QIP fundraising hits record high this year; 71 firms mobilise Rs 88,678 cr
)
Premium
Illustration: Binay Sinha
3 min read Last Updated : Oct 13 2024 | 11:39 PM IST
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 Rs 88,678 crore through this route, the highest in a calendar year.
The gains in the equity markets, powered by robust flows
Originally published by business-standard.com. Syndicated material does not necessarily reflect the views of Grazia British.
More Celebrity
James Quattrochi: From the Bronx to Hollywood — An Italian-American Story
Grazia British Exclusive For James Quattrochi, every role begins with authenticity. Raised in a proud Italian-American family near the legendary Arthur Avenue in the Bronx—New York City’s…
Puig and Fondazione Dries Van Noten Signed a 3-Year Partnership
CANAL PLUS: Spanish beauty and fashion firm Puig is further accompanying Dries Van Noten in his post-runway career, signing a three-year partnership with his new cultural venture in…
EXCLUSIVE: Dior Rolls Out New-look Dioriviera Beach Collection With Sailing-themed Pop-ups
PARIS — Dior is setting sail with a new-look Dioriviera line this summer, marking Jonathan Anderson’s first beach collection since taking over as creative director of the house last year.…
EXCLUSIVE: For NN.07, 2025 Was a Very Good Year
Not many fashion brands can crow about double-digit momentum these days, but Danish menswear firm NN.07 can. The Copenhagen-based company said net sales last year jumped 18 percent,…