Key Points
Neha Agarwal forecasts continued fundraising success in capital markets for FY25, highlighting diverse sectors like manufacturing and power..
Agarwal says PSU banks contributed close to 35% of the fundraise of QIPs last year and she believes this trend will continue. ET Now"Ultimately, investors are looking at unit economics and companies which are focusing on their path to profitability."..
Neha Agarwal, MD & Head of Equity Capital Markets, JM Financial, says FY23 was a boom year for capital markets with close to Rs 70,000 crore fundraise from QIPs..
We believe there will be Rs 1-1.5 lakh crore fundraise via QIPs, deleveraging of balance sheets, a lot of consolidation happening in consumer sector and in pharma sector where equity is literally being used as a source of capital for those acquisitions...
So, yes, for a lot of companies which have significant private equity investors, the norm is that they get priced expensively, but from post return perspective, investors have made money largely across products on the main board listing and you are going to see some very large deals come off this year, especially laid out by digital and infra space...
You might be interested in
Investors' wealth plunges Rs 10.42 lakh crore in 7 trading sessions
27, Feb, 23Markets News: Seven consecutive sessions of decline in the equity market has eroded the wealth of investors by a whopping Rs 10.42 lakh crore and the benchmark Sen
FPIs infuse Rs 4,800 crore in equities in first week of Jan on strong economic confidence
07, Jan, 24​Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals.
Oriental Insurance, National Insurance, United India Insurance may get capital infusion in Q4
22, Oct, 23The capital infusion would be based on the financial performance of the three general insurers in nine months, a report says
SIPs and SWPs combo to lead to the next big phase of investment: Prateek Pant, WhiteOak Capital AMC
08, May, 23India is attracting a lot of foreign institutional investors (FIIs) due to its unique position of being an outlier in uncertain global macroeconomics, according to Prateek Pant, Chief Business Officer at WhiteOak Capital AMC. Pant also said that India is well-positioned in terms of consumerism, capital growth and the health of the financial sector, making it attractive for investors seeing the potential of a 3-5 year investment.
Indian govt earmarks Rs 1,43,332 crore worth incentives to 12 states for power sector reforms
28, Jun, 23The Indian government has provided financial incentives of Rs 1,43,332 crore to 12 states for power sector reforms. This includes Rs 66,413 crore as additional borrowing for reforms completed in 2021-22 and 2022-23. The incentives aim to improve efficiency and performance and will enable states to borrow additional funds. Specifically, states can borrow up to 0.5% of their Gross State Domestic Product annually from 2021-22 to 2024-25 if they implement specific power sector reforms.
SpiceJet to raise Rs 2,250 crore via equity route
12, Dec, 23SpiceJet's proposed preferential issue will have investors like Elara India Opportunities Fund, Aries Opportunities Fund, Mahapatra Universal Limited, Nexus Global Fund, Prabhudas Lilladher and Resonance Opportunities Fund. Ajay Singh, Chairman and Managing Director of the airline said the capital raise will help the airline achieve the goal of building a world-class airline in India.
TPG-backed RR Kabel files IPO papers with Sebi
07, May, 23RR Kabel, a leading wires and cables manufacturer in India and part of RR Global Group, plans to go public with an initial public offering (IPO) that will include fresh equity shares worth Rs 225 crore and an offer for sale of over 1.72 crore shares by promoters and other shareholders, including TPG Capital. Proceeds from the offering will be used to pay down debt. The company reported revenues of Rs 4,386 crore for FY22 and has a market share of 8%. The book-running lead managers are Axis Capital, HSBC Securities and Capital Markets, Citigroup Global Markets India, and JM Financial.
Pre-market action: Here's the trade setup for today's session
26, Feb, 24The overall trend remains positive and thus we recommend investors to continue with the buy on dips strategy, Siddhartha Khemka, Head - Retail Research, Motilal Oswal.