Real estate companies have raised around Rs 13,000 crore by issuing equity shares through the qualified institutional allotment (QIP) route in the first nine months of this calendar year. Real estate consultant Anarock said in a report on Monday that Indian real estate developers are aggressively entering the capital market through initial public offerings (IPOs) and QIPs after the Covid pandemic. Let us also tell you what kind of information Anarock has given.
Contribution of 17 percent in the third quarter
The report says that increased transparency, post-pandemic boom in residential real estate and strong investor confidence remain the factors driving the surge in these financing activities. Through various means of raising funds, companies can raise sufficient funds quickly by abandoning the traditional route of IPO. Anarock Chairman Anuj Puri said that by the third quarter of calendar year 2024, the real estate sector contributed more than 17 percent of the QIP issued across all sectors. This was a contribution of Rs 12,801 crore out of the total Rs 75,923 crore.
Puri said that after renewable energy, the real estate sector has been the second sector to raise funds through QIP so far this year. This surge in QIP reflects the sector’s important role in India’s broader capital markets and the growing confidence of institutional investors in Indian real estate.
These companies earned the most
According to the data, real estate companies like Prestige Estates Projects Ltd, Macrotech Developers and Brigade Enterprises have raised Rs 5,000 crore, Rs 3,281 crore and Rs 1,500 crore respectively through QIP. Apart from this, DB Realty has raised Rs 920 crore and Keystone Realtors Limited and Max Estates have raised Rs 800-800 crore respectively. Ananth Raj Limited also raised Rs 500 crore through QIP.
