New Delhi: Fundraising via the qualified institutional placement (QIP) route created a history by crossing the Rs 1 trillion-mark during calendar year 2024 (CY24), Business Standard reported. The report stated that around 80 companies raised a record Rs 1.13 trillion so far in teh current financial year.
The data shows that fundraising via the QIP in CY23 stood at Rs 38,220 crore, which indicates that it has jumped three fold since last calendar year. In CY20, 25 companies had mobilised Rs 80,816 crore through the QIP route. The report further mentioned that the total amount raised through the QIP route in CY24 is estimated to hit Rs 1.21 trillion mark.
New Delhi, Nov 29 (PTI) Food delivery aggregator Zomato has raised Rs 8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans.
Zomato, which also owns quick-commerce firm Blinkit, had launched its Qualified Institutional Placement (QIP) issue on November 25, which closed on Thursday.
Meanwhile, Zomato has raised USD 1 billion via QIP with Motilal Oswal and ICICI Prudential among the big domestic investors. The online food delivery platform confirmed to the exchanges raising Rs 8,500 crore through a Qualified Institutional Placement (QIP) issue.
The Fund Raising Committee of Zomato’s board gave the green signal to the allotment of 33,64,73,755 (33.65 crore) shares to eligible qualified institutional buyers at an issue price of Rs 252.62 apiece, aggregating to Rs 8,500 crore.
Earlier this year, the board of directors of Vodafone Idea Ltd (VIL) approved a fund raise of up to Rs 20,000 crore via a combination of equity or equity-linked instruments. Vodafone Idea, an entity of Aditya Birla Group and Vodafone Group partnership, had raised the funds to invest for expanding 4G coverage, 5G network rollout and capacity expansion.
India’s Qualified Institutional Placement (QIP) fundraising witnessed a historic surge in calendar year 2024 (CY24), exceeding ₹1 trillion. Approximately 80 companies raised a record ₹1.13 trillion, a threefold increase from CY23’s ₹38,220 crore. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
