The beeline to raise funds is so strong that three firms, including condom maker Mankind Pharma Ltd. and e-waste recycler Gravita India Ltd. launched secondary sales to raise over $400 million on Monday, according to data compiled by Bloomberg.
A so-called qualified institutional placement, or QIP, allows companies to raise funds from large investors like mutual funds and insurance firms with fewer regulator filings.
“It’s an easy access to intelligent capital,” said Neha Agarwal, head of equity capital markets at JM Financial Ltd. The surge has been fueled by expensive equity valuations, which remain largely intact despite the recent selloff, she said, adding that firms are using the funds to repay debt and to meet capital expenditure.
-
Stock Trading
Macroeconomics Made Easy: Online Certification Course
-
Stock Trading
Point & Figure Chart Mastery: A Comprehensive Trading Guide
-
Stock Trading
Stock Investing Made Easy: Beginner’s Stock Market Investment Course
-
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
-
Stock Trading
Complete Guide to Stock Market Trading: From Basics to Advanced
-
Stock Trading
Options Trading Made Easy: Options Trading Course
-
Stock Trading
Technical Analysis Demystified: A Complete Guide to Trading
-
Stock Trading
RSI Trading Techniques: Mastering the RSI Indicator
-
Stock Trading
A2Z of Stock Market for Beginners: Stock Market Course For Beginners
-
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
-
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
-
Stock Trading
Technical Trading Made Easy: Online Certification Course
India has also emerged as one of the busiest venues globally for first-time share sales this year. Over 300 companies have raised almost $18 billion from public listings so far in 2024, thanks to robust demand from retail investors and global funds.
