Bajaj Finance shares rise over 2% as NBFC launches Rs 11,700 crore share placement
Bajaj Finance has opened a Rs 11,700 crore qualified institutional placement with a floor price of Rs 992.25 per share. TradingView reports the stock gained about 2.3% in morning trade.
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what happened
Bajaj Finance shares rose more than 2% on Thursday after the non-bank lender opened a qualified institutional placement (QIP) worth Rs 11,700 crore, TradingView reports. The floor price is set at Rs 992.25 per share, while the indicative issue price is Rs 1,025, roughly 5% below Wednesday's close of Rs 1,078.80. In morning trade the stock climbed 2.3% to Rs 1,104 and became one of the top gainers on the Nifty 50.
The placement could dilute the existing equity capital by up to 1.8%. It forms part of a wider Rs 17,500 crore fundraising plan, which also includes up to Rs 5,800 crore from preferential warrants issued to parent Bajaj Finserv. The company has guided for 26-27% growth in assets under management in FY27.
why it matters
The stock is up 13.4% so far in 2026, while the Nifty 50 has fallen about 3% over the same period. Investors typically weigh the discount to the market price and the degree of dilution in deals like this, and the proceeds will go toward expanding lending. The final issue price will be set through the placement process.
market impact
Bajaj Finance shares: discounted placement with up to 1.8% dilution is a factor weighing on the stock
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instruments
on polymarket
sources
- Bajaj Finance shares jump over 2% as NBFC launches Rs 11,700-crore QIP; floor price set at Rs 992.25 — TradingView, 12 November 2026 at 04:50 UTC
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