Poonawalla Fincorp raises Rs 2,500 crore via QIP

Non-bank lender Poonawalla Fincorp has successfully raised ₹2,500 crore through qualified institutional placement (QIP). The company's board had approved the issue of 67.4 million equity shares, carrying a face value of ₹2 each, to eligible institutional buyers. The issue price was fixed at ₹370.75 per share, the company said.

Kotak Mahindra Capital, Jefferies India and JP Morgan were the lead managers for the fundraising.

The QIP, which opened on April 9 and closed on April 13, saw subscriptions from domestic mutual funds and insurance companies as well as foreign institutional investors, the company said in a statement. At the end of the third quarter of 2025-26, the company's assets under management stood at ₹55,017 crore, with a capital adequacy ratio of 18%. Poonawalla Fincorp ended 2.2% higher at ₹408.30 apiece on the BSE in the most recent trading session on Monday, when the benchmark index closed about 0.9% down. -Our Bureau