India Inc mobilised Rs 12,569 crore through qualified institutional placements (QIP) and Rs 418 crore through institutional placement programmes (IPP) in the first quarter of 2014-15.
According to Prime, the database for the primary capital market, the funds mopped up through QIPs in Q1 showed a 10-fold increase against that in Q1 of 2013-14.
However, the rate of growth for total funds raised through placements — both QIP and IPP — was 151 per cent higher than that in the corresponding quarter in the last fiscal. This was because IPP mobilisation in Q1 of 2013-14 was higher at Rs 3,784 crore.