Bharat Forge opened its Qualified Institutions Placement (QIP) on September 17, 2026, setting a floor price of ₹1,947.70 per equity share. The issuance follows shareholder approval granted through a postal ballot on September 11, 2026.

The company’s Investment Committee – Strategic Business approved the Preliminary Placement Document and authorized the opening of the issue on September 17, 2026. The floor price was determined based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, with September 17, 2026, serving as the relevant date.

Issue Structure and Pricing

The QIP is conducted under Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 42 and 62 of the Companies Act, 2013. Bharat Forge may offer a discount of up to 5% on the floor price at its discretion. The final issue price will be determined in consultation with the Lead Managers.

Regulatory Compliance and Trading Window

The company filed the Preliminary Placement Document with the BSE Limited and National Stock Exchange of India Limited on September 17, 2026. In compliance with its Prevention of Insider Trading Code of Conduct, the trading window for designated persons was closed from September 15, 2026, until further notice.

The disclosure was made pursuant to Regulation 29(1) and 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Ms. Tejaswini Chaudhari, Company Secretary and Compliance Officer, signed the communication.

Bharat Forge has teamed up with RTX's Pratt & Whitney Canada to investigate turboprop engine solutions for India's High Altitude Long Endurance (HALE) unmanned aerial vehicle programme.

Partnership details

The collaboration brings together Bharat Forge's domestic manufacturing capabilities and Pratt & Whitney Canada's expertise in turboprop engine technology. The partnership is focused on exploring engine options suited to the requirements of India's HALE UAV project, a strategic defence initiative aimed at enhancing the country's unmanned aerial surveillance and reconnaissance capabilities.

Strategic significance

The HALE UAV programme represents a key priority in India's defence modernisation agenda, requiring advanced propulsion systems capable of sustaining long-duration, high-altitude operations. Turboprop engines are a critical component of such platforms, and the joint investigation with Pratt & Whitney Canada signals Bharat Forge's intent to position itself as a key supplier in this segment.

Bharat Forge has been expanding its presence in the aerospace and defence sector, and this tie-up with a globally recognised engine manufacturer underscores the company's strategic direction in high-technology defence systems.