SpiceJet has successfully raised INR 3,000 crore through its recently completed Qualified Institutional Placement (QIP), which was significantly oversubscribed by investors. The QIP, which ran from September 16 to September 18, garnered an enthusiastic response from qualified investors, reflecting strong confidence in the company’s growth potential.
The placement attracted a diverse range of top-tier institutional investors and mutual funds, reinforcing the market’s belief in SpiceJet’s capability to overcome industry challenges and capitalize on the increasing demand in the aviation sector.
Notable global investors, including Goldman Sachs (Singapore), Morgan Stanley Asia, BNP Paribas Financial Markets ODI, Nomura Singapore Limited ODI, Tata Mutual Fund, Discovery Global Opportunity Ltd, Societe Generale ODI, Authum Investment and Infrastructure Limited, Bandhan Infrastructure Fund, White Oak, Carnelian Bharat Amrikaal Fund, 360 ONE Equal Opportunity Fund, and The Jupiter Global Fund, have all shown their confidence by participating in the QIP.
In addition to the INR 3,000 crore raised, SpiceJet will also secure an extra INR 736 crore from a previous funding round, further enhancing its financial stability and growth initiatives.