Bajaj Finance gains after launching QIP; floor price set at Rs 992.25/share

The company's Fund Raising Committee approved the opening of the issue on 11 November 2026 and approved the preliminary placement document dated the same day.

The floor price of Rs 992.25 per share is at a discount of 7.7% to the scrip's previous closing price of Rs 1,075 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue.

Bajaj Finance reported a 28.53% rise in consolidated net profit to Rs 6,266.20 crore in Q2 FY27, compared with Rs 4,875.36 crore in Q2 FY26. Revenue from operations climbed 22.79% year-on-year (YoY) to Rs 24,546.37 crore in the quarter ended 30 September 2026.

Bajaj Finance is one of India?s leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence.

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