Bajaj Finance launches QIP: NBFC sets floor price at ₹922.25/share; check key details

The company’s board of directors’ special QIP Committee approved opening the issue on Wednesday, November 11, to qualified institutional buyers (QIBs), according to a regulatory filing.

Key details of the QIP

The committee also fixed the floor price of the QIP at ₹922.25 per equity share, based on the pricing formula prescribed by the market watchdog SEBI.

It further added that it has approved sending an application form, dated November 11, to eligible QIBs inviting bids and for receiving filled-in application forms along with the application amounts for subscribing to the equity shares, in connection with the issue.

“Pursuant to the approval of the shareholders, accorded through a special resolution dated November 2, 2026, the company may offer a discount of not more than 5% on the floor price so calculated for the issue,” Bajaj Finance stated.

The non-banking financial company (NBFC) added that it will determine the issue price for the QIP in consultation with the book-running lead managers (BRLMs) appointed for the issue.

Its board of directors had approved raising capital up to ₹11,700 crore through the issuance of a QIP at a meeting held on October 1, 2026. The board had also approved the preferential issue of warrants convertible for an amount not exceeding ₹5,800 crore.

Warrant allotment

In a separate regulatory filing dated November 10, the firm’s board of directors approved the allotment of 5,74,25,740 warrants to its promoter at the issue price of ₹1,010 per warrant, convertible into an equivalent number of equity shares of face value of ₹1 each.

“On issue, a minimum of 25% of the consideration shall be payable on the date of allotment and the balance 75% shall be payable at the time of allotment of Equity Shares pursuant to the exercise of options against the warrants, in accordance with the SEBI ICDR Regulations,” it said.

Q2 results

Bajaj Finance posted a 28.7% year-on-year (YoY) jump in its consolidated net profit to ₹6,366.57 crore in the July-September quarter of the 2026-27 financial year (Q2 FY27), compared with ₹4,947.76 crore in the year-ago period.

The NBFC saw its net interest income (NII) grow 24% YoY to ₹13,335 crore during the quarter under review, as against ₹10,785 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

The Pune-based company's assets under management (AUM) stood at ₹5.85 lakh crore in Q2 FY27, as it added ₹37,680 crore during the quarter. Its AUM increased by 26% YoY from ₹4.62 lakh crore in the same period last year.

Shares of Bajaj Finance closed 1.31% higher at ₹1,078.80 apiece on the National Stock Exchange (NSE) on Wednesday, November 11. However, the QIP-related development was announced after the market closed.

Bajaj Finance has a total market capitalisation of ₹6.72 lakh crore as of November 11, 2026, according to data on the NSE.