The Yes Bank FPO is a Rs 15,000.00 crore book-built issue. This is a whole new problem. The Yes Bank FPO auction was held from July 15, 2020, to July 17, 2020. The Yes Bank FPO allotment was completed on Wednesday, July 22, 2020. On July 27, 2020, the shares were listed on the BSE and NSE. The pricing range for Yes Bank FPO is ₹12 to ₹13 per share. An application must have a minimum lot size of 1000 shares. Retail investors are required to invest a minimum of ₹13,000. Up to 181,818,181 shares of the issuance are reserved for employees and are available at a discount of Rs 1 from the issue price.
Founded in 2003, with its main office located in Mumbai, In India, Yes Bank is a private sector bank. In order to meet the financial demands of MSME, corporate, and retail clients, it has evolved into a full-service commercial bank that provides banking as well as technologically advanced products and services. Through Yes Securities, Yes Bank offers investment banking, brokerage services, and merchant banking. A Yes Bank subsidiary, YES Asset Management (India) Limited, is in charge of the company’s mutual fund activity. It is present in 28 states and 8 Union
Territories throughout all of India In March 2020, the bank opened a single representative office in Abu Dhabi. The bank has 1,423 ATMs and 1,135 branches as of March 31, 2020. Throughout India, Yes Bank is present in rural, semi-rural, and metropolitan areas.
Product and Services:
- Investment Banking Solutions
- Yes First Corporate Credit Card
- Yes Prosperity Purchase Credit Card
- Treasury and Risk Management Solutions
- Loans
- Transactions Banking Solutions
- Debt Capital Markets
- Surplus and Investments
- Digital Banking
Following the collapse of Yes Bank in 2019, SBI acquired approximately 49% of the company and became a shareholder. On July 15, 2020, the bank plans to initiate a follow-on public offer, or FPO, in order to raise capital to improve its capital base and pay off a sizable amount of bad debt.
Yes Bank FPO Details
| IPO Date | July 15, 2020 to July 17, 2020 |
| Listing Date | July 27, 2020 |
| Face Value | ₹2 per share |
| Price Band | ₹12 to ₹13 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹15,000.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹15,000.00 Cr) |
| Employee Discount | Rs 1 per share |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
Yes Bank FPO Timeline
| IPO Open Date | Wednesday, July 15, 2020 |
| IPO Close Date | Friday, July 17, 2020 |
| Basis of Allotment | Wednesday, July 22, 2020 |
| Initiation of Refunds | Thursday, July 23, 2020 |
| Credit of Shares to Demat | Friday, July 24, 2020 |
| Listing Date | Monday, July 27, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 17, 2020 |
Yes Bank FPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,751,282,051 (30.23%) | NA |
| NII (HNI) Shares Offered | 1,850,000,000 (20.33%) | |
| Retail Shares Offered | 4,316,666,667 (47.44%) | 4,316,666 |
| Employee Shares Offered | 181,818,181 (2.00%) | NA |
| Total Shares Offered | 9,099,766,899 (100%) |
Objects of the Issue (Yes, Bank FPO Objectives)
- The proposed utilization of the net proceeds is for ensuring adequate capital to support growth and expansion, including enhancing the bank’s solvency and capital adequacy ratio.
Yes Bank FPO Listing Details
| Listing Date | July 27, 2020 |
| BSE Script Code | 532648 |
| NSE Symbol | YESBANK |
| ISIN | INE528G01035 |
| Final Issue Price | ₹12 per share |
Yes Bank Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹12.00 | ₹12.00 |
| Open | ₹12.30 | ₹12.30 |
| Low | ₹12.30 | ₹12.30 |
| High | ₹12.30 | ₹12.30 |
| Last Trade | ₹12.30 | ₹12.30 |
Yes Bank Ltd Contact Details
Yes Bank Ltd
YES BANK Tower, IFC – 2, 15th Floor,
Senapati Bapat Marg, Elphinstone (W),
Mumbai 400 013, India
Phone: +91 (22) 3366-9000
Email: [email protected]
Website: https://www.yesbank.in
Yes Bank FPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Yes Bank FPO FAQs
Q1. What is Yes Bank FPO?
Ans. Yes Bank FPO is a main-board FPO of [.] equity shares of the face value of ₹2, aggregating up to ₹15,000.00 Crores. The issue is priced at ₹12 to ₹13 per share. The minimum order quantity is 1000 shares. The FPO opens on July 15, 2020, and closes on July 17, 2020.
Q2. When Yes Bank FPO will open?
Ans. The Yes Bank FPO opens on July 15, 2020 and closes on July 17, 2020.
Q3. What is the lot size of Yes Bank FPO?
Ans. Yes Bank FPO lot size is 1000 Shares, and the minimum amount required is ₹13,000.
Q4. When is Yes Bank FPO listing date?
Ans. The Yes Bank FPO listing date is on July 27, 2020.
