A CASE STUDY ON YES BANK’S QIP FAILURE

  CA Vibha Singh,  Resham Agarwal

QIP (Qualified Institutional Placement) is capital raising instrument which is otherwise called private situation. In which a recorded organization can issue value offers, completely and somewhat convertible debentures or some other securities other than a warrant which are convertible to value shares to a qualified institutional purchaser (QIB). YES BANK Limited is a private area bank. The Bank gives keeping money administrations, as corporate and institutional saving money, budgetary markets, speculation saving money, corporate fund, branch saving money, business and exchange saving money, and riches administration. The Retail Banking has administrations like loaning, tolerating stores and other related administrations offered to retail clients. On September 7th 2016, Yes Bank opened its QIP at a rebate of 5% from the last shutting cost. Toward the start of the eighth September 2016, the QIP was said to be oversubscribed, however because of the absence of correspondence among the financiers, the market value began to get lower than the floor cost of the QIP subsequently of which the speculators who had as of now contribute pulled back their venture at the most recent minutes. Did the QIP got scratched off as well as even the market cost of the share likewise endured. Because of the absence of coordination among the brokers and no legitimate correspondence for a considerable length of time set off the frenzy among the shareholder which assumed a part in the wiping out of the QIP.

Keywords- QIP, Corporate Finance, Private Placement, Basel III, CAR, Financial Specialist

Unique Identification Number - IJEDR1702128
Page Number(s) - 770-774
Pubished in - Volume 5 | Issue 2 | April 2017
DOI (Digital Object Identifier) -   
Publisher - IJEDR (ISSN - 2321-9939)

  CA Vibha Singh,  Resham Agarwal,   "A CASE STUDY ON YES BANK’S QIP FAILURE", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.5, Issue 2, pp.770-774, April 2017, Available at :http://www.ijedr.org/papers/IJEDR1702128.pdf