New Delhi: Fund raising through Qualified Institutional Placements (QIP) reached an all-time high for the first time in a calendar year in 2024. 1 lakh crore figure, which was reflected by strong stock market conditions and high valuations.
According to data compiled by Prime Database, Indian companies raised Rs. 500 crore through QIP till November. Rs 1,21,321 crore has been collected. Which in the previous calendar year was Rs. 52,350 crore which represents a double increase compared to the amount of Rs.
Analysts said the sharp rise indicates that market resilience was a key factor for this rise as companies continue to raise capital through qualified institutional placements (QIPs).
According to the data, till November this year, 82 companies have tapped the capital market with QIP issues, while only 35 companies have raised Rs. Rs 38,220 crore were collected.
QIP is one of the fastest products to raise funds from institutional investors. It is designed for listed firms and investment trusts, allowing them to quickly raise funds from institutional investors without submitting pre-issue filings to market regulators.
The record-breaking QIP fund raising was led by Vedanta Group and food delivery company Zomato Uyanj, each of which raised Rs. These include Adani Energy Solutions and Varun Beverages, which have raised Rs 8,500 crore. Rs 8,373 crore. 7,500 crores were collected. While Samvardhana Motherson International raised Rs. 6,438 crore and Godrej Properties Rs. 6,000 crore and KEI Industries Rs. 2,000 crores were raised.
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