India Inc. mops a record Rs 1 lakh crore funds through QIP this year; 135% increase YoY
Zee Business research inputs noted that this year a total of 82 companies mopped up Ts 1.23 lakh crore through the Qualified Institutional Placement (QIP) route.
The fund raising for the first time in a calendar year by Indian corporates has touched Rs 1 lakh crore-making it a new record. Zee Business research inputs noted that this year a total of 82 companies mopped up Ts 1.23 lakh crore through the Qualified Institutional Placement (QIP) route.
ALSO READ: What is QIP? Can retail investors participate in them?
What is QIP?
A QIP allows a listed company to raise capital by issuing equity shares, fully or partly convertible debentures, or other securities convertible into equity shares.
Funds mopped through QIP surge 135% on-year
This year, the amount of fund mopped via the route, grew 135 per cent year-on-year.
Funds mopped in 2023 through QIP
In the previous year, as many as 45 companies raised Rs 52,350 crore funds via the route.
Top 4 companies that raised funds via QIP this year
Company Amount raised (Cr)
Zomato 8500
Vedanta 8500
Adani Energy Solution 8373
Varun Beverages 7500
QIP fund raising-interesting fact
Fund raised via the IPO and QIP route remained at par after 76 companies raised Rs 1.34 lakh crore via the IPO route.
Top 5 QIP years Since 2006
Year Amount raised through QIP (Cr) No Of Companies
2024 Till Now 1.23 Lakh 82
2020 80,816 25
2017 56,152 43
2023 52,349 45
2021 41,997 35
Source: Primedatabase