Bharat Forge approves QIP issue with floor price ₹1,947.70 per share on Sep 17, 2026
Bharat Forge Ltd · Auto Components
What the filing says
- Board and shareholder approval obtained; postal ballot passed on September 11, 2026
- Investment Committee approved Preliminary Placement Document and opening of QIP on September 17, 2026
- Floor price fixed at ₹1,947.70 per equity share; discount up to 5% allowed on floor price
Why it's rated notable: The filing announces the opening of a QIP at a floor price of ₹1,947.70 per share but states no issue size or share count, so the amount cannot be measured against the company's ₹87,892 crore market value, and the issue is not yet allotted.
Original filing
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
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More from Bharat Forge Ltd
- Order winNotableBharat Forge signs long-term contract with Pratt & Whitney Canada for aerospace components
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.