Page 6 - Qip

Axis Bank raises Rs 12,500 crore via QIP to enhance capital adequacy

The QIP issuance was done at a price of Rs 629 per equity share at a tight discount of 1.44% over the closing price of the issue opening date

Bajaj Finance gains 3% as board approves raising Rs 8,500 crore via QIP

The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.

QIP rush: 10 companies launch issues in December

There is a rush to tap funds from qualified institutional placement (QIP) route with 10 companies, including banks, have launched QIP issues in December thus far, the highest in past seven years in terms of number of issues.Total eight companies that include Punjab National Bank (PNB), Mahindra & Mahindra (M&M) Financial Services, Natco Pharma and Union Bank of India have already raised Rs 11,037 crore via QIPs in the current month.Most of these companies intend to use the proceeds primarily for repayment or pre-payment of outstanding indebtedness and towards capital expenditure. The financials proposed to use funds for augment their long-term resources for meeting capital requirement and to augment their capital adequacy ratios.In April 2010, total 10 companies had raised Rs 2,723 crore, while in September 2009 (Rs 6,245 crore) and in December 2008 (Rs 9,412 crore) 10 firms mobilized more than Rs 6,000 crore through QIP. In value terms, during June 2017, three companies had ..

Fund raising via QIP hits eight-year high; banks lead

Fund raising via the qualified institutional placement (QIP) route hit an eight-year high, with more than a dozen companies already raising around Rs 34,000 crore in first six months of the current calendar year 2017 (H1CY17).Thus far in CY17, 14 companies have collectively mobilised Rs 33,907 crore from investors - the highest amount in the past eight years. Earlier during the entire CY09, as many as 53 companies had raised Rs 34,676 crore via QIP. In CY14, total 33 companies mobilised Rs 31,684 crore, according to PRIME Database."The bull run has fuelled a money raising frenzy among corporates, who are making use of the market condition to raise funds for future growth. Besides, the rally has ensured that the cost of raising funds / equity is reduced considerably. Promoters, on their part, are making full use of this opportunity," says G Chokkalingam, founder and managing director of Equinomics Research & Advisory.The total amount raised through QIPs in CY17 represents a 64-fold

Funds raised from institutional buyers touch 33-month high

Fund raising through the qualified institutional placement (QIP) route hit over two-year high in March as the companies are lined up to raise funds to grab the opportunity of a rising market.Hindalco Industries (Rs 3,350 crore), YES Bank (Rs 4,907 crore), Minda Industries (Rs 300 crore) and United Bank of India (Rs 127 crore) have collectively raised Rs 8,684 crore via the QIP route during March, which is highest figure in past 33 months. Earlier, in June 2015, five companies had raised Rs 9,625 crore through QIP route, according to PRIME Database."QIPs have mostly been raised by mid-and small-cap companies that have done well in terms of stock performance over the last two years. Given the market rally, a number of companies believed that it was a good time to raise funds, especially for expansion and restructuring purposes," explains Dhananjay Sinha, Head of institutional research, economist and strategist at Emkay Global Financial Services.Meanwhile, the boards of Reliance ...

Fund raising via QIPs down 76% to Rs 4,627 cr in 2016

In comparison, companies had mopped up Rs 19,006 cr in 2015

Fund-raising via QIP slumps to Rs 609 cr in Apr-Aug period of FY17

QIP is an alternative mode of resource raising available for listed companies to raise funds from the domestic market.

QIPs spring back as stocks rally

Last month, six companies raised close to Rs 3,700 cr in all through QIP, highest since September 2015

What ails the qualified institutional placement market?

Of late, big companies seem to have lost appetite for QIPs, especially amid uncertainties in the macro environment and volatility in the market

Funds mop-up via QIPs slumps 90% in Q1

In terms of numbers, two issues were witnessed during the period under review as compared to nine in the first quarter of last fiscal

QIP funding touches 9-quarter low in March

During the previous corresponding quarter, 13 companies had raised Rs 4,857 crore though QIP route

Firms mop up Rs 14,000 cr via QIP in Apr-Jan

Indian companies have raised over Rs 14,000 crore through Qualified Institutional Placement (QIP) route in the first ten months of the ongoing fiscal. In comparison, the listed firms had raised Rs 29,102 crore through QIP in the entire last fiscal. The funds have been raised for expansion, refinancing of debt and to meet working capital requirements. According to a data available with the Securities and Exchange Board of India (Sebi), listed companies have garnered Rs 14,438 crore through QIP route during the April-January period of 2015-2016. Market experts attributed the slump in fund-raising through QIP route to volatile equity markets. In terms of numbers, 23 issues were witnessed during the period under review as compared to 51 issues in the entire last fiscal. The highest amount raised so far in the current fiscal was in July (Rs 4,824 crore) followed by September (Rs 4,338 crore), June (Rs 1,507 crore) and December (Rs 1,288 crore). QIP is an alternative mode for listed .

Sebi rule delays QIP-bound govt banks

Those with promoter holding over 75% need approval for this route, the regulator decided in November

Volatile market hits QIP plans of state-run banks

Placements worth Rs 25,000 cr stuck as share prices see a free fall