Bharat Forge shares rise 2.6% after QIP launch; issue floor price set at ₹1,947.70
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Bharat Forge shares traded at ₹1,968.75 on the BSE, while the stock remains below its 52-week high. The QIP follows board and shareholder approvals, with investors also tracking standalone EBITDA growth and moderation in the company’s June-quarter operating margin.
Shares of Bharat Forge rose on Friday after the Kalyani Group company launched a qualified institutional placement (QIP) to raise capital from institutional investors.
The stock gained as much as 2.75% during the session, touching an intraday high of ₹1,987.35 on the BSE. It also slipped to a low of ₹1,934.25 before recovering. At 2.59% higher, the shares were trading at ₹1,968.75, giving the company a market capitalisation of around ₹94,124 crore.
The QIP was opened on Thursday, September 17, with the company setting the floor price at ₹1,947.70 per equity share. The issue price can be offered at a discount of up to 5% to the floor price, subject to the applicable regulations.
Bharat Forge QIP Details and Key Dates
Bharat Forge’s board approved the launch of the QIP after considering the applicable pricing formula under the SEBI ICDR Regulations. The company filed its Preliminary Placement Document with the BSE and NSE on September 17.
The QIP formally opened on the same day. The board had earlier approved the fundraise on August 10, while shareholders subsequently cleared the proposal through a special resolution passed via postal ballot on September 11.
The floor price of ₹1,947.70 is therefore the reference price for the institutional placement, while any final issue price will depend on the QIP process. Bharat Forge has also provided for a discount of not more than 5% to the floor price, as permitted under the issue terms.
Bharat Forge Share Price
The QIP announcement comes after a strong run in Bharat Forge shares. The stock has gained around 55% over the past year and is up about 34.69% so far in 2026. On a six-month basis, the return stands at nearly 9.39%.
Bharat Forge touched a 52-week high of ₹2,293 on August 10, 2026. Its 52-week low stands at ₹1,179.40, recorded on September 26, 2025.
At Friday’s price of ₹1,968.75, the stock remains below its 52-week high while trading well above its 52-week low. The company’s return on equity stood at 9.28%.
Bharat Forge Q1 Results:
Bharat Forge reported a consolidated net loss of ₹90 crore for the June quarter of FY27, primarily due to a one-time provision of ₹358 crore related to the restructuring of its German subsidiary.
Excluding the impact of the provision, the company’s profit before tax stood at ₹402 crore. Total income for the quarter was ₹4,697 crore.
At the standalone level, EBITDA rose more than 4% year-on-year to ₹614 crore in Q1FY27. However, the EBITDA margin declined to 26.2% from 27.9% in the year-ago period. Other income also fell 19% year-on-year to ₹34.3 crore during the quarter.
The QIP launch thus comes as Bharat Forge looks to raise capital while its shares remain significantly above their levels from a year ago, even as the latest quarterly results were affected by the exceptional restructuring charge.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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