Mumbai, April 14 -- Poonawalla Fincorp announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 2,500 crore.

The Company issued 67,430,883 equity shares of face value Rs 2 each to Qualified Institutional Buyers (QIBs) at an issue price of Rs 370.75 per equity share. The issue price represents a 5% discount to the floor price of Rs 390.26 per equity share, resulting in aggregate proceeds of Rs 2,500 crore.

The QIP, which opened on 09 April 2026, and closed on 13 April 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds (MFs), Domestic Insurance Companies, and Foreign Institutional Investors (FIIs).

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