Poonawalla Fincorp QIP: Poonawalla Fincorp Limited (PFL) has announced the completion of its Qualified Institutions Placement (QIP). The company said that it has raised about Rs 2,500 crore via QIP.
Poonawalla Fincorp QIP saw strong participation from institutional investors and long-term funds, reflecting continued confidence in the Company’s strategy and growth outlook.
Poonawalla Fincorp QIP: Key Transaction Highlights
Poonawalla Fincorp issued 67,430,883 equity shares of face value Rs 2 each to QIBs at an issue price of Rs 370.75 per equity share.
Poonawalla Fincorp QIP issue price represents a 5 per cent discount to the floor price of ₹390.26 per equity share, resulting in aggregate proceeds of Rs 2,500 Crore.
Poonawalla Fincorp QIP, which opened on April 9, 2026, and closed on April 13, 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds, Domestic Insurance Companies, and Foreign Institutional Investors (FIIs).
Book Running Lead Managers and Legal Counsels: Kotak Mahindra Capital Company Limited, Jefferies India Private Limited and J.P. Morgan India Private Limited acted as the Book Running Lead Managers to the QIP. Shardul Amarchand Mangaldas & Co. acted as legal counsel to the Company, while Cyril Amarchand Mangaldas (Indian law) and Sidley Austin Singapore Pte. Ltd. (United States law) acted as legal counsel to the Book Running Lead Managers.
Poonawalla Fincorp is a Cyrus Poonawalla Group promoted non-deposit taking NBFC. Poonawalla Fincorp has an AUM of Rs 55,017 crore as on December 31, 2025.
Poonawalla Fincorp share price closed 2.25 per cent higher at Rs 409.25 on NSE during Monday's trading session (April 13, 2026).
