Poonawalla Fincorp Raises Rs 1,500 Crore Through Preferential Share Allotment to Promoter
Poonawalla Fincorp Limited has completed a preferential share allotment to its promoter entity, Rising Sun Holdings Private Limited. The company issued 3.31 crore equity shares at ₹452.51 per share, raising ₹1,499.98 crore. This increased the company's paid-up share capital from ₹155.84 crore to ₹162.47 crore and expanded its equity base from 77.92 crore to 81.24 crore shares. The allotment complies with SEBI regulations and received approval from NSE and BSE.

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Poonawalla Fincorp Limited, a prominent player in the financial services sector, has successfully completed a significant capital raise through a preferential share allotment to its promoter entity. The company's board of directors approved the issuance of 3.31 crore equity shares, bolstering its financial position and signaling strong promoter confidence in the company's future prospects.
Key Highlights of the Share Allotment
- Allotment Details: Poonawalla Fincorp has allotted 3,31,48,102 equity shares to Rising Sun Holdings Private Limited, a promoter entity.
- Issue Price: The shares were issued at Rs 452.51 per share, representing a substantial premium to the face value.
- Total Fundraise: The preferential issue has raised Rs 1,499.98 crore for the company.
- Increase in Share Capital: The company's paid-up share capital has increased from Rs 155.84 crore to Rs 162.47 crore.
- Expansion of Equity Base: Total equity shares have risen from 77.92 crore to 81.24 crore shares.
Impact on Company Structure
The preferential allotment has resulted in a notable change in Poonawalla Fincorp's capital structure:
Particulars | Pre-Allotment | Post-Allotment |
---|---|---|
Paid-up Share Capital | 155.84 | 162.47 |
Total Equity Shares | 77.92 | 81.24 |
Note: All figures in the table are in crore
Regulatory Compliance and Approvals
Poonawalla Fincorp has ensured full compliance with regulatory requirements for this preferential issue:
- The company received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited.
- The allotment adheres to the Securities and Exchange Board of India (SEBI) regulations, including the Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018.
- The process also complies with the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Terms of the New Shares
The newly allotted shares come with the following terms:
- Face Value: Rs 2 per equity share
- Premium: Rs 450.51 per share
- Rights: The new shares will carry the same rights as the existing equity shares of the company.
This strategic move by Poonawalla Fincorp not only strengthens its capital base but also demonstrates the promoter's commitment to the company's growth trajectory. The substantial premium on the share price reflects confidence in the company's valuation and future prospects.
As the financial services sector continues to evolve, Poonawalla Fincorp's enhanced capital position is likely to support its expansion plans and competitive standing in the market.
Historical Stock Returns for Poonawalla Fincorp
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.19% | -0.74% | -4.45% | +54.36% | +11.72% | +1,087.52% |