Bajaj Finance opens placement of up to ₹11,700 crore; ICICI sets ₹1,200 target

what happened

According to TradingView, Bajaj Finance opened a qualified institutional placement on November 11 that could raise as much as ₹11,700 crore. The floor price is ₹992.25 per share, while the indicative issue price sits at ₹1,025. The company plans to use most of the proceeds to pay down deposits and borrowings.

ICICI Securities put Bajaj Finance on its list of top financial picks and set a ₹1,200 target. Its analysts point to growth guidance of 26–27% and an expected return on assets above 4.1%, arguing the shares have room to catch up in valuation.

why it matters

The placement adds fresh share supply, which could weigh on the stock in the short term. At the same time, a lower debt load and a strong growth outlook give the shares support. The market's reaction to the indicative price will show how investors read the deal.

market impact

Bajaj Finance shares: new supply pressures the stock, while debt repayment and growth outlook offer support

• ↔Bajaj Finance shares mixed — extra share supply weighs, while lower debt and growth outlook support the stock

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