Corporate Action22 Sept 2026, 11:00 pm
Bharat Forge Closes QIP Issue, Allocates 1.05 Cr Shares at ₹1,890
AI Summary
Bharat Forge Ltd has announced the closure of its Qualified Institutional Placement (QIP) issue. The issue, which opened on September 17, 2026, closed on September 22, 2026. The company approved the allocation of 1,05,82,010 equity shares at an issue price of ₹1,890.00 per share. This price represents a discount of ₹57.70 (2.96%) to the floor price of ₹1,947.70 per share, determined as per SEBI ICDR Regulations. The Placement Document will be filed with the exchange.
Key Highlights
- QIP issue closed on September 22, 2026.
- 1,05,82,010 equity shares allocated.
- Issue price set at ₹1,890.00 per share.
- Discount of 2.96% applied to the floor price.
- Placement Document approved and to be filed.
Price Impact
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