Surge in QIPs and IPPs

In recent months, investor sentiments are on the up with the rise in the stock markets. While the mood is favourable, it is still early days for retail confidence to pick up for an active primary market to join the party. IPOs, FPOs and OFS are yet to make a loud noise. In the midst of all this, Qualified Institutional Placements (QIPs) and Institutional Placement Programme (IPPs) are witnessing a sudden surge in the activity. In the first quarter of FY15, seven companies issued ₹12,569 crore which is more than what was issued in the whole of FY14 and the highest in the first quarter of the preceding seven financial years (See: Raising money differently). In fact, six of the seven placements have come after the 2014 Lok Sabha election results (See: QIP and IPP issues in Q1FY15), finally indicating the return of confidence into the primary markets. Raising Money Differently QIPs/IPPsIPOs/FPOs/OFSFinancial YearIssue Size (₹cr)No. of issuesIssue Size (₹cr)No. of issues2007-08215513352219902008-0918922034212009-10392776446941442010-11211724646182572011-1221231123982362012-13112491734313442013-14113931315234822014-15*1256975856*April-June If you read deep into the data; this is the first time when the number of issues and amount raised through IPOs, FPOs and OFS, where retail investors can also participate