"We are planning to raise about Rs 6,000 crore from the public and Rs 4,000 crore through private placement issues," chairman of IDBI, GP Gupta said

The mobilisation from the public would be higher this fiscal by Rs 1,000 crore as compared to the 1998-99 mop-up of Rs 5,000 crore, he said.

"We expect credit offtake to pick-up during this year and hence the higher mobilisation," he said adding that there were already signs of recovery in some sectors like cement which could push other allied sectors into the growth path.

Gupta said the institution's first public issue for the fiscal would hit the market by June-July period.

He, however, declined to give the size of the issue saying it would be decided later after the institution announces its annual results for 1998-99 in May.

Gupta said the institutionwould raise the required funds in various batches throughout this year and would be guided by corporates' fund requirements and interest rates prevailing at that point of time.