<div>Indian companies have raised a staggering Rs 58,801 crore through equity markets in the financial year that ended today -- the best funds mop-up since 2010-11 fiscal.</div><div> </div><div>The QIP route was a big hit with as much as Rs 28,429 crore being garnered in 2014-15. QIPs alone account for nearly half of the total sum collected by companies this fiscal.</div><div> </div><div>"2014-15 witnessed a raising of Rs 58,801 crore through public equity markets, double of the Rs 29,381 crore that was raised in the preceding financial year," according to Prime Database.</div><div> </div><div>This is the best equity markets mop up in a financial year since Rs 72,143 crore in 2010-11. In 2009-10, firms mobilised a record Rs 86,710 crore from the same segment.</div><div> </div><div>Firms have tapped Qualified Institutional Placements (QIPs), Initial Public Offers (IPOs), Offer-for-Sale, Institutional Placement Programme (IPP) and rights issue routes to garner funds.</div><div> </div><div>Funds have been raised mainly for expansion of business plans and to support working capital requirements.</div><div> </div><div>In 2014-15, a large chunk of total funds or Rs 28,429 crore was mopped up from QIP route. Besides, fresh capital worth Rs 26,935 crore was raked in through the OFS mechanism.</div><div> </div><div>Despite a rally in the equity market in the current fiscal, there was only eight main-board IPOs witnessed during 2014-15. These companies collectively raised a meager Rs 2,769 crore through public offers.</div><div> </div><div>However, the current fiscal year witnessed a flurry of activity on the SME platform. As many as 38 SME IPOs mopped-up Rs 250 crore in the current fiscal, while 37 companies tapped SME platform to rake in Rs 286 crore.</div><div> </div><div>"The big disappointment has been the near-lack of IPOs.</div><div> </div><div>Despite a stable government coming into power and the resultant buoyant secondary markets only eight main-board IPOs came to the markets," Prime Database Managing Director Prithvi Haldea said.</div><div> </div><div>Further, companies have garnered a total of Rs 6,750 crore through rights issue in the current fiscal, higher than Rs 4,573 crore raised in the preceding year.</div><div> </div><div>The largest rights issue during the current fiscal was from Future Retail (Rs 1,589 crore), followed by GMR Infrastructure (Rs 1,402 crore) and Indian Hotels (Rs 1,000 crore).</div><div> </div><div>As per the Prime Database, the year saw just one IPP of Muthoot Finance, which mobilised Rs 418 crore.</div><div><br />(Agnecies)<br /> </div>
