Indiabulls Real Estate raises $114 million capital via QIP

20 Apr 2022 CW Team

Indiabulls Real Estate told the media that it has raised $114 million or over Rs 871 crore capital via Qualified Institutional Placement (QIP).

The Qualified Institutional Placement was completed at Rs 101.10 per equity. Trading of these shares will start on April 18 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

The board of the fundraising committee sanctioned the issuance and allotment of 85,559,435 new equity shares via QIP.

The company told the media that the placement issue price of Rs 101.10 per equity share denotes a discount of 4.96% to the applicable floor price of Rs 106.38 per equity share.

The company said that the fundraising resulted in an overall 15.8% dilution for the existing shareholders.

On April 7, Indiabulls launched the QIP. Almost 50% of the demand came from new investors, and more than 70% of the book was allocated to long-only investors.

President Sachin Shah told the media that this capital would play a significant role in supporting our overall growth and will provide us opportunities to quickly scale in the near term. We have drafted a clear plan of execution, which these funds will assist deliver.

The company has proposed to maintain sufficient liquidity and utilise the net proceeds for different purposes, including but not limited to capital expenditure such as land acquisition, development rights, or land development rights. Repayment, Long-term working capital, refinancing, and pre-payment of borrowings of the firms and their subsidiaries are also on the agenda.

Jefferies India, JM Financial, Axis Capital, IIFL Securities, and SBI Capital Markets were the joint book-running managers for the offering.

Image Source

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..