Page 13 - Qip

Funds raised from institutional buyers touch 33-month high

Fund raising through the qualified institutional placement (QIP) route hit over two-year high in March as the companies are lined up to raise funds to grab the opportunity of a rising market.Hindalco Industries (Rs 3,350 crore), YES Bank (Rs 4,907 crore), Minda Industries (Rs 300 crore) and United Bank of India (Rs 127 crore) have collectively raised Rs 8,684 crore via the QIP route during March, which is highest figure in past 33 months. Earlier, in June 2015, five companies had raised Rs 9,625 crore through QIP route, according to PRIME Database."QIPs have mostly been raised by mid-and small-cap companies that have done well in terms of stock performance over the last two years. Given the market rally, a number of companies believed that it was a good time to raise funds, especially for expansion and restructuring purposes," explains Dhananjay Sinha, Head of institutional research, economist and strategist at Emkay Global Financial Services.Meanwhile, the boards of Reliance ...

Fund raising via QIPs down 76% to Rs 4,627 cr in 2016

In comparison, companies had mopped up Rs 19,006 cr in 2015

Fund-raising via QIP slumps to Rs 609 cr in Apr-Aug period of FY17

QIP is an alternative mode of resource raising available for listed companies to raise funds from the domestic market.

QIPs spring back as stocks rally

Last month, six companies raised close to Rs 3,700 cr in all through QIP, highest since September 2015

What ails the qualified institutional placement market?

Of late, big companies seem to have lost appetite for QIPs, especially amid uncertainties in the macro environment and volatility in the market

Funds mop-up via QIPs slumps 90% in Q1

In terms of numbers, two issues were witnessed during the period under review as compared to nine in the first quarter of last fiscal

QIP funding touches 9-quarter low in March

During the previous corresponding quarter, 13 companies had raised Rs 4,857 crore though QIP route

Firms mop up Rs 14,000 cr via QIP in Apr-Jan

Indian companies have raised over Rs 14,000 crore through Qualified Institutional Placement (QIP) route in the first ten months of the ongoing fiscal. In comparison, the listed firms had raised Rs 29,102 crore through QIP in the entire last fiscal. The funds have been raised for expansion, refinancing of debt and to meet working capital requirements. According to a data available with the Securities and Exchange Board of India (Sebi), listed companies have garnered Rs 14,438 crore through QIP route during the April-January period of 2015-2016. Market experts attributed the slump in fund-raising through QIP route to volatile equity markets. In terms of numbers, 23 issues were witnessed during the period under review as compared to 51 issues in the entire last fiscal. The highest amount raised so far in the current fiscal was in July (Rs 4,824 crore) followed by September (Rs 4,338 crore), June (Rs 1,507 crore) and December (Rs 1,288 crore). QIP is an alternative mode for listed .

Sebi rule delays QIP-bound govt banks

Those with promoter holding over 75% need approval for this route, the regulator decided in November

Volatile market hits QIP plans of state-run banks

Placements worth Rs 25,000 cr stuck as share prices see a free fall