Fundraising via QIP hits Rs 1 trillion for the first time ever in history

 As many as 80 companies have raised a record Rs 1.13 trillion thus far in CY24, which is three times (3x) higher as compared to the same period in CY23 when 35 companies raised Rs 38,220 crore.

The previous high was back in CY20 when 25 companies had mobilised Rs 80,816 crore through the QIP route.

 If one is to consider the current / open QIPs (if they go through successfully) of real estate developer Godrej Properties, and cable & wire firm KEI Industries totaling Rs 8,000 crore, the total amount raised through the QIP route in CY24 will hit the Rs 1.21 trillion mark, data shows.

Earlier in November, Wockhardt, Varun Beverages and Zomato, too, raised Rs 17,000 crore, taking the total amount raised thus far in the current month to Rs 25,000 crore (including Godrej Properties and KEI Industries’ QIPs), which is the second highest amount raised ever in a single month.

Till October 2024, 77 companies had raised Rs 96,321 crore via the QIP route. Earlier in August 2020, a total six companies had raised Rs 39,032 crore – the highest amount ever raised via QIPs in a single month, data shows.