Equity Fundraising

Equity fundraising in FY23 put through Fed wringer; IPO mop-up down 52%

IPO mop-up down 52%; QIPs plunge 92%

Fund mobilisation through equity, debt routes down 20% to Rs 11 trn in 2022

Fund mobilisation by companies through equity and debt routes has dropped 20 per cent in 2022 to nearly Rs 11 lakh crore, as exuberance dwindled this year due to expensive credit avenues and volatile markets. The first half of 2023 could continue to remain challenging. The year 2021 was extraordinary for fundraising from the equity and debt routes, while 2022 has seen a slowdown in capital raising owing to elevated volatility provoked by unprecedented inflation globally and the Russia-Ukraine war. "The first half of 2023 could continue to be challenging, largely driven by global macro developments. If the slowdown/recession in the US is mild, then we could see a rally in global markets in the second half of next year, which would aid investor sentiment and the Indian markets as well," said Vishal Chandiramani, Managing Partner Products and COO, TrustPlutus Wealth (India) Pvt Ltd. Even with a bounce back in markets, it will be more difficult to garner funds over the next few years as

Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn

The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic

Rights issue: Lull after 3 stormy years, mop-up Rs 2,867 crore in CY22

Mop-up Rs 2,867 cr in CY22, as against Rs 25,335 cr in same period last yr

NTPC gets shareholders' nod to raise up to Rs 12,000 cr via bonds

NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures on private placement basis. The resolution was passed with requisite majority in the annual general meeting held on Tuesday. The funds to be raised in one or more tranches (not exceeding 12) will be used for capital expenditure, working capital and general corporate purposes, as per the notice for the AGM. As the company is in capacity expansion mode, major portion of the capital expenditure requirement has to be funded by debt. The company's board approved the proposal on July 29, 2022.

Equity fund-raising through QIP slumps over 80% to Rs 5,039 crore

Slumps over 80%; titans of India Inc in wait-and-watch mode to see how economy navigates a torrent of headwinds

Mobikwik seeks to raise $100 million in equity after deferring planned IPO

One Mobikwik Systems Ltd. is in talks with investors to raise as much as $100 million in equity to finance business expansion

Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding

According to the company, the proceeds of this round will be used to strengthen tailored credit solutions for informal sector customers.

Okinawa Autotech in talks with PEs for Rs 500-crore fundraising

He added that the money is being raised to oil growth which is set to witness high double-digits from the exponential demand the company is getting now

Tata Motors' net-debt-to-equity ratio at a decade high in FY21

Automaker has cumulatively raised nearly Rs 50,000 crore of fresh equity

India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies

Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said

Investment bankers set to take home hefty bonuses on record fundraising

Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent

Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

NeoGrowth to raise Rs 500 crore, names Rahane its brand ambassador

The company, which lends to small businesses, mostly retail service units including shops, has assets under management of around Rs 1,350 crore

Airtel raises $750 mn via allotment of unsecured senior fixed rate notes

Telecom company Bharti Airtel on Wednesday said it has raised USD 750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors

Yes Bank get majority vote of shareholders for Rs 10,000 cr fund mop-up

Yes Bank on Tuesday said its shareholders have approved a proposal for raising Rs 10,000 crore capital with the requisite majority. As many as 98.78 per cent votes were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, Yes Bank said in a regulatory filing. "We would like to inform that the special resolution...has been approved by the members with requisite majority," Yes Bank said. On January 22, while declaring its financial results for quarter ended December 31, 2020, Yes Bank had informed about Rs 10,000 crore fund raise plan through various modes. In its notice for the postal ballot on the capital raise plan, the bank said that it wants to further strengthen the common equity tier 1 (CET 1 or core capital) ratio and to ensure that it has enough capital to support growth and maintain adequate buffers to deal with any unforeseen impact. And it had proposed to raise equity capital not exceeding Rs 10,000

Equity fund raising rises 88% to $32.7 bn in first 9 months of 2020

This is already a record year for amount mobilised through the equity capital markets (ECM), topping $31.2 billion raised during calendar 2007, according to financial data firm Refinitiv

Bank of India shareholders approve Rs 8,000-cr fundraising via various modes

State-owned Bank of India on Saturday said it has received shareholders' nod for raising up to Rs 8,000 crore through various modes, including issue of equity shares

Manappuram Finance gets board approval to raise up to Rs 150 cr via NCDs

The non-convertible debentures are to be listed on BSE

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities