Bajaj Finance Limited announced plans to raise Rs 12,000 crore through a Qualified Institutional Placement to fund its ambitious expansion targets for FY27-FY28. The fundraise, at a price of Rs 9,200 per share — a 4.8% discount to the prevailing market price — is expected to attract strong interest from domestic and foreign institutional investors given the company's track record of superior returns on equity and consistent growth execution.
The capital will primarily fund Bajaj Finance's foray into rural and semi-urban markets, where the company plans to establish 800 new rural business centres over the next two years targeting the underpenetrated credit needs of farmers, self-employed professionals and small businesses outside the top 100 cities. The company also plans to significantly scale its SME lending platform, targeting a Rs 40,000 crore SME loan book by FY29.
Bajaj Finance's Q4 FY26 results were strong, with assets under management growing 28% year-on-year to Rs 4.2 lakh crore and net profit rising 22% to Rs 4,618 crore. The gross NPA ratio remained tightly controlled at 0.92%, reflecting the company's strong underwriting capabilities and collections infrastructure. The stock has been a consistent multi-decade wealth creator for investors and continues to command premium valuations in the NBFC space.
