QIPs off to a slow beginning in 2025 as volatility hurts

In January-March, funds raised via QIPs fell by nearly three-fourths sequentially and by a fourth on-year to ₹14,048 cr

- Srushti Vaidya

After cruising through primary markets in 2024, Indian companies are taking it slow in 2025 to ride out increased volatility.

In the three months ended 31 March, funds raised by listed firms via qualified institutional placements (QIPs) fell by nearly three-fourths sequentially and by almost a fourth on-year to ₹14,048 crore, showed data from market research platform Prime Database.

Companies had raised ₹49,479 crore in the December quarter and ₹18,357 crore a year earlier via QIPs.

The number of issuers, too, has nearly halved. Only eleven companies carried out QIPs in the first quarter of 2025, compared to 28 companies in the fourth quarter and 21 in the first quarter of 2024.