Now Reading: Piramal Finance opens ₹2,100 crore QIP at ₹2,102.65 per share
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Piramal Finance opens ₹2,100 crore QIP at ₹2,102.65 per share
Piramal Finance has launched a qualified institutions placement (QIP) to raise up to ₹2,100 crore. The board set the floor price at ₹2,102.65 per share, with the issue opening on 24 August…
Piramal Finance has launched a qualified institutions placement (QIP) to raise up to ₹2,100 crore. The board set the floor price at ₹2,102.65 per share, with the issue opening on 24 August 2026. Funds will be used to meet capital requirements for lending and to maintain capital adequacy ratios, the company said.
Separately, the board approved issuing up to 82.94 lakh warrants on a preferential basis to promoter-linked Nithyam Realty Private Limited at ₹2,110 per warrant, aggregating to ₹1,750 crore. The subscriber will pay 25% upfront, with the balance due upon exercising the warrants into equity shares within 18 months.
Piramal Finance reported a 67% rise in net profit to ₹461 crore for the June quarter, with retail disbursements up 44% year-on-year to ₹12,527 crore. The stock has gained 33% in 2026, trading near ₹2,180 on Tuesday.
Indian Opinion Analysis
Piramal Finance's ₹2,100 crore QIP follows its board's July approval to raise up to ₹4,000 crore, signalling a stepped capital-raising plan as it expands retail lending. The NBFC operates under the RBI's regulatory framework for systemically important non-deposit-taking NBFCs, which mandates a minimum capital-to-risk weighted assets ratio (CRAR) of 15%. Its AUM crossed ₹1 lakh crore for the first time in June, driven by a 32% rise in growth AUM, while the discontinued legacy book continues to shrink. The separate ₹1,750 crore warrant issue to a promoter-linked entity suggests a strategic investor is deepening its stake. With retail disbursements up 44% YoY and a 52-week high just above ₹2,200, the market will watch whether the QIP floor price of ₹2,102.65 holds in current volatile trade.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
