Apart from the recent ₹25,000 crore capital raised by State Bank of India (SBI), the pace of fundraising through Qualified Institutional Placement (QIP) this year has slowed significantly compared to last year.
By August 2025, a total of 27 companies had raised ₹57,254 crore via QIPs, compared to 58 companies raising ₹64,924 crore in the same period last year. Excluding SBI’s large fundraising, the overall capital raised this year would be less than half of last year’s levels.
Market experts attribute this slowdown to U.S. tariff issues and other global factors that have created volatility throughout the year. However, the recent GST reduction and stronger consumption during the festive season are expected to reflect positively in July–September quarterly results, which could encourage more companies to tap the QIP route.
Analysts believe that after the festive season, more QIP announcements are likely. Notably, QIP is a method where companies can issue new shares to select investors at a discount to market price. It remains a preferred choice for follow-on fundraising, as it is quicker and more cost-efficient.