Equity raised through QIP to support growth opportunities, expand PFL’s lending operations, and further diversify its asset portfolio
FinTech BizNews Service
Mumbai, April 14, 2026: Poonawalla Fincorp Limited (PFL) today announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs2,500 Crore.
The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the Company’s strategy and growth outlook.
Key Transaction Highlights:
· The Company issued 67,430,883 equity shares of face value Rs2 each to Qualified Institutional Buyers (“QIBs”) at an issue price of Rs370.75 per equity share. The issue price represents a 5% discount to the floor price of Rs390.26 per equity share, resulting in aggregate proceeds of Rs2,500 Crore.
· The QIP, which opened on April 9, 2026, and closed on April 13, 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds (“MFs”), Domestic Insurance Companies, and Foreign Institutional Investors (“FIIs”).
Book Running Lead Managers and Legal Counsels: 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.
