Bajaj Finance announced its intention to raise up to ₹3,000 crore through a Qualified Institutional Placement (QIP). The fundraising initiative, approved by the board, will involve issuing equity shares to eligible institutional investors. The floor price for the issue has been set at ₹7,164.80 per share, with a potential discount of up to 5% as per SEBI regulations. The company plans to file the preliminary placement document shortly.
Bajaj Finance Announces QIP to Raise Funds
Bajaj Finance Limited has announced its plan to raise capital through a Qualified Institutional Placement (QIP). The company intends to raise funds amounting to up to ₹3,000 crore by issuing equity shares to eligible institutional buyers. This decision was made subsequent to the approval from the Board of Directors and shareholders and aligns with the company’s strategic growth objectives.
Key Details of the QIP
The floor price for the issue has been fixed at ₹7,164.80 per equity share. In accordance with SEBI ICDR Regulations, the Company may offer a discount of not more than 5% on this Floor Price. The final issue price will be determined by Bajaj Finance in consultation with the book running lead managers. The preliminary placement document is scheduled to be filed with the BSE Limited and National Stock Exchange of India Limited on November 11, 2026.
QIP Committee Meeting Concludes
A meeting of the QIP Committee of Bajaj Finance Limited convened on November 11, 2026, commencing at 4.00 p.m. (IST) and concluding at 4.30 p.m. (IST). The committee reviewed and approved the necessary steps for the QIP process. A copy of the preliminary placement document dated November 11, 2026, will be made available on the Company’s website shortly at https://www.aboutbajajfinserv.com/finance-investor-relation-qip.
Regulatory Compliance
The company confirms that this process and the subsequent actions will be in compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Investors are requested to take the above on record.
Source: BSE
