Poonawalla Fincorp launches QIPAI Quick ReadNBFC company Poonawalla Fincorp share price jumped around 3% on Friday, April 10, announced the opening of its qualified institutional placement (QIP) of fully paid-up equity shares of face value ₹ 2. The company’s committee of directors approved a floor price of ₹390.26 per equity share, according to an exchange filing. The floor price is 2.6% lower than its previous closing of ₹401 on BSE.
The company stated that the issue has been launched following earlier approvals from its board on January 16, 2026, and shareholders via a special resolution passed on February 19, 2026.
The floor price of ₹390.26 per share has been determined in line with the pricing formula prescribed under SEBI ICDR Regulations. The final issue price will be decided by the company in consultation with the book-running lead managers. The company may offer a discount of up to 5% on the floor price, subject to shareholder approval.
The relevant date for the issue was fixed as April 9, 2026, in accordance with regulatory requirements.
Poonawalla Fincorp Stock Performance
The NBFC stock rose 2.6% to its day's high of ₹412.15 on BSE, following gains on Dalal Street. The Indian stock market rose over 0.5%, following gains in global equities, despite concerns over the fragile two-week US-Iran ceasefire deal.
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.
<br><br>
Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.
<br><br>
Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.
An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.