Bajaj Finance Shares Rally After Launch Of ₹11,700 Crore QIP At 5% Discount; Floor Price Set At ₹992.25

Shares of Bajaj Finance Limited jumped up to 3.6% on Thursday after the company launched its ₹11,700 crore qualified institutional placement (QIP) on 11 November 2026 to raise funds from eligible institutional investors. The non-banking financial company (NBFC) has fixed the floor price at ₹992.25 per equity share, while the discounted indicative issue price stands at ₹1,025 per share.

The indicative price represents a discount of around 5% to the stock's closing price of ₹1,078.80 on 11 November. The issue could lead to equity dilution of up to 1.8% of the company's pre-issue outstanding share capital. The final allotment price will be determined through the QIP process.

Bajaj Finance was among the top gainers in the Nifty 50 index, up 2.3% to ₹1,104 in morning trade on 12 November 2026. Bajaj Finance shares have outperformed the Nifty 50 so far in 2026, rising 13.4%. During the same period, the Nifty 50 declined nearly 3%.

At 11:14 am, the Bajaj Finance share price stood at ₹1,110, up 2.89% on the National Stock Exchange (NSE). The stock opened at ₹1,078.80. The day's intraday high and low stood at ₹1,118 and ₹1,076.60, respectively.

Bajaj Finance QIP: Part Of ₹17,500 Crore Fundraising Plan

The Bajaj Finance ₹11,700 crore QIP is one part of a broader ₹17,500 crore fundraising plan. The other component involves raising approximately ₹5,800 crore through preferential warrants allotted to promoter Bajaj Finserv Limited.

The company allotted around 5.74 crore warrants to Bajaj Finserv at ₹1,010 apiece. Investors paid 25% of the consideration upfront, while the remaining 75% is payable when the warrants are converted into equity shares.

The board has approved the fundraising proposal on 1 October 2026. It was cleared by a special resolution of the shareholders on 2 November 2026. The QIP Committee on 11 November 2026 approved the opening of the issue and the preliminary placement document.

Bajaj Finance H1 FY27 Profit Rises 28%

The capital raise was in line with the growth in the company’s financial performance. Bajaj Finance’s consolidated profit after tax (PAT) stood at ₹12,447 crore in H1 FY27, up 28% year-on-year (YoY). Assets under management (AUM) rose 26% to ₹5,84,624 crore as of 30 September 2026.

Net interest income (NII) rose 23% to ₹25,905 crore, while net total income increased 23% to ₹31,198 crore. The company booked 29.58 million new loans during the half-year, compared with 25.66 million in H1 FY26. Its customer franchise expanded 16% to 128.85 million.

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