1 / 92024 has been a year of many records and companies issuing shares to institutions through the Qualified Institutional Placement route have also made new records. A total of ₹1.3 lakh crore were raised through the QIP route in calendar year 2024 with 91 QIPs taking place through the year so far.
2 / 9The figure is 2.5 times the figure seen in 2023 when 43 companies had taken the QIP route, raising a total of ₹52,300 crore. This is also the highest amount raised through the QIP route in a calendar year, surpassing the ₹80,500 crore that was raised in 2020.
3 / 9Among the 91 companies that took the QIP route this year, six of those are trading at a price that it at least 100% or more than the issue price of their respective QIP. Here is a look at these six companies:
4 / 9Coforge | Coforge had launched a QIP in May this year to raise ₹2,240 crore. The issue price for the same was fixed at ₹4,600. Since then, the stock has more than doubled in value, with returns of 104% as of Monday, December 23.
5 / 9Anant Raj | Anant Raj had launched a QIP earlier this year in January to raise ₹500 crore and the issue price for the same was fixed at ₹296. Since then, the stock has gained over 170%, ending Tuesday’s session at ₹822.
6 / 9Wockhardt | Wockhardt launched a QIP in March this year to raise up to ₹480 crore. The issue price for the share sale was fixed at ₹518. Since then, the stock has nearly tripled in value, crossing the mark of ₹1,500. The stock ended Tuesday at ₹1,486, a jump of 186% from the QIP issue price.
7 / 9Ganesha Ecosphere | Ganesha Ecosphere had raised ₹350 crore through its QIP which it launched in February this year. The issue price for the QIP was fixed at ₹995 per share and since then the stock has also more than doubled in value rising as much as 127% as of closing on Tuesday.
8 / 9Shakti Pumps | The outperformer among this list of outperforming stocks is Shakti Pumps. The company had raised ₹200 crore through its QIP in March this year, fixing its issue price at ₹202 per share. Since then, the stock has gained nearly 5x in value, rising to as high as ₹970 per share, a surge of 380% from the QIP price.
9 / 9eMudhra | Another outperformer from its IPO price is eMudhra, who also raised ₹200 crore through its institutional share sale that it launched in January this year. The company had fixed ₹422 as the issue price for the QIP and since then, the stock has gained 133% in value, closing at over ₹983.
