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Poonawalla Fincorp has raised INR 2,500 crore through a Qualified Institutions Placement (QIP) to expand its lending business and strengthen its asset base. The issue saw strong participation from domestic and foreign institutional investors, reflecting confidence in the company's growth strategy. Shares were allotted at INR 370.75 each, a 5% discount to the floor price, with the QIP open from April 9 to April 13. The funds will be used to scale lending operations across key segments. Backed by the Cyrus Poonawalla Group, the NBFC manages assets worth INR 55,017 crore and aims to drive its next phase of growth.
Poonawalla Fincorp has raised INR 2,500 crore through a Qualified Institutions Placement (QIP) to strengthen its lending business, expand operations and diversify its asset base, the company said on Tuesday. Advertisement
The fundraise saw strong participation from institutional investors, including domestic mutual funds, insurance companies and foreign institutional investors. The response indicates continued investor confidence in the company's growth plans and overall strategy.
Under the QIP, the company allotted 6,74,30,883 equity shares with a face value of INR 2 each. The shares were issued at INR 370.75 apiece, reflecting a 5 per cent discount to the floor price of INR 390.26 per share. The total issue size aggregated to INR 2,500 crore.
The QIP opened on April 9 and closed on April 13, attracting interest from a wide mix of long-term investors. The capital raised will be used to scale lending activities and strengthen the company's presence across key segments.
Poonawalla Fincorp, promoted by the Cyrus Poonawalla Group, is a non-deposit-taking, systemically important non-banking financial company (NBFC) registered with the Reserve Bank of India. The company has been operational for nearly three decades.
As of December 31, 2025, the company reported assets under management (AUM) of INR 55,017 crore. It also had a workforce of 5,264 employees.
The latest capital infusion is expected to support the company's next phase of growth, with a focus on expanding its loan portfolio and strengthening its asset mix while maintaining operational scale.
Source: PTI
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