Five of 11 entities to go for QIPs trading in red; Lakshmi Vilas top loser

Institutional investors using the in qualified institutional placements (QIPs) route — an avenue for fresh fund raising by listed companies — have had a mixed year in terms of returns. 

So far this year, 11 companies have taken the QIP route. Of these, the share prices of six are above their issue price, while for the remaining five they are in the red. While investors have made decent returns on most deals, they have lost out heavily on three transactions.

Topping the list of losers is Lakshmi Vilas Bank (LVB), the stock of which is down 73 per cent from