India Inc on record fundraising spree; Rs 62,000-crore IPOs filed with Sebi

QIPs near all-time high in 7 months

India Inc is embarking on a record fundraising spree, bolstered by a sustained rally in the stock market and the flood of money sloshing around with domestic and overseas institutional investors. 

More than 150 companies have expressed their intent to raise capital amounting to an estimated Rs 2.5 lakh crore by way of initial public offerings (IPOs), qualified institutional placements (QIPs), and follow-on public offerings, the data collated from Prime Database, a primary market tracker, show. Nearly 60 per cent of this amount may be raised by companies belonging to the BFSI (banking, financial services and insurance) space. 

Of the more than