Yes Bank’s Capital raising committee has approved its plan of fund raising through further public offering (FPO).
Previously, RBI has imposed moratorium on Yes bank on March 5, 2020 which was later on lifted on March 18, 2020.
Yes Bank is in list of top private banks in India which was incepted in 2004; YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India.
State bank of India (SBI) has bought 49% stake in Yes Bank earlier in March this year.
Objects of the Issue
Ensuring adequate capital to support growth and expansion, including enhancing banks solvency and capital adequacy ratio.
Yes Bank RHP Download
Yes Bank FPO Details
| Yes Bank FPO Detail | |
| Issue Dates | Jul 15 – Jul 17, 2020 |
| Issue Size (Fresh Issue) | Rs. 15,000.00 Cr |
| Face Value | Rs. 2/- Per Share |
| Price Band | Rs. 12 – 13 Per share |
| Min Market Lot | 1000 Shares |
| Bidding Lot Amt | Rs. 13,000/- |
| Listing Platform | NSE, BSE |
| Min Investment Amt (Retail) | Rs. 13,000/- |
| Max Investment Amt (Retail) | Rs. 195,000 |
- Employee Discount – Rs. 2/- Per Share
Yes Bank FPO Schedule
| Offer Start Date | Jul 15′ 2020 |
| Offer End Date | Jul 17′ 2020 |
| Finalisation of Basis of Allotment | Jul 22′ 2020 |
| Initiation of Refunds | Jul 23′ 2020 |
| Credit of Shares to Demat Accounts | Jul 24′ 2020 |
| Listing Date of SBI Card IPO | Jul 27′ 2020 |