Fundraising via qualified institutional placements (QIPS) has hit a record high this year with favourable valuations and liquidity support prompting big-ticket launches by large corporates.
QIP is a fundraising mechanism where a company issues new shares to a select group of investors at a discount to the prevailing market rate.
It is the preferred mode for raising follow-up fresh capital in a bull market as it is time efficient and inexpensive.
So far this year, 71 firms have raised 88,678 crore through this route, the highest in a calendar year.
The gains in the equity markets, powered by robust flows from foreign and domestic investors have helped stocks command higher valuations.
Higher valuations, in turn, help companies raise capital with lower dilution.
Denne historien er fra October 14, 2024-utgaven av Business Standard.
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Denne historien er fra October 14, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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