Private lender Axis Bank has launched its qualified institutional placement (QIP) on Tuesday to raise up to Rs 10,000 crore.

The bank is likely to raise around Rs 10,000 crore, ET Now said on Tuesday, adding that Bain Capital may get preferential allotment.

Bankers and lead managers for this issue are Axis Capital, UBS, Credit Suisse, the ET Now report said. In a stock exchange filing, the bank said it has fixed a floor price of Rs 442.19 per share.

Earlier in the day, Axis Bank shares closed 2.77% higher at Rs 428.90 per share.

Last month, the private sector lender reported a 19% YoY fall in net profit at Rs 1,112 crore for the June quarter.