gain of 8.8% during the year. Even so, Lunawat of Pantomath Group expects fundraising through QIPs to hit new records this year as companies seek more flexibility in accessing capital. QIPs allow companies to raise funds close to the market price. "Institutional investors are expected to continue participating at high levels, driven by easing monetary policies and attractive market valuations," said Lunawat.
Among prominent QIP transactions in 2024 were Vedanta Ltd's and Zomato Ltd's ₹8,500 crore fundraises, Adani Energy Solutions Ltd's ₹8,373 crore issue, and Varun Beverages Ltd's ₹7,500 crore share placement.
JSW Energy Ltd, Prestige Estates Projects Ltd, and Punjab National Bank each raised ₹5,000 crore via QIPs. Godrej Properties Ltd launched a ₹6,000 crore QIP in November. Fintech firm Zaggle Prepaid Ocean Services Ltd raised ₹594.84 crore via a QIP last week.
This story is from the January 02, 2025 edition of Mint Ahmedabad.
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This story is from the January 02, 2025 edition of Mint Ahmedabad.
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