Newsbreak confirmed | Poonawalla Fincorp launches ₹2,500 crore QIP
Published on 10/04/2026 05:09 AM
Newsbreak confirmed | Poonawalla Fincorp launches ₹2,500 crore QIPThe floor price has been fixed at an indicative issue price of ₹370.75 at the lower end of the price band.By Srabastee Biswas April 10, 2026, 5:09:51 AM IST (Updated)1 Min ReadConfirming an earlier CNBC-TV18 report, Poonawalla Fincorp has launched a Qualified Institutional Placement (QIP) of equity shares to raise its capital reserves. The indicative issue size is set at ₹2,500 crore, with the company retaining an option to upsize the offering based on demand.
A board-appointed committee of directors approved the launch on April 9, adopting the preliminary placement document for the fundraising.
The floor price has been fixed at an indicative issue price of ₹370.75 at the lower end of the price band. At its base size, the placement could result in an equity dilution of up to 8.3% of the company’s total outstanding share capital.
Under SEBI regulations and per a special resolution passed via postal ballot earlier this year, the company may offer a discount of up to 5% on the floor price.
The proceeds are earmarked to augment Assets Under Management (AUM) by supporting lending and financing activities, debt repayment, and general corporate purposes.
Also read: Poonawalla Fincorp likely to launch ₹5,000-crore QIP: Sources
Shares of Poonawalla Fincorp ended at ₹403, down 2.84%, on the NSE.Continue Reading(Edited by : Ajay Vaishnav)First Published: Apr 9, 2026 9:06 PM ISTTagsPoonawala Fincorpqualified institutional placement QIP