What was filed
Bharat Forge told the exchanges that its Investment Committee – Strategic Business met on September 17, 2026 and approved the opening of a Qualified Institutions Placement (QIP) of equity shares of face value ₹2 each. At the same meeting the committee adopted the Preliminary Placement Document and authorised the issue to open the same day. The QIP draws on approvals already in place — a board approval dated August 10, 2026 and a shareholders' resolution passed by postal ballot dated September 11, 2026.
Pricing and discount
The committee set the floor price under the SEBI ICDR pricing formula, based on a Relevant Date of September 17, 2026. Per the filing, the company may at its discretion offer a discount of not more than 5% on the floor price, and the final issue price will be determined in consultation with the Lead Managers. The size of the issue and the final price were not disclosed in this intimation.
What comes next
The company said the Preliminary Placement Document will be filed with BSE and NSE the same day, and noted that its trading window for designated persons has been closed since September 15, 2026 until further notice for the purpose of the QIP. This filing marks the opening of the process; the terms that determine dilution — the number of shares issued and the final price — will follow.