QIP Tracker India: Following the Filings That Matter
A QIP tracker for India follows one thing: the sequence of exchange filings that a qualified institutional placement produces. A QIP is fast by design, often opening and closing within days, so the useful window for following one is short and the filings are the only public record of it. A tracker is worth having because it turns a scattered set of announcements into a dated sequence you can read in order.
Definition
A QIP tracker
follows the dated exchange filings that a qualified institutional placement generates for a listed Indian company: the board meeting intimation, the outcome of that meeting, the special resolution notice, the issue opening and closing, the allotment, and the resulting shareholding pattern. Source: SEBI LODR Regulations, 2015, and SEBI ICDR Regulations, 2018.
The filing sequence a QIP produces
| Stage | Filing | What it adds |
|---|---|---|
| Board considers fund raising | Prior intimation under LODR Reg 29 | Earliest signal, before terms exist |
| Board approves the route | Outcome of board meeting under LODR Reg 30 | Confirms QIP as the chosen route and usually the size |
| Shareholder approval | Notice for the special resolution and the voting result | Authorises the issue and the amount |
| Issue opens and closes | Intimation to the exchanges, floor price disclosed | The floor price and any discount become public |
| Allotment | Allotment disclosure | Number of shares issued, and allottees above the threshold |
| Ownership confirmed | Shareholding pattern under LODR Reg 31 | Institutional holders above 1 percent appear by name |
The gap between the shareholder approval and the issue opening is where a QIP tracker earns its keep. A special resolution is typically valid for a period after it is passed, so a company can approve an enabling resolution and then launch weeks or months later when it chooses. Watching only for the launch means missing the authorisation entirely.
Minimum ten per cent to mutual funds
The share of eligible securities in a qualified institutional placement that must be allotted to mutual funds, with any unsubscribed part available to other qualified institutional buyers
Source: SEBI ICDR Regulations, on allotment conditions for qualified institutional placements
What the pricing filing tells you
Under Regulation 176 of the SEBI ICDR Regulations, 2018, the QIP floor price is the average of the weekly high and low of the closing prices of the shares over the two weeks preceding the relevant date. A company may issue at up to a 5 percent discount to that floor with shareholder approval.
That formula makes two things checkable rather than opinion. The floor price is computable from public market data, so a disclosed floor can be verified. And the discount, if any, is a disclosed number rather than an inference. See what is a QIP for the full mechanics.
What a QIP tracker cannot do
It cannot name every buyer. A QIP is a placement with qualified institutional buyers. Allottees above the disclosure threshold are named in the allotment filing, and holders above 1 percent appear in the next shareholding pattern. A fund taking a smaller slice will not be separately identified anywhere.
It cannot tell you whether the money was well raised. The filings tell you the size, the price and the dilution. What the capital is for appears in the objects of the issue, and whether it was used that way appears later in the statement of deviation and variation, which since the quarter ending December 2024 is filed inside Integrated Filing (Financial).
It is not the same as a preferential allotment tracker. The two routes have different allottees, different pricing formulas and different lock-ins. See preferential allotment versus QIP and how to track preferential allotments.
Reading a QIP against the ownership record
The most useful follow-up to a QIP is the confirmation layer. Check the ten-day shareholding pattern under Regulation 31(1)(c) rather than waiting a quarter, then read the next quarterly shareholding pattern to see whether the institutions who took the placement were still there at quarter end. If a name appears in QIPs at several unrelated companies, that is a pattern across the record rather than a single event. See what is smart money convergence.
Also worth watching after the issue: any bulk or block deal in the name, since a QIP allottee reducing a position leaves a trace on the same-day deal tape.
That is what a QIP tracker for India is actually tracking: six dated filings and one ownership confirmation. Flock reads these disclosures from the exchange files, keeps each one dated and linked back to the source, and alerts on the companies you follow. Coverage and plans are on the pricing page. What any placement means for your own position is your call to make. Not investment advice.
Frequently asked questions
What does a QIP tracker for India follow?
The exchange filings a qualified institutional placement generates: the board meeting intimation, the outcome of the board meeting, the special resolution notice, the opening and closing of the issue, the allotment disclosure, and the shareholding pattern that follows. Each is a dated public filing with NSE and BSE. Source: SEBI LODR Regulations, 2015, and SEBI ICDR Regulations, 2018.
Does a QIP show up in the shareholding pattern immediately?
If it is large enough, within ten days. Under Regulation 31(1)(c) of the LODR Regulations, a listed entity files a shareholding pattern within ten days of a capital restructuring that changes total paid-up share capital by more than 2 percent, which most QIPs will do. Source: SEBI FAQs for LODR Regulations, updated 23 April 2025.
Can a QIP tracker tell you which funds bought?
Not always, and not immediately. A QIP is allotted to qualified institutional buyers, and the allotment disclosure names allottees above the disclosure threshold. Institutional holders above 1 percent then appear by name in the next shareholding pattern. Below those thresholds, individual buyers are not separately identified. Source: SEBI ICDR Regulations, 2018, and SEBI LODR Regulations, 2015.
Is at least part of a QIP reserved for mutual funds?
Yes. A minimum of ten per cent of eligible securities in a qualified institutional placement must be allotted to mutual funds, and if mutual funds do not subscribe to that minimum or any part of it, the unsubscribed portion may be allotted to other qualified institutional buyers. Source: SEBI ICDR Regulations.
Flock tracks these filings, sourced, dated, and linked back to the original. See what smart-money entities disclosed, without the guesswork about what it means.
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.