According to reports from CNBC TV18, Bharat Forge successfully raised ₹2,000 crore through its qualified institutional placement (QIP) by allotting 1.05 crore equity shares of face value ₹2 each at an issue price of ₹1,890 per share. The QIP was launched at a floor price of ₹1,851 per share on September 17, 2026. The issue price represents a 5.5% discount to the stock's closing price on Tuesday, demonstrating strong investor demand.
As reported by CNBC TV18, following the QIP allotment, Bharat Forge's subscribed and fully paid-up equity share capital has increased to ₹977 crore, consisting of 488 crore equity shares compared to the previous ₹956 crore comprising 478 crore equity shares of ₹2 each. The company's shares are currently trading at ₹2,009 per share as of September 22, 2026, having gained nearly 37% this year despite declining 1.9% in the past month. The latest market capitalization stands at ₹96,048 crore with a PE ratio of 134.27 and PB ratio of 10.03.
According to the exchange filing reported by CNBC TV18, the Government of Singapore received the largest allocation with 17.79 lakh shares or 16.8% of total QIP shares. ICICI Prudential Large and Mid Cap Fund, ICICI Prudential Multi Cap Fund, and ISIF Active Asset Allocator Long-Short Fund were collectively allotted 10.58 lakh shares or 10% each. Two custodian mutual funds of Invesco India received a total of 7.4 lakh shares or 7% equity.
As per latest market data, Bharat Forge shares have demonstrated strong performance with a 17.38% increase over the past six months and 59.95% gain in the last one year. The stock's 52-week high stands at ₹2,295 while the 52-week low was ₹1,179. The company's shareholding pattern shows promoters holding 45.25% stake, mutual funds owning 18.90%, foreign institutional investors with 18.82%, retail investors at 11.69%, and other domestic institutions accounting for 5.34% of the total equity.
Bharat Forge is India's largest manufacturer and exporter of automotive components, serving multiple international markets alongside its domestic operations. The company operates 10 manufacturing units across India, Sweden, Germany, France, and North America, making it one of the leading suppliers of aviation components. For the quarter ended June 2022, the company reported consolidated sales of ₹2,851.46 crore with a net profit of ₹164.45 crore. The company is listed on NSE and BSE under codes BHARATFORG and 500493 respectively, and is part of indices including Nifty 200, Nifty 500, Nifty Auto, and S&P BSE 100.
