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Fund raising by listed companies from institutional investors has fallen to Rs 8,320 crore during the April-August period of the current fiscal, a slump of 54 per cent from the year-ago period.
The funds have been raised for expansion, refinancing of debt and to meet the working capital requirements.
However, market analysts feel that fund raising through QIP mode is expected to move upward as many firms have lined-up their plans.
Most of the companies eyeing to mobilise fresh capital through this route are from the banking sector. Banks are raising funds to boost their capital adequacy for Basel-III norms, among other reasons.
According to the data available with markets regulator SEBI, companies mobilised Rs 8,320 crore during April-August period of the current financial year via qualified institutional placement (QIP) route, lower than Rs 18,174 crore garnered in the year-ago period.
In terms of numbers, 16 issues were witnessed during the period under review compared with the April-August period of 2014-15.
In the entire 2014-15 fiscal, about Rs 29,102 crore was mopped up through 51 issues.
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