Rahul Gupta: The proposed fundraise comes shortly after the company allotted nearly ₹5,800 crore worth of warrants to promoter Bajaj Finserv.
Bajaj Finance is reportedly preparing to launch a Qualified Institutional Placement (QIP) worth up to ₹11,700 crore, with the share sale expected to be priced at a small discount to the prevailing market price, according to a CNBC-TV18 report.
The proposed fundraising is part of the company's broader strategy to strengthen its capital base and support future business expansion. The QIP will allow Bajaj Finance to raise funds by issuing fresh equity shares to qualified institutional buyers.
The development follows the allotment of 5.74 crore warrants worth approximately ₹5,800 crore to its promoter and holding company, Bajaj Finserv. According to the company's exchange filing, the warrants were allotted at an issue price of ₹1,010 each, taking the total value of the preferential issue to nearly ₹5,800 crore.
Under the warrant arrangement, Bajaj Finserv will pay 25 per cent of the consideration upfront, while the remaining 75 per cent will be payable when the warrants are converted into equity shares. The conversion can take place within the stipulated 18-month period.
Fundraise Could Reach ₹17,500 Crore
The proposed QIP and preferential warrant issue together could bring in up to ₹17,500 crore for Bajaj Finance. The company's board had approved both fundraising proposals in October, subject to the necessary regulatory and shareholder approvals.
The company is looking to raise additional capital amid its continued expansion in India's consumer lending and financial services market. The fresh funds are expected to provide financial flexibility and support its growing lending operations.
Strong Financial Performance Supports Expansion Plans
Bajaj Finance has also reported strong financial growth. For the second quarter of FY27, its consolidated profit after tax increased by around 29 per cent year-on-year to ₹6,367 crore. Its assets under management also grew by approximately 26 per cent to nearly ₹5.85 lakh crore as of September 30, 2026.
The proposed QIP is therefore an important development for the company's next phase of expansion. However, the final issue price, launch date and size of the share sale will depend on market conditions and the company's formal announcements.
Investors will be watching the proposed transaction closely, particularly its pricing and the potential impact of fresh equity issuance on existing shareholders.
Reader Comments 0