Qip India

Fundraising via QIP hits Rs 1 trillion for the first time ever in history

Meanwhile, Adani Energy Solutions has raised Rs 8,373 crore via QIP in August, making it the largest fundraise in the Indian power sector.

Godrej Properties to raise Rs 6,000 crore via QIP for business expansion

Godrej Properties will raise Rs 6,000 crore by selling equity shares to institutional investors through QIP issue as it looks to expand business amid strong demand for residential plots and apartments. On Wednesday, the company has launched its Qualified Institutional Placement (QIP) issue to raise up to Rs 6,000 crore. According to market sources, Godrej Properties has received a strong response from domestic and global investors and the company will raise the entire Rs 6,000 crore. The QIP issue is likely to be closed on Thursday. Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing on Wednesday, Godrej Properties informed that the QIP Placement Committee approved the floor price for the QIP issue at Rs 2,727.44 per equity share. Godrej Properties' share price closed at Rs 2,833.05 apiece on Wednesday, down 2.35 per cent from Tuesday. Godrej Properties is one of the leading developers in the country.

Varun Beverages up 5% on launching QIP, to raise up to Rs 7,500 crore

Varun Beverages, which follows a January-December financial year, in 2023, reported net revenues at Rs 16,042.58 crore, up 21.8 per cent

Fundraising via QIP hits Rs 78,000 cr in FY24 on strong market sentiment

Fuelled by improved market sentiments and robust underlying demand, fundraising by issuing shares/units to institutional investors soared to Rs 78,000 crore in 2023-24, a more than seven-fold surge year-on-year. The 2024-25 fiscal is expected to be very robust as companies will continue to garner capital for capex post-election results. "In an unprecedented era of economic development aided by pro-business reforms and macroeconomic stability, India is set to become the third largest economy globally by 2027 and will continue to see strong flows. "In this backdrop, we expect FY25 to also very strong year from a primary capital perspective as companies will continue to look to raise capital for capex post-election results," Neha Agarwal, MD & Head of Equity Capital Markets at JM Financial Ltd, told PTI. Financial companies raise funds through qualified institutional placement (QIP) to meet their additional capital requirement buffer to support their growth plans and enhance their ...

Macrotech Developers raises Rs 3,300 crore capital through QIP route

Realty firm Macrotech Developers Ltd on Thursday said it has raised Rs 3,300 crore by selling shares to institutional investors. In a statement, the company said it has successfully closed the Qualified Institutional Placement (QIP). The QIP was oversubscribed nearly 3 times within 5 hours of issue opening and witnessed traction from a diversified set of investors with a long-term outlook, including sovereign funds, pension funds, insurers etc. This is the fourth equity raise by Macrotech Developers in the last 36 months and the company has raised over Rs 13,000 crore. The entire book was allocated to marquee global investors. Existing shareholders of the company such as Capital Group, GQG, Nomura, ADIA, and HDFC Life reaffirmed their faith in the company by enhancing their investment through this QIP, the statement said. The institutional placement also saw new marquee investors like Invesco Oppenheimer, Blackrock, Carmignac, Franklin Templeton, Norges, Lazard, APG and RWC etc.

Fundraising via QIPs gain traction as India Inc looks for growth capital

Supportive markets, robust growth outlook ensure adequate demand for new paper supply

Capacit'e Infra raises Rs 200 cr via QIP route for working capital needs

Capacit'e Infra on Friday said that it has raised Rs 200 crore through issuance of Qualified Institutional Placement (QIP). The proceeds from the QIP will be utilised for funding working capital requirements and other general corporate purpose of the company, Capacit'e Infra said in a statement. "Capacit'e Infraprojects announces the successful completion of its fundraise of Rs 200 crore through a QIP. The book was subscribed more than four times and witnessed traction from a diversified set of investors," it said. The company's QIP committee approved the issue allotment of 79,47,546 equity shares of face value of Rs 10 each to 24 Qualified Institutional Buyers (QIBs) at an issue price of Rs 251.65 per equity share (including a premium of Rs 241.65 per equity share). Capacit'e Infra Executive Director Rohit Katyal said, "We witnessed a positive response to our QIP. It reflects the trust investors have in our potential. The funds raised through this QIP shall empower us to accelerat

Shyam Metalics and Energy Limited raises Rs 1385 crore through QIP

City-based Shyam Metalics and Energy Limited (SMEL) announced that it has raised Rs 1,385 through Qualified Institutional Placement (QIP). The QIP Committee at its meeting approved the issue allotment of 24,051,165 equity shares of face value of Rs 10 each to 38 Qualified Institutional Buyers (QIBs) at an issue price of Rs 576 per equity share (including a premium of Rs 566 per share), the company informed bourses on Wednesday. The allotment completes our dilution as per minimum public shareholding requirements prescribed by SEBI, the company said. The company achieved a CAGR exceeding 15 per cent in the past and anticipated sustaining the same growth trajectory. Additionally, the company do not have any plans for additional dilution over the next few years, officials said. "The funds raised will bring down the working capital limits availed by the company from banks and we remain a net positive company as it is poised to become a net debt-free company to accelerate our growth ...

Kaynes Tech begins Rs 1,400 cr QIP; to acquire US-based firm for $2.5 mn

The QIP floor price is set at Rs 2,449.96 per share, and issue price will be determined after a committee meeting on December 21

Fundraising through QIPs surges; 20 companies raise Rs 18,400 cr in H1FY24

Fundraising through the issuance of shares to qualified institutional investors has seen hectic activity in the first half of the current fiscal year (FY24), with 20 companies mobilising over Rs 18,400 crore, more than four-fold from the year-ago period, on positive investors' sentiments. Moreover, the robust trend of Qualified Institutional Placements (QIPs) in the first half of the fiscal year 2023-24 is expected to persist throughout the second half of the year too, Sanjay Moorjani, Research Analyst at SAMCO Securities, told PTI. Prashant Rao, Director and Head of Equity Capital Markets, Anand Rathi Investment Banking, said that market and investor sentiments play an important role for these issuances. Till the time market sentiments are positive and investors are earning returns, listed companies would prefer to raise funds through QIP which allows them to have faster access to funds. "We believe the second half of this year also to be positive for QIP issuances," he ...

Aditya Birla group to dilute stake in financial services arm via QIP

Roadshows to raise up to Rs 3,000 cr by selling 5-7% stake in AB Capital

Equity fundraising via QIPs, rights issues slump to lowest since 2016

Some investment bankers argued that the reason for tepid fundraising through QIPs and rights could also be due to the fact that companies this year were not in need of large capital

Rating agencies raise red flag: QIP monitoring may hit disclosure wall

Disclosures around utilisation of issue proceeds not as exhaustive as IPOs: Rating agencies

City Union Bank to raise up to Rs 500 cr via QIP; shareholder meet in Aug

The private sector lender said that its annual general meeting (AGM) is scheduled to be held on August 18, 2022, and it will seek shareholders approval for the capital raise plan

Indiabulls Real Estate to use Rs 865 cr QIP proceeds to buy land, pay debt

The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12

Covid-19 impact: IndiGo may shelve approved QIP plan if air travel picks up

QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares

What makes DMart tick? Ability to extract more from less, say experts

Firm's unit economics remain strong amid competitive intensity

With Rs 3,000 cr cash in hand, Godrej eyes properties in prime locations

Their strategy is currently contrarian to the market, where developers are cutting on launches and preferring to clear existing stock, to generate cash and repay dues.

Axis Bank fixes floor price for QIP issue at Rs 661.50 per equity share

The private lender has said that the board will meet again on September 25 to approve QIP issue to investors

With a drop of 46%, India Inc's QIP issue stands at Rs 10 billion in May

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