Purple Finance Raises ₹69 Crore through Equity Warrants

At its Board meeting held on 6 February 2026, Purple Finance Ltd. approved an equity raise of ₹69.30 crore through equity warrants, comprising 1.26 crore warrants issued at ₹55 per warrant, subject to applicable regulatory approvals. Some of the investors have also triggered an open offer, details of which are available on the Company's and BSE websites.

The continued participation from both existing and new investors underscores growing confidence in Purple Finance's business model, governance framework, and long-term growth strategy, as the company further strengthens its capital base to support expansion.

Since its successful listing in June 2024, Purple Finance has followed a disciplined, phased approach to capital raising. The company raised ₹44 crore in October 2024, followed by ₹40 crore through a Rights Issue in June 2025, secured ₹39 crore in December 2025 through equity warrants, and now ₹69 crore to support the company's growth plans.

Backed by consistent capital support and prudent execution, Purple Finance has expanded to 45 branches, with Assets Under Management (AUM) of ~ ₹210 crore as of January 2026 and a team of approximately 430 employees. The company remains focused on responsible growth in the SME and retail lending ecosystem, creating long-term value for its 3,800+ equity shareholders and 4,000+ NCD holders.

Source : Equity Bulls

Keywords

PurpleFinance FundRaising PreferentialIssue EquityWarrants OpenOffer