Poonawalla Fincorp raises Rs 2,500 cr via QIP to fuel growth, lending expansion

Poonawalla Fincorp on Tuesday said it has raised Rs 2,500 crore through a Qualified Institutions Placement (QIP) to support business growth, expand lending operations and diversify its asset portfolio.

The QIP issue witnessed strong participation from institutional investors and long-term funds, reflecting continued confidence in the company's strategy and growth outlook, Poonawalla Fincorp said in a statement.

Under the issue, the company allotted 6,74,30,883 equity shares of face value of Rs 2 each to Qualified Institutional Buyers at an issue price of Rs 370.75 per share. The issue price was at a 5 per cent discount to the floor price of Rs 390.26 per share, aggregating to the total proceeds of Rs 2,500 crore.


The QIP opened on April 9 and closed on April 13, attracting participation from a diversified set of investors, including domestic mutual funds, insurance companies and foreign institutional investors.

Poonawalla Fincorp, a Cyrus Poonawalla Group-promoted, non-deposit-taking, systemically important non-banking financial company registered with the Reserve Bank of India, has been in operation for nearly three decades.

It reported assets under management of Rs 55,017 crore as of December 31, 2025, and had a workforce of 5,264 employees. PTI