Bharat Forge Limited closes QIP, allotting 1,05,82,010 equity shares at ₹1,890 each
Bharat Forge Ltd · Auto Components
What the filing says
- Issue opened on September 17, 2026 and closed on September 22, 2026, with closure approved by the Investment Committee at its meeting that day
- Allocated 1,05,82,010 equity shares of face value ₹2 at an issue price of ₹1,890.00, a discount of ₹57.70 or 2.96% to floor price ₹1,947.70
- Placement Document dated September 22, 2026 approved; refund intimation letter approved for bidders entitled to a refund, if any
Why it's rated notable: The allocation of 1,05,82,010 shares at ₹1,890.00 implies proceeds of roughly ₹2,000 crore, under 5% of the ₹87,892 crore market value, so the fundraise is medium, and the allocation is determined so it is binding.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Bharat Forge Ltd
- Order winNotableBharat Forge signs long-term contract with Pratt & Whitney Canada for aerospace components
- Fundraise / allotmentNotableBharat Forge Limited allots 1,05,82,010 equity shares in Qualified Institutions Placement
- Fundraise / allotmentNotableBharat Forge approves QIP issue with floor price ₹1,947.70 per share on Sep 17, 2026
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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.