Don’t have an account? Signup Now!
A follow-on public offer is a process of issuance of additional shares to investors by an already listed listed company. Yes Bank which is in process of launching its Follow-on Public Offer (FPO) to raise Rs. 15,000 crores, fixed the floor price of at Rs.12 to Rs.13/share, a discount of 55% against the last closing price. The bank in a regulatory filing said a discount of Rs.1/share will be given to the eligible employees of the bank bidding in employee reservation portion. Objects of the Issue: The proposed utilisation of the net proceeds is for ensuring adequate capital to support growth and expansion, including enhancing the bank's solvency and capital adequacy ratio. After Yes Bank collapse in 2019, SBI has bought around 49% stake and became the shareholder in the company. The bank is set to launch FPO (follow-on public offer) on July 15th, 2020 to recover from the huge bad debt and generate funds from the share sale to enhance the capital base. Company Promoters: Yes Bank is professionally managed and it doesn't have any identifiable promoter.
Company
Yes Bank Ltd
Issue Type
Book Built Issue FPO
Open Date
15 Jul
Close Date
17 Jul
Offer Price
₹12 to ₹13
Particulars
For the year/period ended (₹ in Million)
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets
2,578,321.64
3,808,596.10
3,124,496.54
Total Revenue
103,350.56
144,879.93
130,323.20
Profit After Tax
(164,325.80)
17,092.66
42,332.20
YES Bank is launching an Follow-on Public Offer (FPO) to raise Rs. 15,000 crores, fixed the floor price of at Rs. 12/share, a discount of 55% against the last closing price.
The FPO would be issued in between Jul 15, 2020 - Jul 17, 2020. The lot size is 1000 Shares and the minimum order quantity is 1000 Shares.
The finalization of Basis of Allotment for Yes Bank FPO will be done on July 22, 2020, and the allocated shares will be credited to your demat account by July 24, 2020.
The listing date is July 27, 2020.
- Login to your 5paisa mobile app - Click on Trade & select IPO session - Select Yes Bank FPO - Enter the number of lots and price - Enter your UPI ID and click on submit - Your bid will be placed with the exchange - You will receive a notification to block funds in your UPI app - Approve the block request - On acceptance of the mandate, the bid amount will get blocked in your bank account. - On allotment, the blocked amount will get deducted from your bank account and shares will be credited into your Demat account. (As this process is 5paisa specific, we would recommend you to check for the process you need to follow if you are trading through any other broker.)
Read more IPO FAQs
Open FREE Demat Account Today & Invest in IPOs at 0% Brokerage & Flat Fee per order.
What More?
Dont have an account? Register here.
Already Registered? Login here.
An OTP has been sent to your mobile number.Please verify to proceed.