Fairval

Notes on Indian equities, sectors and economy

Posted by fairval on July 8, 2007

QIP issues are getting larger

IDFC’s placement last week was the largest QIP issue ever. In the last 3 months, there have been 3 QIP issues over Rs 1000 crore. These are large numbers. In india, there are very few public issues (IPO/FPO) over Rs 1000 crore, as the following table shows.

Since 1 April 2006, there have been about 7 public issues involving the retail investor (IPO/FPOs) over Rs 1000 crore. So if you were to make a list of top 10 public issues, the 3 QIP issues of Max, GVK and IDFC will figure there.

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