Qualified Institutional Placement (QIP): The Flavour of Indian Corporate World in 2009 Season

Assocham, 2010

26 Pages Posted: 4 Feb 2011

Date Written: April 19, 2010

Abstract

In this paper, we have tried to analyze various aspects of this interesting instrument of Qualified Institutional Placement (hereinafter, in this paper, the term is referred as “QIP”) in terms of:

o Theme of QIP o Which kind of companies can raise funds through QIP issuances? o Who can invest in QIPs? o How will QIPs be priced? o Whether filing of QIP document with SEBI mandatory? And, whether QIPs need SEBI approval? o Whether filing of QIP document with stock exchanges mandatory? o How many lead managers are needed for a QIP? o What is the minimum number of investors needed for a QIP issuance? o Is there any lock-in for the sale of investments by investors in QIPs? o Whether QIPs are priced in INR or in foreign currency denomination? o Is there any requirement of disclosure of names of the investors with stock exchanges? o Are there any restrictions on any industries? o What is the typical average QIP size? o Is there any regulation about min or max size of QIP issuance? o Are there any restrictions on the allotment in a QIP issuance? o List of companies who have done QIP issuances during the period of 2006 o List of companies who have done QIP issuances during the period of 2007 o List of companies who have done QIP issuances during the period of 2008 o List of companies who have done QIP issuances during the period of 2009 o List of companies who have done QIP issuances during the period of 2010 till date o Industry-wise break up of QIP issuances during the period of 2006 o Industry-wise break up of QIP issuances during the period of 2007 o Industry-wise break up of QIP issuances during the period of 2008 o Industry-wise break up of QIP issuances during the period of 2009 o Industry-wise break up of QIP issuances during the period of 2010 till date o The size-wise break-up of QIP issuances during the period of 2006 o The size-wise break-up of QIP issuances during the period of 2007 o The size-wise break-up of QIP issuances during the period of 2008 o The size-wise break-up of QIP issuances during the period of 2009 o The size-wise break-up of QIP issuances during the period of 2010 till date o The average QIP size during the period of 2006 to 2010 till date o QIP issuance volume in comparison to ADRs / GDRs volume, IPOs volume, FPOs volume, Rights Issues volume during the period of 2006 o QIP issuance volume in comparison to ADRs / GDRs volume, IPOs volume, FPOs volume, Rights Issues volume during the period of 2007 o QIP issuance volume in comparison to ADRs / GDRs volume, IPOs volume, FPOs volume, Rights Issues volume during the period of 2008 o QIP issuance volume in comparison to ADRs / GDRs volume, IPOs volume, FPOs volume, Rights Issues volume during the period of 2009 o QIP issuance volume in comparison to ADRs / GDRs volume, IPOs volume, FPOs volume, Rights Issues volume during the period of 2010 till date o QIP pipeline : List of companies with valid board resolutions in hand o Factors which are making QIPs such hot favourite instruments o Conclusion

Keywords: India, Indian financial markets, Indian capital markets, QIPs, Qualified Institutional Placement, ADR, GDR, IPO, Initial Public Offering, american depositary receipt, global depositary receipt, FPO, public issue, Indian primary market, Rights Issues, SEBI, Securities and Exchange Board of India, FII

Suggested Citation

Thunuguntla, Jagannadham, Qualified Institutional Placement (QIP): The Flavour of Indian Corporate World in 2009 Season (April 19, 2010). Assocham, 2010. Available at SSRN: https://ssrn.com/abstract=1754369

Jagannadham Thunuguntla (Contact Author)

affiliation not provided to SSRN ( email )

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