Of the 76 per cent, FIs and banks have accounted for 40 per cent share, followed by the state-level undertakings at 22 per cent, PSUs at 13 per cent and state financial institutions at 1 per cent. State-level undertakings ended upraising Rs 6,726 crore as against Rs 2,630 crore in 1996-97. These resources have primarily been raised for funding infrastructure projects. SBI Caps topped the list of merchant bankers in terms of the amount mobilised at Rs 12,812 crore, followed closely by DSP Merrill Lynch and RR Financial. While only 15 private sector companies had made placements in 1995-96 for an amount of Rs 528 crore (5 per cent share), fiscal 1996-97 saw this figure jump to 111 companies raising Rs 1,813 crore (10 per cent share). The FIs, banks and private sector finance companies continued to dominate the market, cornering Rs 14,342 crore or 47 per cent the total amount raised.