145% Returns In 3 Months! Indiabulls Share Price Touches 52-Week High Mark on Fundraise

Indiabulls Real Estate shares climbed to a fresh 52-week high on 5 June after the board cleared a large fundraising plan. The company will raise up to ₹1,000.07 crore through convertible warrants, triggering sharp interest in the stock and putting both the preferential issue structure and recent financial turnaround under the spotlight.

The stock on BSE gained as much as 3.7% to ₹25.18, the highest level in a year. Indiabulls had hit a 52-week low of ₹8.93 on 25 February, so the latest move extends a strong recovery trend that has seen the real estate counter outperform broader market benchmarks.

Indiabulls share price and warrants issue details

The board approved the fundraising via a preferential issue of up to 51.55 crore warrants at an issue price of ₹19.40 each, including a share premium of ₹17.40. Every warrant will be convertible into one fully paid-up equity share, giving the company flexibility to bring in capital in stages as investors exercise conversions.

In its regulatory communication, the company stated: "The Board of directors... has inter alia, considered and approved the raising of funds upto an aggregate of INR 1000,07,00,000 through issue of an aggregate of upto 51,55,00,000 warrants, convertible into equivalent number of fully paid-up equity shares," outlining the broad size and structure of the proposed instrument.

The warrants can be converted in one or more tranches within 18 months from the date of allotment, according to the filing. This timeline gives both Indiabulls and the identified investors a long window to plan conversions based on market conditions, cash requirements, and any project-related funding needs.

Preference in the issue will go to specified promoter and non-promoter participants. Within the promoter group, Phanes Limited is set to receive 22.52 crore warrants, while Hermes Limited will be allotted 14.02 crore warrants. On the non-promoter side, EBISU Global Opportunities Fund Limited will get 10 crore warrants, and Nyaasa Global Fund VCC - Nyaasa India EM Sub Fund will receive 5 crore warrants.

These four entities together will subscribe to the full 51.55 crore warrants being proposed. The entire transaction is subject to shareholder approval, which Indiabulls plans to seek at an Extraordinary General Meeting scheduled for 2 July 2026, to be held through video conferencing and other audio-visual facilities.

Indiabulls Q4 results and stock performance

Investor interest has also been supported by a sharp uptrend in the share price over the recent period. The stock has gained about 23% in one month and 142% over three months. Over the last one year, the scrip is up 52%, reflecting improved sentiment toward the company's balance sheet and project pipeline.

The fundraising announcement follows a turnaround in the company's earnings in the March 2026 quarter. Indiabulls swung back to profit in Q4 FY26 with a consolidated net profit of ₹194.26 crore, against a consolidated net loss of ₹164.17 crore in the same quarter of the previous financial year.

Total income also showed strong growth during the March quarter. It rose to ₹418.39 crore in Q4 FY26, compared with ₹149.15 crore a year earlier. For the full FY26 period, Indiabulls reported a net profit of ₹346.13 crore, reversing a net loss of ₹272.73 crore recorded in FY25.

Executive Director and CEO Divyesh Shah linked the performance to a more streamlined business approach. Shah 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."