Multibagger stock, Jan. 26 -- Eco Recycling Limited, a waste management firm, announced on January 23 that the company is looking to raise funds via a Qualified Institutional Placement (QIP) process, according to an exchange filing.

A QIP fundraising process is a method of raising capital for publicly listed companies by selling their securities to large investors like qualified institutional buyers (QIB) operating in the stock market.

The data filing showed that the company aims to raise funds in exchange for issuing equity shares with a face of Rs.10 each to qualified institutional buyers under the supervision of the Securities and Exchange Board of India (SEBI).

"Proposed Qualified Institutions Placement (QIP) of equity shares of Rs...