Fundraising via the qualified institutional placement (QIP) route crossed the Rs 1 trillion-mark during calendar year 2024 (CY24), the highest amount raised ever in history through this route. As many as 80 companies have raised a record Rs 1.13 trillion thus far in CY24, which is three times (3x) higher as compared to the same period in CY23 when 35 companies raised Rs 38,220 crore. The previous high was back in CY20 when 25 companies had mobilised Rs 80,816 crore through the QIP route. If one is to consider the current / open QIPs (if they go through successfully) of real estate developer Godrej Properties, and cable & wire firm KEI Industries totaling Rs 8,000 crore, the total amount raised through the QIP route in CY24 will hit the Rs 1.21 trillion mark, data shows.