Bajaj Finance stock opens QIP with INR 992.25 floor price

Published on 11/12/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bajaj Finance stock is raising capital from institutional investors through a QIP. The final issue price and share count remain undecided.

Capital raise enters institutional bidding

Bajaj Finance opened its qualified institutional placement on November 11.
The company may offer eligible investors a discount of up to 5 percent.
The final issue price and number of new shares remain undecided.

Bajaj Finance, INE296A01024, Illustration mit AI erstellt.

Bajaj Finance opened a qualified institutional placement on Wednesday, November 11, 2026, setting a floor price of INR 992.25 per equity share as the lender seeks capital from eligible institutional investors. The Economic Times reported the opening and the pricing terms.

Pricing terms shape the offering

The QIP committee approved the preliminary placement document and application forms for qualified institutional buyers. November 11 was set as the relevant date for calculating the floor price under the Securities and Exchange Board of India's pricing rules.

Bajaj Finance may offer a discount of up to 5 percent on the floor price, subject to applicable regulations and shareholder approval. The final issue price will be determined with the book-running lead managers, while the final number of shares and total proceeds have yet to be set.

Capital plan targets business growth

The fundraising follows board approval on October 1 and shareholder approval through a special resolution dated November 2. For existing shareholders, the eventual issue size and price will determine the extent of any ownership dilution.