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They raised Rs. 75,214 crore in the period from April to December 2012, compared to Rs.42,358 crore in the same nine-month period last year, according to database provide Prime Database.
Meanwhile, government organizations and financial institutions raised 68% of the total Rs.2,32,252 crore mobilization through private placement of debt instruments in the first three quarters of the year.
Government organizations had accounted for 77% of the mobilizations last year.
Private placement is a means by which an institution raises money through instruments sold to private entities without making it available to the public at large.
The financial sector, both government and privately owned, was the major user of this route.
They raised Rs.1,64,448 crore or 71% of the total amount raised, said Prithvi Haldea, Chairman & Managing Director of PRIME in a note to the media.
Power came a distant runner-up, raising Rs.11,794 crore or 5% of the amount raised.
A total of 195 entities have used the route so far to raise a total of Rs.2,32,252 crore. This is a 29% increase over the Rs.1,80,259 crore last year.
HDFC was the biggest fund-raiser at Rs. 20,220 crore, PFC followed with Rs. 17,549 crore and REC raised Rs.13,837 crore. LIC Housing and NABARD raised Rs. 11,856 crore and Rs. 11,079 crore respectively.
