Balu Forge Industries plans preferential issue
Balu Forge Industries (BSE: BALUFORGE) said it has taken up preferential issue. The company is valued at about ₹6,590 crore.
What happened
Balu Forge Industries (BSE: BALUFORGE) informed the stock exchanges on 14 November 2026 at 09:23 PM that it has taken up preferential issue.
Company snapshot
Balu Forge Industries is a small-cap company in the Capital Goods sector, with a market value of about ₹6,590 crore.
The stock last traded at ₹550.6, against a 52-week range of ₹341.1–₹667 (17.4% below the high).
Before this filing the shares had moved +13.1% over the month and +23.4% over three months. Average daily turnover over the last 20 sessions was about ₹36.52 crore.
Promoters held 53.51% at the end of Q1 FY27, down 0.88% points from the previous quarter; 1.37% of promoter shares were pledged. Foreign institutions owned 5.04% and domestic institutions 0.95%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 233 | 57 | 5.04 |
| Q2 FY26 | 300 | 65 | 6.08 |
| Q3 FY26 | 311 | 71.1 | 6.41 |
| Q4 FY26 | 264 | 65.7 | 6.35 |
| Q1 FY27 | 301 | 66.1 | 5.49 |
What history shows
BCEIE's records show 1 previous fund raising filing from the company since May 2026.
Across 87 similar disclosures by other Capital Goods companies, shares moved +1.3% on average the next day and +1.5% over five days; 54% of them rose the next day.
Market-wide, 1,814 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 14 November 2026: Board meeting — Financial Results/Fund Raising/Other business matters.
In the news
Recent coverage elsewhere (links open the original publisher):
- Balu Forge Advances Defence and Aerospace Orders
- Balu Forge Advances Defence Dispatches, Wins New Orders
- Balu Forge Advances Defence Production and Secures New Customers in the US and Europe
- Indian defence firm Balu Forge breaks into European armoured vehicle supply chain; steps up artillery shell production
- Balu Forge Industries Limited Announces Execution of Defence Orders and Secures New Orders from United States and Europe
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.