Cyrus Poonawalla Group Company Raises Rs 2,500 Crore via QIP; Stock Gains Over 2%
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Cyrus Poonawalla Group-backed Poonawalla Fincorp Ltd raises Rs 2,500 crore via QIP with strong institutional participation; stock gains over 2 per cent.
✨ AI Powered Summary
Poonawalla Fincorp Ltd has successfully completed its Qualified Institutions Placement (QIP), raising Rs 2,500 crore, signalling sustained investor confidence in the company’s growth strategy and long-term outlook.
The issue, which opened on April 9, 2026, and closed on April 13, 2026, attracted participation from a diverse set of institutional investors. These included domestic Mutual Funds, insurance companies, and foreign institutional investors, reflecting broad-based interest across investor categories.
As part of the transaction, the company allotted 67,430,883 equity shares with a face value of Rs 2 each. The shares were issued at a price of Rs 370.75 per share, representing a 5 per cent discount to the floor price of Rs 390.26 per share. The total issue size aggregated to Rs 2,500 crore.
Market participants viewed the healthy subscription levels as a positive signal for the company, particularly at a time when capital raising activity remains selective. The participation of long-term institutional investors underscores confidence in the company’s operational performance and its strategic direction.
About Poonawalla Fincorp Ltd
Poonawalla Fincorp Ltd is a non-deposit-taking, systemically important non-Banking finance company registered with the Reserve Bank of India. Promoted by the Cyrus Poonawalla Group, the company has been operating for nearly three decades.
It offers a wide range of financial services, including loans against property, gold loans, personal loans, education loans, business loans and consumer finance. Its portfolio also covers commercial vehicle finance, supply chain finance, loans for professionals, machinery finance and pre-owned car loans, catering to both individuals and businesses.
Poonawalla Fincorp Ltd Share Price Performance
On Monday, Poonawalla Fincorp Ltd’s share price closed at Rs 408.75, up Rs 8.50 or 2.12 per cent. On a year-to-date basis, the stock is down 15.30 per cent, while it has gained 11.73 per cent over the past year.
Disclaimer: The article is for informational purposes only and not investment advice.