Global metal forging company Bharat Forge Ltd has opened its Qualified Institutional Placement (QIP) on Thursday, September 17, with the floor price set at ₹1,947.70 per equity share. According to reports from CNBC TV18, the Investment Committee – Strategic Business approved the opening of the issue at its meeting held on Thursday, after the Board of Directors approved the QIP on August 10, 2026, and shareholders passed a special resolution through postal ballot on September 11, 2026. The committee also approved and adopted the Preliminary Placement Document and application form dated September 17 in connection with the issue.
The relevant date for the QIP is September 17, 2026, and the floor price has been determined based on the pricing formula prescribed under the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements (ICDR) Regulations. As reported by CNBC TV18, Bharat Forge may, at its discretion, offer a discount of not more than 5% on the floor price, subject to the approval received from shareholders through the September 11 postal ballot. The positive market response to the QIP launch was evident as shares of Bharat Forge rose 2.59% to ₹1,968.75 on BSE, with the stock touching an intraday high of ₹1,987.35 and low of ₹1,934.25. The company's market capitalisation stood at ₹94,123.70 crore during the trading session.
On a consolidated basis, Bharat Forge reported a net loss of ₹90 crore compared to a net profit of ₹284 crore it had reported during the same quarter last year. According to CNBC TV18, multiple one-offs, which resulted in a one-time exceptional loss of ₹358 crore, led the company to report a net loss during the quarter. Revenue for the quarter stood at ₹4,640 crore, a growth of 18.7% from the year-ago period, and also higher than the CNBC TV18 poll expectation of ₹4,591 crore. The company's profit before tax (PBT) stood at ₹402 crore for the quarter.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹709.4 crore from ₹670 crore last year and lower than the CNBC TV18 poll figure of ₹783 crore. As reported by CNBC TV18, EBITDA margin for the period stood at 15.29%, a contraction of 170 basis points from the same quarter last year. A CNBC TV18 poll had pegged the figure at 17%. The company's other income declined 19% on an annual basis to ₹34.3 crore during the quarter.
Bharat Forge stock has demonstrated strong performance with a return on equity (ROE) of 9.28% and has delivered close to 9.39% return in six months and around 34.69% return in 2026 so far. The stock has gained 55% in one year and touched a 52-week high of ₹2,293 on August 10, 2026, while hitting a 52-week low of ₹1,179.40 on September 26, 2025. The positive market response to the QIP launch indicates investor confidence in the company's fundraising efforts and future prospects despite the reported quarterly loss.
