Huge appetite for QIPs & block deals: JM Financial

WITH FUNDRAISING FROM companies happening at a fast pace, JM Financial has been actively working with many firms and has helped raise ₹4,650-crore qualified institutional placements (QIPs) this year.

- NESIL STANEY

Neha Agarwal, MD & CEO, equity capital markets (ECM), JM Financial Institutional Securities, said the pipeline is strong, peppered with initial public offerings (IPOs) of several unicorns.

“When investors look at new-age unicorns, they don’t just look at traditional financial metrics. Instead, they focus on growth potential, scalability and disruption. Unicorns that are transparent and realistic in pricing, and opt for a balanced approach will find strong traction in the public markets. We are actively working with many such companies,” she said.

Investors, both foreign and domestic, are gravitating towards sectors that are central to India’s growth story, such as the power sector including renewables, and real estate, financials and manufacturing. The IPO pipeline reflects this thematic shift, with strong traction for companies that have robust balance sheets, healthy cash flows and strong corporate governance.