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Business Standard
30-07-2025
- Business
- Business Standard
SBI leads $9.2 bn QIP spree as firms tap market rally to raise funds
State Bank of India's recent record offering is leading a summer onslaught of a fast-tracked type of share sale as local companies take advantage of this year's stock-market rally to raise funds. About 40 Indian firms, led by banks, announced plans in July to raise more than ₹80,000 crore ($9.2 billion) via qualified institutional placements, according to data compiled by That may put Indian QIPs, which are only offered to professional investors, on track for one of their biggest years on record. QIPs have become a popular way for local companies to raise funds fast — these deals can be executed within weeks, instead of the months it usually takes to carry out public offerings in India. After the country's benchmark index climbed every month from March through June, optimism is running high that institutional investors will continue to snap up such deals. 'Robust secondary markets and ample liquidity have created conducive conditions for fundraising,' said Amrendra Singh, group head of equity capital markets at SBI Capital Markets Ltd. 'Banks are raising money to meet capital requirements, while companies are looking to improve their finances and fund future growth.' But the more companies issue shares via initial public offerings or QIPs, the higher the risk they will suck up money that would have otherwise gone to the stock market. India's benchmark Nifty 50 Index has pulled back some its gains in recent weeks amid concerns over things such as tariff negotiations, putting the gauge on track for a decline in July. That didn't deter investors from flocking to SBI, India's biggest lender. Bids for SBI's sale amounted to ₹1 trillion, or four times the ₹25,000 crore of shares being offered, people familiar with the matter have said. More than 10 other lenders, including Axis Bank Ltd., IDBI Bank Ltd. and IndusInd Bank Ltd., have announced plans to raise a total of more than ₹50,000 crore, according to the data compiled by Beyond banks, firms such as Reliance Power Ltd., Reliance Infrastructure Ltd. and Amber Enterprises India Ltd. have also announced fundraising plans. 'Companies are preparing to use this window to raise capital at higher valuations,' said Pranav Haldea, managing director at Prime Database Group. 'The QIP route offers companies a fast-track option to mobilise funds, while providing institutional investors an opportunity to acquire sizable stakes at a predetermined price.' This year, 25 companies have raised ₹56,100 crore via QIPs, according to data compiled by primedatabase. Though it may be difficult for this year's tally to exceed 2024's record ₹1.36 trillion raised through this type of offering, recent announcements indicate this year's total could surpass the ₹80,800 crore raised in 2020. QIPs are offered to large professional investors, allowing listed issuers to bypass the regulatory scrutiny and marketing typically needed for follow-on public offerings, shaving months off the process.
Time of India
20-07-2025
- Time of India
Five of bike theft gang active in Indore, Dewas held
Indore: Lasudia police have busted a notorious gang of motorcycle thieves active in Indore and Dewas with the arrest of five people. Also, 34 stolen motorcycles worth Rs 22 lakh, were recovered from them. Tired of too many ads? go ad free now Additional DCP Amrendra Singh said that acting on specific input, police arrested five persons involved in a series of two-wheeler thefts reported at several police stations in Indore and Dewas. During the operation, police also seized equipment used to tamper with engine and chassis numbers, along with three motorcycles that were already altered with fake identification numbers. The gang members, who learned motorcycle theft techniques from a Kanjar settlement at Piplarawa in Dewas, initially stashed the stolen vehicles in abandoned buildings and isolated spots within the city before delivering them to buyers based on demand. The accused used tools such as grinders, gas lighters, chisels, and specialised dyes to erase original numbers and stamp. So far, 19 FIRs were linked to the recovered motorcycles. ACP Aditya Patel said a team led by inspector Taresh Soni began intelligence gathering after receiving alerts on July 13 about a gang operating in Lasudia area and across Indore using Kanjar-style methods of bike theft. On the same day, two gang members — Abhishek Malviya (22) and Kailash alias Golu (24) — were arrested near Scheme 136 with a stolen bike and an illegal knife. Both sustained minor injuries while trying to flee. During questioning, the duo revealed that they were trained in Piplarawa and were active in thefts over the past couple of years. They confessed to selling bikes on demand, especially to one Jenpal Singh Sendhav (39) of Talod village, who was also arrested for buying and reselling the stolen motorcycles in rural markets, Patel said. The ACP said later, two more accused — Rahul Malviya (23) and Anil Panwar (22)— both involved in the theft and modification of the bikes were arrested. Tired of too many ads? go ad free now The accused revealed that they would cut ignition wires, hot-wire motorcycles parked in isolated places, and later hide them in vacant property until a buyer placed an order. Each of the accused played a specific role ranging from theft to tampering and selling. The massive haul includes vehicles registered in police cases across Lasudia, Vijay Nagar, Heera Nagar, Kanadia, Khajrana, Tilak Nagar, and several police stations in Dewas district.
Time of India
13-07-2025
- Time of India
Minor held with MD drugs worth over Rs 1.25 lakh in Indore
INDORE: Acting on the zero-tolerance policy against drugs, Khajrana police arrested a minor with over 12.5 grams of MD drugs valued at more than Rs 1.25 lakh. The minor was nabbed during a patrolling operation in Scheme No. 134 near Sahil Grand building. On spotting the police, the accused tried to flee but was quickly surrounded and caught. A search led to the recovery of the banned synthetic drug from his possession. During preliminary questioning, the minor confessed to being addicted to drugs and said he had been buying the substance at lower prices and selling it at higher rates to fund his addiction and make quick money. The police have registered a case under the NDPS Act, crime number 558/25, and taken the minor into custody for further investigation. Officials said they are now probing the supply chain and network linked to the juvenile and have obtained a police remand for further interrogation. More arrests are likely based on the information extracted from the minor. This action is part of a sustained crackdown on illegal narcotics in the city, said Additional DCP Amrendra Singh. The operation was carried out under the supervision of Khajrana police station in-charge Manoj Singh Sendhav.
Time of India
12-07-2025
- Time of India
Indore: 2 held for snatching mobile on Ring Road, stolen goods recovered
INDORE: Khajrana police on Saturday cracked a mobile-snatching case and arrested two accused within hours of the crime. Khajrana police station in-charge Manoj Sendhav said that the police had recently intensified patrolling and surveillance in hotspot areas across the zone to curb property-related crimes such as robbery, theft, and snatching. Tired of too many ads? go ad free now A detailed strategy was chalked out by Additional DCP Amrendra Singh and ACP Kundan Mandloi, and implemented by Khajrana police station in-charge Inspector Manoj Singh Sendhav. The incident occurred on July 8 around 6 PM when complainant Yogendra Yadav, a resident of Talawali Chanda, was standing in front of The Marriott Hotel on the Ring Road using his phone. Suddenly, two unidentified men on a black motorcycle, without a registration number, snatched his smart mobile from his right hand and fled towards the Khajrana crossing. A case under Section 304 of the Bharatiya Nyaya Sanhita was registered at Khajrana police station following the complaint. During investigation, the police examined CCTV footage from nearby shops and houses, which provided visual clues about the accused. Based on a tip-off, police learned that one of the suspects was spotted near Velocity Talkies. A team was immediately dispatched, and when the suspect attempted to flee upon seeing the police, he was chased down and apprehended. He was identified as Dharmendra Parihar, 21, a resident of Devki Nagar who works in fire alarm installation and has studied till Class IX. His associate, Ansh Yadav, 20, a fruit vendor from Sunder Nagar in Khajrana, was later arrested. He too had studied till Class IX. The police recovered the black motorcycle used in the crime and the stolen phone. During interrogation, the accused confessed to committing the crime to fulfill their personal desires and earn quick money. Further interrogation is underway to ascertain their involvement in other similar incidents in Khajrana and surrounding police station areas.
Time of India
01-07-2025
- Time of India
Knife wielding gang held for making social media reels
Indore: In a crackdown on youth flaunting weapons on social media, Kanadia police station in Indore arrested members of a knife-wielding gang, including two adults and four juveniles, and recovered six illegal knives from their possession. Additional DCP Amrendra Singh said that the group was making social media reels while brandishing sharp-edged weapons in public areas, allegedly drawing inspiration from gangsters and online content. On June 29, acting on a tip-off about a group of suspicious individuals gathering at Chor Bawdi Road, Kanadia police launched an immediate operation. A team was dispatched to the location, where officers surrounded the suspects and detained them. A search led to the seizure of four sharp-edged knives, one spring-action knife, and one dagger-like weapon. The arrested individuals, most of whom are minors, are residents of the Gandhi Nagar police station area. During questioning, they revealed that they were friends and came to the Indore bypass to hang out and create videos for social media platforms. The minors were heavily influenced by online trends and the portrayal of gang culture. Following the arrests, six separate FIRs were registered under relevant sections of the Arms Act at Kanadia police station, and further legal proceedings are underway. The action was taken under the directives of the Indore police commissioner, who has called for strict measures against individuals in possession of illegal weapons and those glamorising violence on social media. Kanadia Police station in charge Saharsh Yadav said that further investigations are underway, and their antecedents are being checked. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
