What Happened
Piramal Finance’s first QIP since listing attracted bids worth around Rs 21,000 crore, nearly 10 times the Rs 2,100 crore on offer, amid strong demand from global investors and major domestic mutual funds. BlackRock, Goldman Sachs Asset Management and several leading Indian AMCs participated in the issue, which was priced at the upper end of the Rs 2,000-2,110 range.