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Poonawalla Fincorp Raises Rs 2500 Crore via QIP, Attracts Strong Investor Demand

Poonawalla Fincorp has successfully raised Rs 2500 crore through a Qualified Institutions Placement (QIP) that closed on April 13. The issue, priced at ₹370.75 per share, saw strong subscription from a diversified pool of domestic and foreign institutional investors. The company, part of the Cyrus Poonawalla Group, is a systemically important NBFC with an AUM exceeding ₹55,000 crore. The funds raised are expected to support the company's growth strategy across its wide range of loan products.

Key Points: Poonawalla Fincorp Raises Rs 2500 Crore via QIP

  • Raised Rs 2500 crore via QIP
  • Strong demand from MFs, insurers, FIIs
  • Issue priced at ₹370.75 per share
  • AUM stands at over ₹55,000 crore
  • Part of Cyrus Poonawalla Group
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Poonawalla Fincorp raises Rs. 2500 crores via QIP route

Poonawalla Fincorp successfully raises Rs 2500 crore through a Qualified Institutions Placement (QIP) with strong participation from domestic and foreign funds.

"The issue price represents a 5% discount to the floor price... resulting in aggregate proceeds of ₹2,500 Crore - Company Press Release"

New Delhi, April 14

Poonawalla Fincorp Ltd. on Tuesday said that it successfully raised Rs. 2500 crores through Qualified Institutions Placement. The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the company's strategy and growth outlook, according to an exchange filing by the company.

"The Company issued 67,430,883 equity shares of face value ₹2 each to Qualified Institutional Buyers ("QIBs") at an issue price of ₹370.75 per equity share. The issue price represents a 5% discount to the floor price of ₹390.26 per equity share, resulting in aggregate proceeds of ₹2,500 Crore," the press release said.

The company said the QIP opened on April 9, and closed on April 13 and it attracted subscription from a diversified pool of investors, including Domestic Mutual Funds ("MFs"), Domestic Insurance Companies, and Foreign Institutional Investors ("FIIs").

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 counsels to the Book Running Lead Managers.

Poonawalla Fincorp said it has AUM of Rs. 55,017 crore as on December 31, 2025, and employs 5,264 people as of December 31, 2025. The company's financial services offerings include Loan Against Property, Gold Loans, Prime Personal Loans, Education Loans, Consumer Durable Loans, Business Loans, Instant Consumer Loans, Commercial Vehicle Loans, Mid-Market, Supply Chain Finance & NBFC Loans, Pre-Owned Car Finance, Loans for Professionals, Machinery Loans and Shopkeeper Loans.

The company is a Cyrus Poonawalla Group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). The company started operations nearly three decades back and is listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

- ANI

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Reader Comments

P
Priya S
Impressive AUM growth. From vaccines to finance, the Poonawalla group is diversifying well. Hope this fresh capital is used to offer more competitive rates on their personal and education loans, especially for middle-class families.
R
Rohit P
Solid move. With this war chest, they can expand their loan book significantly. The NBFC sector is looking up. However, I hope the management focuses on asset quality and doesn't get into reckless lending just to show growth. A bit of cautious optimism here.
S
Sarah B
Interesting to see the legal counsel involved - Shardul Amarchand and Cyril Amarchand on opposite sides! The deal structure seems robust. Attracting FII money is always a good signal for the Indian financial market's depth.
K
Karthik V
As a small investor, I wish retail investors got a piece of this action at that discounted price. QIPs are great for companies but sometimes feel like the big players get all the benefits. Still, a strong company getting stronger is good for the economy.
M
Meera T
They employ over 5000 people! That's a key point. Growth in such NBFCs creates real jobs across India, from metro cities to smaller towns where they have branches. More power to them. 💪

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