{"id":344686,"date":"2026-11-12T12:01:02","date_gmt":"2026-11-12T06:31:02","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344686"},"modified":"2026-11-12T12:01:02","modified_gmt":"2026-11-12T06:31:02","slug":"bajaj-finance-share-price-qip-floor-price-discount-returns","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/","title":{"rendered":"Bajaj Finance Share Price Rises 3% to Rs 1,118 on 12 November 2026 as Rs 11,700 Crore QIP Opens: Floor Price Rs 992.25, Discount and What It Means"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Bajaj Finance Rs 1,111.25 (12 Nov, 11:56 AM), up 3.01%. Day high Rs 1,118. QIP Rs 11,700 Cr. Floor Rs 992.25. Indicative Rs 1,025. Q2 profit Rs 6,367 Cr.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Bajaj Finance stock touched Rs 1,118 on the NSE on 12 November 2026 and was at Rs 1,111.25 at 11:56 AM, up 3.01% from the previous close of Rs 1,078.80. The company opened a QIP of up to Rs 11,700 crore on 11 November at a floor price of Rs 992.25, with a discount of up to 5% allowed and an indicative issue price of Rs 1,025. That adds about 11.4 crore new shares, or roughly 1.8% dilution, while strengthening a capital adequacy ratio that eased to 20.33% in September. The stock is already about 17% above its 1 October level, so the next move depends on the final issue price.<\/p>\n<\/p><\/div>\n<p>Bajaj Finance share price opened at Rs 1,078.80 on Thursday, 12 November 2026, and rose to an intraday high of Rs 1,118 on the NSE, a gain of about 3.6% over the previous close. At 11:56 AM the stock was at Rs 1,111.25, up 3.01%, with about 68.8 lakh shares traded. On the BSE the gain was about 3.4%.<\/p>\n<p>The move in Bajaj Finance shares follows the launch of a Rs 11,700 crore qualified institutional placement, part of a Rs 17,500 crore fundraise first cleared by the board on 1 October. Investors want to know what the Bajaj Finance QIP floor price means for the final discount, how much it dilutes existing shareholders and whether Bajaj Finance stock, up about 17% in six weeks, can keep going.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=bajaj-finance-qip-launch\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#What_Is_the_Bajaj_Finance_QIP_Key_Terms_at_a_Glance\" title=\"What Is the Bajaj Finance QIP? Key Terms at a Glance\">What Is the Bajaj Finance QIP? Key Terms at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Floor_Price_Discount_and_Returns_How_the_Numbers_Compare\" title=\"Floor Price, Discount and Returns: How the Numbers Compare\">Floor Price, Discount and Returns: How the Numbers Compare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#How_Much_Will_the_Bajaj_Finance_QIP_Dilute_Shareholders\" title=\"How Much Will the Bajaj Finance QIP Dilute Shareholders?\">How Much Will the Bajaj Finance QIP Dilute Shareholders?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Why_Is_Bajaj_Finance_Stock_Rising_on_the_QIP_Launch\" title=\"Why Is Bajaj Finance Stock Rising on the QIP Launch?\">Why Is Bajaj Finance Stock Rising on the QIP Launch?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Bajaj_Finance_Q2_FY27_Results_at_a_Glance\" title=\"Bajaj Finance Q2 FY27 Results at a Glance\">Bajaj Finance Q2 FY27 Results at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Bajaj_Finance_Stock_Data\" title=\"Bajaj Finance Stock Data\">Bajaj Finance Stock Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Bajaj_Finance_Share_Price_Target_What_Brokerages_Said_After_Q2\" title=\"Bajaj Finance Share Price Target: What Brokerages Said After Q2\">Bajaj Finance Share Price Target: What Brokerages Said After Q2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Technical_View_Where_Does_Bajaj_Finance_Stock_Stand\" title=\"Technical View: Where Does Bajaj Finance Stock Stand?\">Technical View: Where Does Bajaj Finance Stock Stand?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Should_You_Buy_Bajaj_Finance_Shares_After_the_QIP\" title=\"Should You Buy Bajaj Finance Shares After the QIP?\">Should You Buy Bajaj Finance Shares After the QIP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Key_Risks_for_Bajaj_Finance_Stock\" title=\"Key Risks for Bajaj Finance Stock\">Key Risks for Bajaj Finance Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Why_is_Bajaj_Finance_share_price_rising_today\" title=\"Why is Bajaj Finance share price rising today?\">Why is Bajaj Finance share price rising today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#What_is_the_Bajaj_Finance_QIP_floor_price\" title=\"What is the Bajaj Finance QIP floor price?\">What is the Bajaj Finance QIP floor price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#What_is_the_Bajaj_Finance_QIP_issue_price_and_discount\" title=\"What is the Bajaj Finance QIP issue price and discount?\">What is the Bajaj Finance QIP issue price and discount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#How_big_is_the_Bajaj_Finance_fundraise\" title=\"How big is the Bajaj Finance fundraise?\">How big is the Bajaj Finance fundraise?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#How_much_dilution_will_the_Bajaj_Finance_QIP_cause\" title=\"How much dilution will the Bajaj Finance QIP cause?\">How much dilution will the Bajaj Finance QIP cause?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#What_is_the_Bajaj_Finance_share_price_target_after_Q2_results\" title=\"What is the Bajaj Finance share price target after Q2 results?\">What is the Bajaj Finance share price target after Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-qip-floor-price-discount-returns\/#Is_Bajaj_Finance_a_good_buy_after_the_QIP_launch\" title=\"Is Bajaj Finance a good buy after the QIP launch?\">Is Bajaj Finance a good buy after the QIP launch?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_the_Bajaj_Finance_QIP_Key_Terms_at_a_Glance\"><\/span><strong>What Is the Bajaj Finance QIP? Key Terms at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A qualified institutional placement lets a listed company sell new shares directly to institutions such as mutual funds, insurers and foreign investors, without a public offer. The floor price is calculated under SEBI rules, and the company can offer a discount of up to 5% on it.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Detail<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Bajaj Finance fundraise<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Total fundraise approved by board (1 Oct 2026)<\/td>\n<td>Up to Rs 17,500 crore<\/td>\n<\/tr>\n<tr>\n<td>QIP size<\/td>\n<td>Up to Rs 11,700 crore<\/td>\n<\/tr>\n<tr>\n<td>QIP opened<\/td>\n<td>11 November 2026<\/td>\n<\/tr>\n<tr>\n<td>Floor price<\/td>\n<td>Rs 992.25 per share<\/td>\n<\/tr>\n<tr>\n<td>Maximum discount allowed<\/td>\n<td>5% on floor price (lowest price about Rs 942.64)<\/td>\n<\/tr>\n<tr>\n<td>Indicative issue price (CNBC-TV18)<\/td>\n<td>Rs 1,025 per share<\/td>\n<\/tr>\n<tr>\n<td>Warrants to promoter<\/td>\n<td>5,74,25,740 warrants at Rs 1,010 each (Rs 5,800 crore) to <a href=\"https:\/\/univest.in\/stocks\/bajajfinsv\/bajaj-finserv-ltd-share-price-today\">Bajaj Finserv<\/a><\/td>\n<\/tr>\n<tr>\n<td>Advisors reported<\/td>\n<td>Kotak Mahindra Capital, JP Morgan, Morgan Stanley<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Floor_Price_Discount_and_Returns_How_the_Numbers_Compare\"><\/span><strong>Floor Price, Discount and Returns: How the Numbers Compare<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The floor price looks low only because SEBI&#8217;s formula uses an average of recent prices, and Bajaj Finance shares have rallied since the board meeting. The Bajaj Finance QIP floor price of Rs 992.25 sits 8.0% below the previous close, and the indicative price of Rs 1,025 sits 5.0% below it.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Reference price<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Rs per share<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Versus previous close (Rs 1,078.80)<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Versus current Rs 1,111.25<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Lowest possible issue price (5% off floor)<\/td>\n<td>942.64<\/td>\n<td>Down 12.6%<\/td>\n<td>Down 15.2%<\/td>\n<\/tr>\n<tr>\n<td>QIP floor price<\/td>\n<td>992.25<\/td>\n<td>Down 8.0%<\/td>\n<td>Down 10.7%<\/td>\n<\/tr>\n<tr>\n<td>Indicative issue price<\/td>\n<td>1,025.00<\/td>\n<td>Down 5.0%<\/td>\n<td>Down 7.8%<\/td>\n<\/tr>\n<tr>\n<td>Warrant price to Bajaj Finserv<\/td>\n<td>1,010.00<\/td>\n<td>Down 6.4%<\/td>\n<td>Down 9.1%<\/td>\n<\/tr>\n<tr>\n<td>1 October 2026 close (board approval day)<\/td>\n<td>948.30<\/td>\n<td>Down 12.1%<\/td>\n<td>Down 14.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Institutions that get Bajaj Finance shares near Rs 1,025 are already sitting on a paper gain of about 8% at the current price. Existing holders of Bajaj Finance shares have gained about 17% since 1 October, when the stock closed at Rs 948.30.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Will_the_Bajaj_Finance_QIP_Dilute_Shareholders\"><\/span><strong>How Much Will the Bajaj Finance QIP Dilute Shareholders?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For Bajaj Finance stock, the QIP at the indicative price of Rs 1,025 would add about 11.4 crore new shares. On a base of about 620 crore existing shares (a Univest estimate), that is roughly 1.8% dilution, rising to about 2.0% if the full 5% discount is used. Warrant conversion would add about 5.74 crore shares, or around 0.9%, over time.<\/p>\n<p>The promoter is taking part in the Bajaj Finance QIP package, which limits the fall in its stake. Bajaj Finserv holds 54.67% of Bajaj Finance as of September 2026 and is subscribing to Rs 5,800 crore of warrants at Rs 1,010. In the November 2023 round the company raised Rs 10,000 crore, so this is a larger raise than the last one, and that backing is a plus for Bajaj Finance stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Bajaj_Finance_Stock_Rising_on_the_QIP_Launch\"><\/span><strong>Why Is Bajaj Finance Stock Rising on the QIP Launch?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bajaj Finance stock is rising because the market sees the new equity as fuel for a lender that is growing fast. Management raised its FY27 AUM growth guidance to 26% to 27% from 22% to 24%, and AUM reached about Rs 5.85 lakh crore, up 26.5% year on year.<\/p>\n<p>Growth uses capital. The capital adequacy ratio fell to 20.33% in September from 20.90% in June and 21.23% a year earlier, and Motilal Oswal noted after Q2 that the capital raise would offset organic NIM pressure. The Bajaj Finance QIP gives a bigger cushion, so the company can keep lending without leaning on borrowings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finance_Q2_FY27_Results_at_a_Glance\"><\/span><strong>Bajaj Finance Q2 FY27 Results at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Metric<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Q2 FY27<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Q2 FY26<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">YoY change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue<\/td>\n<td>Rs 24,575.82 crore<\/td>\n<td>Rs 19,992.38 crore<\/td>\n<td>Up 22.9%<\/td>\n<\/tr>\n<tr>\n<td>Net profit<\/td>\n<td>Rs 6,366.57 crore<\/td>\n<td>Rs 4,947.76 crore<\/td>\n<td>Up 28.7%<\/td>\n<\/tr>\n<tr>\n<td>Net profit margin<\/td>\n<td>25.64%<\/td>\n<td>24.54%<\/td>\n<td>Up 1.10 points<\/td>\n<\/tr>\n<tr>\n<td>EPS (diluted)<\/td>\n<td>Rs 10.05<\/td>\n<td>Rs 7.83<\/td>\n<td>Up 28.4%<\/td>\n<\/tr>\n<tr>\n<td>Net interest income<\/td>\n<td>Rs 13,335 crore<\/td>\n<td>NA<\/td>\n<td>Up 24%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Q2 numbers help explain the institutional demand for Bajaj Finance shares. Profit growth was in line with Nomura&#8217;s estimates, yet Bajaj Finance stock fell about 3% on 21 October as brokerages trimmed some targets. Jefferies pointed to gold-loan stress, flexi-loan terms and insurance distribution fees as the pressure points.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finance_Stock_Data\"><\/span><strong>Bajaj Finance Stock Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Parameter<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Value (12 Nov 2026, 11:56 AM)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Stock (NSE: BAJFINANCE)<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/bajfinance\/bajaj-finance-ltd-share-price-today\">Bajaj Finance Ltd<\/a><\/td>\n<\/tr>\n<tr>\n<td>Current price<\/td>\n<td>Rs 1,111.25 (up 3.01%)<\/td>\n<\/tr>\n<tr>\n<td>Day open \/ high \/ low<\/td>\n<td>Rs 1,078.80 \/ Rs 1,118 \/ Rs 1,076.60<\/td>\n<\/tr>\n<tr>\n<td>52-week high \/ low<\/td>\n<td>Rs 1,176.40 \/ Rs 787.90<\/td>\n<\/tr>\n<tr>\n<td>PE ratio (industry PE)<\/td>\n<td>30.33 (17.75)<\/td>\n<\/tr>\n<tr>\n<td>Price to book \/ book value<\/td>\n<td>5.43 \/ Rs 197.85<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM) \/ ROE<\/td>\n<td>Rs 35.44 \/ 17.61%<\/td>\n<\/tr>\n<tr>\n<td>Debt to equity \/ dividend yield<\/td>\n<td>4.08 \/ 0.56%<\/td>\n<\/tr>\n<tr>\n<td>Index membership<\/td>\n<td><a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a>, <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a><\/td>\n<\/tr>\n<tr>\n<td>Promoter \/ FII \/ DII holding (Sep 2026)<\/td>\n<td>54.67% \/ 19.79% \/ 17.05%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finance_Share_Price_Target_What_Brokerages_Said_After_Q2\"><\/span><strong>Bajaj Finance Share Price Target: What Brokerages Said After Q2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every post-Q2 brokerage target sits above the current level, but these calls were made when the stock traded near Rs 920 to Rs 960, so the room to the targets has narrowed. They also predate the QIP launch, and brokerages may revise them once the issue price is final.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Brokerage<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Rating<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Target price<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Implied upside from Rs 1,111.25<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Motilal Oswal<\/td>\n<td>Buy<\/td>\n<td>Rs 1,250<\/td>\n<td>12.5%<\/td>\n<\/tr>\n<tr>\n<td>Jefferies<\/td>\n<td>Buy (target cut from Rs 1,280)<\/td>\n<td>Rs 1,230<\/td>\n<td>10.7%<\/td>\n<\/tr>\n<tr>\n<td>Nuvama Institutional Equities<\/td>\n<td>Buy<\/td>\n<td>Rs 1,175<\/td>\n<td>5.7%<\/td>\n<\/tr>\n<tr>\n<td>Prabhudas Lilladher<\/td>\n<td>Buy<\/td>\n<td>Rs 1,150<\/td>\n<td>3.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Jefferies trimmed its target after lowering the valuation multiple on adjusted book value, while Motilal Oswal and Nuvama stayed positive on the Bajaj Finance stock outlook. Nuvama&#8217;s Rs 1,175 leaves only about 6% upside from here.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_View_Where_Does_Bajaj_Finance_Stock_Stand\"><\/span><strong>Technical View: Where Does Bajaj Finance Stock Stand?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bajaj Finance stock is stretched in the short term. The 14-day RSI is 84.8, well above the 70 overbought line, and the price is about 12.5% above its 20-day simple moving average of Rs 987.27. The 20-day EMA is Rs 1,014.71.<\/p>\n<p>Momentum in Bajaj Finance shares is still positive, with the MACD line at 28.88 above its signal line at 9.88, and the SuperTrend indicator at Rs 998.43 acts as the trend floor. Near-term resistance is the day high of Rs 1,118, then the SuperTrend upper band near Rs 1,158.67 and the 52-week high of Rs 1,176.40. Support sits at the previous close of Rs 1,078.80 and the indicative QIP price of Rs 1,025.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Buy_Bajaj_Finance_Shares_After_the_QIP\"><\/span><strong>Should You Buy Bajaj Finance Shares After the QIP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The case for Bajaj Finance shares is growth backed by fresh capital. Net profit rose 29% in Q2, ROE is 17.61%, AUM growth guidance moved up, and the Bajaj Finance QIP plus warrants add up to Rs 17,500 crore of capacity for lending. Four brokerages in the table above hold Buy ratings.<\/p>\n<p>The case against Bajaj Finance stock is price and dilution. A PE of 30.33 against an industry PE of 17.75, a price to book of 5.43, a debt to equity ratio of 4.08 and an RSI near 85 leave little margin after a 17% run. New shares priced at about Rs 1,025 also cap the stock near term if institutions book gains. This is not investment advice, and a SEBI-registered advisor can match the stock to your horizon and risk appetite.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Bajaj Finance live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_Bajaj_Finance_Stock\"><\/span><strong>Key Risks for Bajaj Finance Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Margins are the first risk for Bajaj Finance shares. Motilal Oswal pointed to net interest margin contracting about 9 basis points quarter on quarter, and Jefferies flagged gold-loan stress. If credit costs rise or funding costs stay elevated, profit growth could slow just as the share base gets larger.<\/p>\n<p>Institutional ownership is the second. FII holding eased from 21.33% in March 2026 to 19.79% in September 2026, and DII holding rose from 15.18% to 17.05%. If the Bajaj Finance QIP is absorbed mainly by domestic institutions, foreign holding could fall further, and any delay or weak demand in the book could pressure Bajaj Finance stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Bajaj Finance share price rally rests on a well-received Bajaj Finance QIP, a Rs 992.25 floor price, an indicative issue price near Rs 1,025 and Q2 numbers that showed profit up 29%. At the same time, an RSI near 85, a PE above 30 and roughly 2% dilution mean the easy part of the move may be behind it. The next triggers are the final QIP issue price and allocation, any revision of brokerage targets and whether the stock holds above Rs 1,078.80.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Bajaj_Finance_share_price_rising_today\"><\/span><strong>Why is Bajaj Finance share price rising today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bajaj Finance stock is rising after the company opened its Rs 11,700 crore QIP on 11 November 2026 and the market read the capital raise as supportive for growth. The stock opened at Rs 1,078.80 on 12 November, touched Rs 1,118 on the NSE and traded at Rs 1,111.25 at 11:56 AM, up 3.01%. The shares are also about 17% above their 1 October close of Rs 948.30, the day the board approved the fundraise.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bajaj_Finance_QIP_floor_price\"><\/span><strong>What is the Bajaj Finance QIP floor price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Bajaj Finance QIP floor price is Rs 992.25 per equity share, set under the SEBI ICDR pricing formula. The company may offer a discount of up to 5% on that floor, which would take the lowest possible issue price to about Rs 942.64. The final issue price will be fixed with the book-running lead managers when the placement closes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bajaj_Finance_QIP_issue_price_and_discount\"><\/span><strong>What is the Bajaj Finance QIP issue price and discount?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The final issue price has not been announced yet. CNBC-TV18 reported an indicative issue price of Rs 1,025 per share, a discount of about 5% to the prevailing market price. Against the previous close of Rs 1,078.80, Rs 1,025 is a 5.0% discount, and against the floor price it is a 3.3% premium.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_big_is_the_Bajaj_Finance_fundraise\"><\/span><strong>How big is the Bajaj Finance fundraise?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bajaj Finance is raising up to Rs 17,500 crore in total. That includes a QIP of up to Rs 11,700 crore for qualified institutional buyers and Rs 5,800 crore through 5,74,25,740 warrants allotted to promoter Bajaj Finserv at Rs 1,010 each. It is the company&#8217;s first equity raise since the Rs 10,000 crore round in November 2023.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_dilution_will_the_Bajaj_Finance_QIP_cause\"><\/span><strong>How much dilution will the Bajaj Finance QIP cause?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At the indicative price of Rs 1,025 the QIP would add about 11.4 crore new shares, roughly 1.8% of the existing share base on a Univest estimate of about 620 crore shares. At the lowest possible price of Rs 942.64 the dilution would be about 2.0%. Warrant conversion would add about 5.74 crore more shares over time, so actual dilution depends on final pricing and conversion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bajaj_Finance_share_price_target_after_Q2_results\"><\/span><strong>What is the Bajaj Finance share price target after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brokerage targets after the Q2 FY27 results range from Rs 1,150 to Rs 1,250. Motilal Oswal has Buy with Rs 1,250, Jefferies has Buy with Rs 1,230 after trimming from Rs 1,280, Nuvama has Buy with Rs 1,175 and Prabhudas Lilladher has Buy with Rs 1,150. These are analyst estimates made before the latest rally, not guaranteed returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Bajaj_Finance_a_good_buy_after_the_QIP_launch\"><\/span><strong>Is Bajaj Finance a good buy after the QIP launch?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bajaj Finance offers strong growth, with Q2 FY27 net profit up 29% to Rs 6,367 crore and a 17.61% return on equity, but it trades at a PE of 30.33 against an industry PE of 17.75 and a 14-day RSI near 85. The QIP strengthens the capital base while diluting existing holders by roughly 2%. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Bajaj Finance share price rising today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bajaj Finance stock is rising after the company opened its Rs 11,700 crore QIP on 11 November 2026 and the market read the capital raise as supportive for growth. The stock opened at Rs 1,078.80 on 12 November, touched Rs 1,118 on the NSE and traded at Rs 1,111.25 at 11:56 AM, up 3.01%. The shares are also about 17% above their 1 October close of Rs 948.30, the day the board approved the fundraise.\"}},{\"@type\":\"Question\",\"name\":\"What is the Bajaj Finance QIP floor price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Bajaj Finance QIP floor price is Rs 992.25 per equity share, set under the SEBI ICDR pricing formula. The company may offer a discount of up to 5% on that floor, which would take the lowest possible issue price to about Rs 942.64. The final issue price will be fixed with the book-running lead managers when the placement closes.\"}},{\"@type\":\"Question\",\"name\":\"What is the Bajaj Finance QIP issue price and discount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The final issue price has not been announced yet. CNBC-TV18 reported an indicative issue price of Rs 1,025 per share, a discount of about 5% to the prevailing market price. Against the previous close of Rs 1,078.80, Rs 1,025 is a 5.0% discount, and against the floor price it is a 3.3% premium.\"}},{\"@type\":\"Question\",\"name\":\"How big is the Bajaj Finance fundraise?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bajaj Finance is raising up to Rs 17,500 crore in total. That includes a QIP of up to Rs 11,700 crore for qualified institutional buyers and Rs 5,800 crore through 5,74,25,740 warrants allotted to promoter Bajaj Finserv at Rs 1,010 each. It is the company's first equity raise since the Rs 10,000 crore round in November 2023.\"}},{\"@type\":\"Question\",\"name\":\"How much dilution will the Bajaj Finance QIP cause?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At the indicative price of Rs 1,025 the QIP would add about 11.4 crore new shares, roughly 1.8% of the existing share base on a Univest estimate of about 620 crore shares. At the lowest possible price of Rs 942.64 the dilution would be about 2.0%. Warrant conversion would add about 5.74 crore more shares over time, so actual dilution depends on final pricing and conversion.\"}},{\"@type\":\"Question\",\"name\":\"What is the Bajaj Finance share price target after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brokerage targets after the Q2 FY27 results range from Rs 1,150 to Rs 1,250. Motilal Oswal has Buy with Rs 1,250, Jefferies has Buy with Rs 1,230 after trimming from Rs 1,280, Nuvama has Buy with Rs 1,175 and Prabhudas Lilladher has Buy with Rs 1,150. These are analyst estimates made before the latest rally, not guaranteed returns.\"}},{\"@type\":\"Question\",\"name\":\"Is Bajaj Finance a good buy after the QIP launch?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bajaj Finance offers strong growth, with Q2 FY27 net profit up 29% to Rs 6,367 crore and a 17.61% return on equity, but it trades at a PE of 30.33 against an industry PE of 17.75 and a 14-day RSI near 85. The QIP strengthens the capital base while diluting existing holders by roughly 2%. This article is not investment advice, so consult a SEBI-registered advisor before deciding.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bajaj Finance share price rose 3% to Rs 1,118 on 12 November 2026 as its Rs 11,700 crore QIP opened at a Rs 992.25 floor price. Discount, dilution, targets and levels.<\/p>\n","protected":false},"author":28,"featured_media":344685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[583,22305,585,22776,22775],"class_list":["post-344686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bajaj-finance","tag-bajaj-finance-qip","tag-bajaj-finance-share-price","tag-bajaj-finserv-warrants","tag-qip-floor-price"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344685"],"rank_math_title":["Bajaj Finance Share Price: Rs 11,700 Cr QIP Floor Price, Discount"],"rank_math_description":["Bajaj Finance share price hit Rs 1,118 on 12 Nov 2026 as its Rs 11,700 crore QIP opened at a Rs 992.25 floor price. Discount, dilution, targets and key levels."],"rank_math_focus_keyword":["Bajaj Finance share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/bajaj-finance-share-price-rises-3-to-rs-1-118-on-12-november-2026-as-rs-11-700.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=344686"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344686\/revisions"}],"predecessor-version":[{"id":344687,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344686\/revisions\/344687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/344685"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=344686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=344686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=344686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}