Poonawalla Fincorp Announces QIP Launch, Sets Floor Price at ₹390.26 per Share

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QIP Opened on April 9

The board of Poonawalla Fincorp, on April 9, passed a resolution approving the opening of a QIP, with the floor price set at ₹390.26 per equity share.

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Discount to Market Price

Poonawalla Fincorp shares settled at ₹401 on Thursday. The floor price of ₹390.26 represents a 2.67% discount to the prevailing stock price at that time.

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Issue Size & Upsizing Option

The QIP issue size is pegged at ₹2,500 crore, with the company retaining the option to upsize the offering. The board had earlier approved raising up to ₹5,500 crore.

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Discount Clause Included

The company may offer a discount of not more than 5% on the floor price, in accordance with SEBI ICDR Regulations and shareholder approval obtained via postal ballot on February 19, 2026.

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Poonawalla Fincorp Announces QIP Launch, Sets Floor Price at ₹390.26 per Share

QIP Opened on April 9 The board of Poonawalla Fincorp, on April 9, passed a resolution approving the opening of a QIP, with the floor price set at ₹390.26 per equity share.

Discount to Market Price Poonawalla Fincorp shares settled at ₹401 on Thursday. The floor price of ₹390.26 represents a 2.67% discount to the prevailing stock price at that time.

Issue Size & Upsizing Option The QIP issue size is pegged at ₹2,500 crore, with the company retaining the option to upsize the offering. The board had earlier approved raising up to ₹5,500 crore.

Discount Clause Included The company may offer a discount of not more than 5% on the floor price, in accordance with SEBI ICDR Regulations and shareholder approval obtained via postal ballot on February 19, 2026.

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QIP Opened on April 9

The board of Poonawalla Fincorp, on April 9, passed a resolution approving the opening of a QIP, with the floor price set at ₹390.26 per equity share.

Discount to Market Price

Poonawalla Fincorp shares settled at ₹401 on Thursday. The floor price of ₹390.26 represents a 2.67% discount to the prevailing stock price at that time.

Issue Size & Upsizing Option

The QIP issue size is pegged at ₹2,500 crore, with the company retaining the option to upsize the offering. The board had earlier approved raising up to ₹5,500 crore.

Discount Clause Included

The company may offer a discount of not more than 5% on the floor price, in accordance with SEBI ICDR Regulations and shareholder approval obtained via postal ballot on February 19, 2026.