Bajaj Finance surges on launching QIP to raise up to Rs 11,700 crore

Mumbai, November 12 (Udaipur Kiran): Bajaj Finance is currently trading at Rs. 1111.50, up by 36.50 points or 3.40% from its previous closing of Rs. 1075.00 on the BSE.

The scrip opened at Rs. 1080.00 and has touched a high and low of Rs. 1117.80 and Rs. 1077.00 respectively. So far 301895 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.60 on 03-Aug-2026 and a 52 week low of Rs. 788.40 on 23-Mar-2026.

Last one week high and low of the scrip stood at Rs. 1,117.80 and Rs. 1,041.00 respectively. The current market cap of the company is Rs. 692108.21 crore.

The promoters holding in the company stood at 54.67%, while Institutions and Non-Institutions held 36.84% and 8.49% respectively.

Bajaj Finance has launched Qualified Institutions Placement (QIP) to raise up to Rs 11,700 crore. The Special Committee of the Board (the QIP Committee), at its meeting held on November 11, 2026, has approved authorising the opening of the issue to eligible qualified institutional buyers in accordance with the terms of the issue. The approved floor price for the issue is Rs 992.25 per equity share.

Pursuant to the shareholders’ approval, accorded through a special resolution on November 2, 2026, the company has been authorised to offer a discount of up to 5% on the floor price calculated for the issue.

Bajaj Finance is one of the largest players in the burgeoning consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in many categories, ranging from consumer durables to lifestyle products to groceries.