Mumbai: Fiscal 2016-17 was a bumper year for public offers by small and medium companies. According to data compiled by Prime Database, there were as many as 78 SME IPOs which collected a total of Rs. 807 crore in FY17, as against 50 IPOs raising Rs. 311 crore in FY16. In fact, this is a [&hellip…
Tag: Qualified Institutional Placement (QIP)
United Bank bets big on MSME sector
State-run United Bank of India has said it will focus its lending on Micro, Small and Medium Enterprises (MSMEs) and retail according to news agencies. The bank is planning to raise up to INR 1000 crore in one or more tranches through Qualified Institutional Placement (QIP) for which it sought sh…