IPO

Yes Bank Ltd FPO

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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.

Yes Bank Ltd FPO Subscription Details

Company

Yes Bank Ltd

Issue Type

Book Built Issue FPO

Open Date

15 Jul

Close Date

17 Jul

Offer Price

₹12 to ₹13

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Financial summary:

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




How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App
  • Click on Trade & select IPO section
  • 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

Yes Bank Ltd FPO Frequently Asked Questions

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

Contact Details of Yes Bank Ltd FPO

Company Contact Information

Yes Bank Ltd FPO
YES BANK Tower IFC-2 15th Flr,
Senapati Bapat Marg Elphinston,
Mumbai, Maharashtra 400013.

Phone: 91-22-33669000
Email: yestouch@yesbank.in
Website: https://www.yesbank.in/

Yes Bank Ltd FPO Register

Karvy Computershare Pvt Ltd

Yes Bank Ltd FPO Lead Manager(s)

  • DSP Merrill Lynch Ltd
  • Enam Financial Consultants Pvt Ltd

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