Poonawalla Fincorp Limited raises ₹2,500 crore via QIP to fund growth plans

Poonawalla Fincorp Limited said it has successfully raised ₹2,500 crore through a qualified institutions placement (QIP), as the non-banking finance company looks to strengthen its capital base and support future growth.

The company issued 6.74 crore equity shares at an issue price of ₹370.75 per share, representing a 5% discount to the floor price of ₹390.26. The QIP opened on April 9 and closed on April 13, according to a regulatory filing.

The issue saw strong participation from a diversified pool of institutional investors, including domestic mutual funds, insurance companies and foreign institutional investors, reflecting confidence in the company’s strategy and growth outlook.

The proceeds from the equity raise will be used to capitalise on growth opportunities, expand lending operations and further diversify the company’s asset portfolio, Poonawalla Fincorp said.

Kotak Mahindra Capital Company, Jefferies India and J.P. Morgan India acted as the book-running lead managers to the issue. Shardul Amarchand Mangaldas & Co served as legal counsel to the company, while Cyril Amarchand Mangaldas and Sidley Austin advised the lead managers.

Promoted by the Cyrus Poonawalla Group, Poonawalla Fincorp is a systemically important non-deposit-taking NBFC registered with the Reserve Bank of India. The company had assets under management of ₹55,017 crore as of December 31, 2025, and operates across retail, MSME and commercial lending segments.