Domestic Mutual Funds, insurance companies and foreign investors all participated in the QIP, the company said in a filing on Monday, April 13.
The board of Poonawalla Fincorp has approved the issue of 6,74,30,883 (6.74 crore) equity shares, carrying a face value of ₹2 each to eligible institutional buyers. The issue price has been fixed at ₹370.75 per share, confirming a CNBC-TV18 newsbreak, and is a 5% discount to the QIP floor price of ₹390.26.
Multiple funds belonging to Kotak Mutual Fund, Nippon India MF, Societe Generale, Bandhan MF, ICICI Prudential Life Insurance, HDFC Life Insurance, and Franklin India Fund were among those who were issued more than 5% of the shares reserved for the QIP exercise.
| Fund | % Of QIP Shares |
| Kotal MF (Various Schemes) | 24 |
| Nippon Life India MF (Various Schemes) | 13.6 |
| Societe Generale | 9.3 |
| ICICI Prudential Life Insurance | 7 |
| HDFC Life Insurance | 6.7 |
| Bandhan MF (Various Schemes) | 6 |
| Franklin India Midcap Fund | 5 |
After the allotment of equity shares, the paid-up equity share capital of Poonawalla Fincorp stands at ₹176.04 crore, comprising of 88.02 crore shares, from ₹162.56 crore, comprising of 81.28 crore shares.
Kotak Mahindra Capital, Jefferies India Pvt. Ltd., JPMorgan India Pvt. Ltd., acted as the Book Running Lead Managers in 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.
Shares of Poonawalla Fincorp ended 2.2% higher on Monday, seeing a recovery of nearly 6% from its intraday low. The stock is still down 28% from its 52-week high of ₹570, having corrected over 15% so far in 2026.
