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Poonawalla Fincorp completes ₹2,500 crore QIP — Here's who got the sharesThe issue price for the Poonawalla Fincorp QIP has been fixed at ₹370.75 per share, confirming a CNBC-TV18 newsbreak, and is at a 5% discount to the QIP floor price of ₹390.26.By Hormaz Fatakia   April 14, 2026, 6:57:12 AM IST (Published)2 Min ReadNon-bank lender Poonawalla Fincorp Ltd. announced that it has raised ₹2,500 crore through its Qualified Institutional Placement (QIP) by issuing shares to various eligible institutions.

Domestic Mutual Funds, insurance companies and foreign investors all participated in the QIP, the company said in a filing on Monday, April 13.

The board of Poonawalla Fincorp has approved the issue of 6,74,30,883 (6.74 crore) equity shares, carrying a face value of ₹2 each to eligible institutional buyers. The issue price has been fixed at ₹370.75 per share, confirming a CNBC-TV18 newsbreak, and is a 5% discount to the QIP floor price of ₹390.26.

Multiple funds belonging to Kotak Mutual Fund, Nippon India MF, Societe Generale, Bandhan MF, ICICI Prudential Life Insurance, HDFC Life Insurance, and Franklin India Fund were among those who were issued more than 5% of the shares reserved for the QIP exercise.

Fund% Of QIP SharesKotal MF (Various Schemes)24Nippon Life India MF (Various Schemes)13.6Societe Generale9.3ICICI Prudential Life Insurance7HDFC Life Insurance6.7Bandhan MF (Various Schemes)6Franklin India Midcap Fund5

After the allotment of equity shares, the paid-up equity share capital of Poonawalla Fincorp stands at ₹176.04 crore, comprising of 88.02 crore shares, from ₹162.56 crore, comprising of 81.28 crore shares.

Kotak Mahindra Capital, Jefferies India Pvt. Ltd., JPMorgan India Pvt. Ltd., acted as the Book Running Lead Managers in 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.

Shares of Poonawalla Fincorp ended 2.2% higher on Monday, seeing a recovery of nearly 6% from its intraday low. The stock is still down 28% from its 52-week high of ₹570, having corrected over 15% so far in 2026.Continue ReadingTagsPoonawalla FincorpQIPqualified institutional placement QIPshare market today