Poonawalla Fincorp Raises ₹2,500 Crore via Qualified Institutions Placement
Filing Summary
Poonawalla Fincorp Limited has successfully raised ₹2,500 crore through a Qualified Institutions Placement (QIP). The placement involved the issuance of 67,430,883 equity shares at ₹370.75 per share, a 5% discount to the floor price of ₹390.26. The QIP, open from April 9 to April 13, 2026, attracted a diverse group of investors, including domestic mutual funds, insurance companies, and foreign institutional investors. The funds are intended to support growth opportunities and diversify the company’s asset portfolio.
Poonawalla Fincorp Limited announced the successful completion of its Qualified Institutions Placement (QIP), raising ₹2,500 crore. The QIP involved the issuance of 67,430,883 equity shares with a face value of ₹2 each to Qualified Institutional Buyers at an issue price of ₹370.75 per share. This price represents a 5% discount to the floor price of ₹390.26 per share.
The QIP opened on April 9, 2026, and closed on April 13, 2026. It saw participation from a diversified pool of investors, including domestic mutual funds, domestic insurance companies, and foreign institutional investors. The funds raised are intended to support growth opportunities, expand the company’s lending operations, and further diversify its asset portfolio.
Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, and J.P. Morgan India Private Limited acted as the Book Running Lead Managers for the QIP. Legal counsel for the company was provided by Shardul Amarchand Mangaldas & Co., while Cyril Amarchand Mangaldas and Sidley Austin Singapore Pte. Ltd. served as legal counsels to the Book Running Lead Managers.
Poonawalla Fincorp Limited is a non-deposit taking systemically important non-banking finance company promoted by the Cyrus Poonawalla Group. It is registered with the Reserve Bank of India. The company offers a range of financial services, including Loan Against Property, Gold Loans, Prime Personal Loans, and various other loan products. As of December 31, 2025, the company had an AUM of ₹55,017 crore and employed 5,264 people.