled to ₹418.39 crore in the fourth quarter of 2025-26 fiscal from ₹149.15 crore in the corresponding period of the preceding year. During the 2025-26 financial year, the net profit stood at ₹346.13 crore as against a net loss of ₹272.73 crore. Total income jumped to ₹880.78 crore in the last fiscal from ₹539.95 crore in 2024-25 financial year. The company also reported healthy operational performance during FY26, recording sales bookings of ₹2,752 crore with sales of 909 units covering 21.6 lakh square feet.
According to latest market data, Indiabulls shares closed at ₹24.47 in the previous trading session, hitting a 52-week high of ₹24.47 on June 3, 2026. The stock has shown exceptional performance with a 142% gain in the last 3 months and 142% rally in the past month. The share touched a 52-week low of ₹8.93 on February 25, 2026. Currently, the stock is trading 171.78% above its 52-week low and 52% higher in the last 12 months. The company's market capitalisation stands at ₹5,641.28 crore as of the latest trading session. The ₹1,000 crore warrant issue is expected to trigger positive sentiment in the real estate and mid-cap finance sectors, with the infusion providing immediate growth capital for a real estate pipeline valued at over ₹2,700 crore in sales bookings.
