Indian Firms Launch QIPs
IdeaForge Technology and Blue Jet Healthcare shares rise as Indian companies raise capital through qualified institutional placements, signaling strong institutional appetite for equity offerings in the market.
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- MARKET014990.KS (014990.KS)
▼ 4.70% close $1904.00 from $1934.00
- EVENTIdeaForge Technology shares rise 4.6% on ₹500-crore QIP launch
The drone manufacturer joins a wave of Indian firms raising capital via qualified institutional placements, following similar moves by Blue Jet Healthcare and Sterlite Technologies.
- MARKETBlue Jet Healthcare shares rise 3% on QIP launch at ₹531.70 floor price
The Indian pharma firm's qualified institutional placement opens at a discount to recent trading levels, signaling institutional appetite for capital raises in the sector.