Yes Bank Ltd FPO (Yes Bank FPO) Detail
In order to boost capital levels in line with regulatory norms, Yes Bank Ltd is launching its Follow-on Public Offer (FPO) to raise Rs 15,000 crore from the market. The price band for the issue has been fixed at Rs 12 to Rs 13 per share — which is substantially lower than market price of Rs 25.60 at close at the National Stock Exchange Friday.
ABOUT THE COMPANY:
Yes Bank Ltd is incorporated in 2004 based in Mumbai.Yes Bank Ltd is one of the private sector banks in India. The bank provides merchant banking, investment banking, and brokerage businesses through Yes Securities. YES Asset Management (India) Limited is handling the mutual fund business of Yes Bank. They have a presence in 28 states and 9 union territories.
Yes Bank has an extensive branch network with 1135 branches and 1,423 ATMs across India. The bank was recognized with many honors such as Best Technology Bank of the Year, Best Bank for SMEs in India, Best Employer Brand, and many others.
State Bank of India( SBI) bought around 49% stake in Yes Bank due to collapse in the bank. State bank of india(SBI) become a shareholder in Yes Bank and now they are coming up with FPO to recover from the debt and they want to enhance the capital base as well.
Yes Bank Ltd FPO Objective
- To ensure adequate capital required to support its growth and expansion plans
- To manage bank’s solvency position and capital adequacy ratio.
Yes Bank LtdFPO Strengths:
1. Public-private ownership model
2. Strong technology backbone
3. Strong focus on retail and SME advances
4. Pan India presence
Yes Bank Ltd Financials:
| Yes Bank Ltd FPO Financials | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|
| Total Assets | ₹257832.16 Cr | ₹380859.61 Cr | ₹312449.65 Cr |
| Total Revenue | ₹10335.06 Cr | ₹14488.00 Cr | ₹13032.32 Cr |
| Net Profit/Loss | ₹(16432.59) Cr | ₹1709.27 Cr | ₹4233.22 Cr |
Yes Bank Ltd FPO Details:
| IPO Date | Jul 15, 2020 – Jul 17, 2020 |
| Issue Type | Book Built Issue FPO |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹15,000.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹15,000.00 Cr) |
| Face Value | ₹2 Per Equity Share |
| IPO Price | ₹12 to ₹13 Per Equity Share |
| Employee Discount | ₹1 per share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE, NSE |
Yes Bank FPO important Dates:
| FPO Issue Open Date | 15th Jul 2020 |
| FPO Issue Close Date | 17th Jul 2020 |
| Basis of Allotment Finalisation Date* | 22nd Jul 2020 |
| Refunds Initiation* | 23rd Jul 2020 |
| Credit of Shares to Demat Account* | 24th Jul 2020 |
| FPO Listing Date* | 27th Jul 2020 |
Yes Bank Ltd FPO Lot Size and Price (Retail):
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹13,000 |
| Maximum | 15 | 15000 | ₹195,000 |
IMPORTANT NOTE:
- QIB: 50% of the net offer; NIB: 15% of the net offer; Retail: 35% of the net offer
- Employee reservation portion: ₹200 cr
- Employee discount: ₹1 per share
Yes Bank Ltd FPO Prospectus:
CLICK HERE Yes Bank FPO RHP
Company Contact Information
YES BANK Tower, IFC – 2, 15th Floor,
Senapati Bapat Marg, Elphinstone (W),
Mumbai 400 013, IndiaPhone: +91 (22) 3366 9000
Email: shareholders@yesbank.in
Website: https://www.yesbank.in/
Yes Bank Ltd FPO Registrar
KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Rangareddi Telangana, India
Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: http://www.kfintech.com
Yes Bank Ltd FPO Lead Manager(s)
- Axis Bank Limited
- BoA Merrill Lynch
- Citigroup Global Markets India Private Limited
- HSBC Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
- YES Bank Limited
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