An FPO (Follow-on Public Offer) is a process by which a company already listed in an exchange to issue shares to the public. Like an IPO (Initial Public Offers), this issue can be in the form of new shares or an offer for sale from the promoter or major investor group. Yes Bank is issuing new shares to raise additional capital. Here we are discussing full details of YES Bank FPO.
About the company:-
Yes Bank Limited is a Mumbai based Company incorporated in 2004. as we all know Yes Bank is a private sector bank in India. Yes Bank offers a wide range of banking and financial services for corporate and retail customers through retail banking and asset management services. Yes Bank has three subsidiaries – Yes Bank, Yes Capital, and Yes Asset management Services.
Yes Bank provides Unified Payments Interface (UPI) services for a large number of companies, such as Airtel, Cleartrip, RedBus, and PhonePe among others. In January 2020, it was responsible for handling 514 million UPI transactions out of the 1.31 billion made that month. On 30th May 2020, Yes bank has acquired over 24% of stake in dish TV India.
Yes Bank shares listed on the BSE(Bombay Stock Exchange) and the NSE(National Stock Exchange) of India and Yes Bank was listed in the stock exchanges of India post its IPO in May 2005 at an issue price of ₹45.
at the end of this financial year (2019-20), Yes Bank has 1,135 branches and 1,423 ATMs. Yes Bank has presence in metro, urban, semi-urban and rural locations across India.
Yes Bank FPO Dates, Price Band, Lot size :–
| Bid Open: | 15 July 2020 |
| Bid Close: | 17 July 2020 |
| FPO Size: | Approx ₹15000 Crore |
| Price Band: | ₹12 – ₹13 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NIB Portion: | 15% |
| Lot Size: | Minimum 1000 Shares Maximum 15000 Shares |
| Minimum Amount: | ₹13000/- |
| Maximum Amount: | ₹19500/- |
Yes Bank FPO Tentative Date:-
| Finalisation of Basis of Allotment: | 22 July 2020 |
| Initiation of Refunds: | 23 July 2020 |
| Credit to Demat Account: | 24 July 2020 |
| FPO Listing Date: | 27 July 2020 |
How to Apply for Yes Bank FPO:-
Any person who wants to apply for IPO can apply through ASBA facility available in your Bank Account you have to just log in to your net banking and go to Investor option and select Yes Bank FPO, and if you have not Net banking then you can apply offline through Filling form with your Brokers.
Note:- In Yes Bank FPO, Company has reserve ₹200 crore portion for his employees and company will give a discount of ₹1 per share.
Company Registered Address:–
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 book running lead managers:–
- 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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