Poonawalla Fincorp shares zoom 15%: Here is why the stock hit 52-week high today

Shares of Poonawalla Fincorp zoomed 15% to hit their 52-week high of ₹513.35 apiece on Thursday, September 18, as the company’s board approved the preferential allotment of 3.3 crore shares to promoter Rising Sun Holdings Private Limited.

"…the Board of Directors of Poonawalla Fincorp Limited (“Company”), today, i.e., September 17, 2025, approved the allotment of 33,148,102 fully paid-up equity shares of the Company, having a face value of ₹2 each, at an issue price of ₹452.51 per equity share [including a premium of ₹450.51, aggregating to ₹14,999,847,636.02]," the company had said in a regulatory filing on Wednesday.

"The equity shares allotted shall rank pari passu, in all respects, with the existing equity shares of the company," the filing further added.

Following this allotment, the company’s issued, subscribed, and paid-up equity share capital has increased from ₹155.84 crore (77.92 crore equity shares of ₹2 each) to ₹162.47 crore (81.23 crore equity shares of ₹2 each).

Poonawalla Fincorp's board on September 10 had approved the allotment of 1 lakh secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of ₹1 lakh each. The total amount aggregates to ₹1,000 crore. The company allotted the debentures on a private placement basis.

The debenture will mature on September 8, 2028, and has a coupon interest of 7.58% per annum.

At 11:40 AM, shares of the NBFC firm were trading at ₹504.90 per share, soaring 12.93%. The stock was witnessing 29.71 times higher trading volume than the daily average on Thursday.

Over a month’s time, the stock has gained over 7%, while for six months’ time, it has climbed more than 64%. Since the beginning of the year, it has jumped 60%.

According to NSE data, the company’s market capitalisation stands at ₹39,112.38 crore.

Poonawalla Fincorp Limited is a Cyrus Poonawalla group non-banking finance company (NBFC) that focuses on consumer and MSME financing. In April this year, the firm had entered the gold loan business.