Bharat Forge Share Price in Focus; Completes ₹2,000 Crore QIP at ₹1,890 Per Share

Bharat Forge has finished its ₹2,000 crore Qualified Institutions Placement after closing the issue on September 22. The company has allotted 1,05,82,010 shares to qualified institutional buyers as part of the issue. 

The shares were issued at ₹1,890 each. This included a ₹57.70 discount to the floor price, or 2.96%.  

QIP Brings in ₹2,000 Crore 

The issue opened on September 17 and remained open until September 22. At ₹1,890 per share, the allotment of 1.06 crore shares has brought the company ₹2,000 crore through the placement. 

The shares have a face value of ₹2 each. The allotment was made to eligible institutional investors.  

Also Check: Finance Stocks

Government of Singapore Gets 16.81% 

The Government of Singapore was the largest individual allottee in the issue, receiving 17,79,269 shares. That works out to 16.8141% of the total shares offered through the QIP. 

ICICI Prudential funds received 10,58,202 shares on a PAN-clubbed basis, accounting for 10% of the issue. Invesco India funds received 7,40,741 shares, or 7%.  

Other Institutional Investors in the Allotment 

Axis Mutual Fund and Mirae Asset funds were each allotted 5,82,011 shares on a PAN-clubbed basis, with each accounting for 5.5001% of the issue. 

ICICI Prudential Life Insurance Company received 5,82,011 shares. DSP Mutual Fund was allotted 5,80,681 shares on a PAN-clubbed basis, while Societe Generale - ODI received 5,66,143 shares.   

Total Shares Rise After Allotment 

The fresh shares have increased Bharat Forge's paid-up equity share capital from ₹95.62 crore to ₹97.73 crore. 

The company's total equity shares have moved from 47.81 crore to 48.87 crore following the allotment.  

Read More: Garware Hi-Tech Films Share Price Gains Over 2% as It Signs MoU with Lubrizol for Advanced TPU Film Solutions! 

Bharat Forge Share Price Performance  

As of 23 September 2026, at 11:46 AM, Bharat Forge Ltd share price is trading at ₹2,003.60 per share, reflecting a decline of 0.27% from the previous trading session. 

Conclusion 

Bharat Forge has completed the institutional fundraising with ₹2,000 crore raised through the QIP. The allotment has also taken the company's total outstanding equity shares to about 48.87 crore. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Take action on today’s market news - Complete your Demat Account Opening now.