Poonawalla Fincorp Raises ₹2,500 Crore via QIP to Strengthen Capital Base

Poonawalla Fincorp Limited has successfully completed a Qualified Institutions Placement (QIP), raising ₹2,500 crore by issuing 67.43 million equity shares at ₹370.75 per share — a 5% discount to the floor price. The allotment, approved on April 13, 2026, increases the company’s total paid-up share capital to 880.25 million shares, enhancing its financial flexibility for future growth. The issue attracted strong institutional demand, with major investors including Kotak Large & Midcap Fund (12%), Nippon India Small Cap Fund (12%), Societe Generale (9.3%), and insurers like ICICI Prudential Life and HDFC Life. This capital infusion underscores investor confidence in Poonawalla Fincorp’s turnaround strategy and positions the NBFC to scale its retail lending operations with a strengthened balance sheet.