Mumbai, April 10 -- The company's board authorized and declared the opening of the issue on Thursday, 9 April 2026.

The floor price of Rs 390.26 is at a discount of 2.68% to the scrip's previous closing price of Rs 401 on the BSE.

The floor price of Rs 390.26 per share has been fixed in accordance with SEBI ICDR norms. The final issue price will be determined in consultation with the book-running lead managers, with the company retaining the option to offer a discount of up to 5% on the floor price, subject to shareholder approval.

Poonawalla Fincorp is a non-deposit-taking NBFC registered with the RBI, primarily engaged in consumer and MSME financing.

On a consolidated basis, Poonawalla Fincorp's net profit surged 702% to Rs 150.22 o...