Bajaj Finance opens QIP with floor price of Rs 992.25 per share

Bajaj Finance Limited said in a filing with the National Stock Exchange on 11 November 2026 that it has opened a qualified institutions placement (QIP) of equity shares on that day, with a floor price of Rs 992.25 per share. A QIP is a way for a listed company to raise money by selling new shares only to large institutional investors.

What Happened

According to the company's filing with the National Stock Exchange, the company's board approved the fund raise at its meeting on 1 October 2026, and shareholders passed a special resolution on 2 November 2026. A special committee of the board, set up for the QIP, then met on 11 November 2026 between 4.00 p.m. and 4.30 p.m. (IST).

The filing says the committee approved three things. First, it authorised opening the issue on 11 November 2026 to eligible qualified institutional buyers under the Securities and Exchange Board of India's rules on issuing capital (the SEBI ICDR Regulations). Second, it approved a floor price of Rs 992.25 per equity share of face value Re 1 each, worked out under the pricing formula in those rules. Third, it approved the preliminary placement document and the application form, both dated 11 November 2026, which go to eligible institutional buyers inviting bids.

The committee fixed 11 November 2026 as the "relevant date" for the issue, the date from which the floor price is calculated. The filing adds that, under the shareholders' approval and Regulation 176(1) of the SEBI ICDR Regulations, the company may offer a discount of not more than 5% on the floor price. The final issue price will be decided by the company in consultation with the book running lead managers, the banks managing the issue.

The company said it would file the preliminary placement document with BSE Limited and the National Stock Exchange on 11 November 2026, and that a copy would be placed on its website shortly. The filing does not state the total amount the company aims to raise or the number of shares to be issued.

What It Means

The filing records the start of the process, not its result. The final issue price and the amount raised are not in this filing, and the company will decide the price after bids are received.

For existing shareholders, a QIP adds new shares to the company's equity, so the number of shares in the market rises once the allotment is made. A QIP is open only to qualified institutional buyers, so ordinary investors cannot apply to it directly.

Readers who want the full terms of the issue can look for the preliminary placement document, which the company said it would make available on its website. Complaints against listed companies and SEBI-registered intermediaries can be lodged at https://scores.sebi.gov.in.

Oquilia Data: Bajaj Finance Ltd. (NSE: BAJFINANCE)

Closes adjusted for splits and bonuses; returns exclude dividends; insider figures from BSE filings. Facts from NSE's files, not investment advice.

Full record: Bajaj Finance share price on Oquilia

Source: Company filing on NSE