Indices timid; funds flow to QIPs, IPOs

IF THE EQUITY indices have been in a downtrend for three consecutive weeks, it is partly to do with funds flowing into initial public offerings (IPOs), qualified institutional placements (QIPs), and rights issues.

- FE BUREAU

"Moreover, there is not exactly a deluge of foreign flows," said a senior fund manager, pointing out that foreign portfolio investors (FPI) have been selling stocks in July.

Data from primedatabase.com reveal that money raised via IPOs has topped ₹52,000 crore so far in 2025 (data available until July 16). Moreover, institutions have invested more than ₹55,000 crore in QIPs, with the bulk of this going to State Bank of India's ₹25,000-crore offering.