The Follow-on public offering (FPO) of Yes Bank is coming soon in the secondary market. Investors can fetch related details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The FPO is scheduled for July 15, 2020 with a price band of Rs.(Rs. 12-13) per equity share. The lot size of applying the IPO is for 1000 shares. One can apply via ASBA and UPI to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
The company was incorporated on November 21, 2003 in Mumbai, India. Yes bank is a private sector bank in India. It commenced its banking operations in India during May 2004 after a clear approval from RBI under section 22(1). The presence of the firm is widespread in 28 states and 8 union territories in India. Yes Bank has also an operational office in Abu Dhabi as of March 31, 2020. It deals into commercial bank segments majorly in merchant banking, digital banking, brokerage business, asset management and investment banking.It has established a wide network of 1,135 branches and 1,423 ATMs as on 31, 2020. It covers metro, urban, semi-urban and rural locations in India. It has also 50 dedicated SME branches in SME hubs.
Yes bank has approached and analyzed actively its bad loans as it continues to account for loan slippages in fiscal year 2020 following the coverage ratio on its NPA loans beyond the RBI requirements with a provision coverage ratio on advances at 73.77%. It has set various strategic objectives as rebuilding the foundation and calibrate growth over the next six to twelve months, stabilise liability mix and lower cost of funds to raise CASA ratio to more than 40% etc. In 2019, when Yes Bank has collapsed, SBI has acquired its 49% stake and designated as a shareholder of the bank.
Positive Outlook of the Firm:-
- Follows a simple and useful organizational structure to educate its staff,
- Various technology platform,
- A famous banking platform primarily for retail and SME advances,
- Strong governance and underwriting framework,
- Robust and capable strategies to cross-sell its banking products,
- Strong networking and presences across India,
- Follows customer centric approach.
Objects Of The Issue:-
The Offer includes of a Fresh Issue and an Offer for Sale-
- To adequate capital use for supporting its growth and expansion,
- To enhance its solvency and capital adequacy ratio.
Summary Of Issue:
|Issue Open: –||July 15, 2020 to Jul 17,2020|
|Issue Type||Book Built Issue FPO|
|Issue Size (Value)||(*) Equity Shares of Rs.2
(aggregating up to 15,000 Crore)
|Face Value||Rs. 2 Per Equity Share|
|Issue Price||Rs. 12- 13 Per Equity Share|
|Market lots||1000 Shares|
|Minimum Order Quantity||1000 Shares|
|Listing At||BSE, NSE|
Important dates for Yes Bank Limited FPO Allotment
Yes Bank Limited FPO allotment status would be available soon after the FPO closure date. Usually the allotment comes within a week from the closing date which in this FPO yet to be announced. Important Tantatives dates for Yes Bank Limited FPO are:
- The Allotment date for Yes Bank Limited FPO issue is expected on July 23, 2020
- The amount will get unblocked on July 24, 2020
- The Shares are expected to credit in DP accounts on July 24, 2020
- The Shares of Yes Bank Limited FPO is likely to get listed on July 28, 2020 on both BSE and NSE.
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Check Yes Bank Limited FPO Allotment Status
Yes Bank Limited FPO allotment status would be available soon after the FPO closure date. Usually the allotment comes within a week from the closing date which in this FPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
It takes little time to fetch information so you need to be little patient.
Download “Yes Bank Limited ” FPO Application Form
From NSE: click here
Open Your Demat Account to Invest in Upcoming IPO’s
Promoters Of The Company:-
Yes Bank is professionally managed and it doesn’t have any identifiable promoter.
Financials:- (Restated Consolidated Financial Record)
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||2,578,321.64||3,808,596.10||3,124,496.54|
|Profit After Tax (PAT)||(164,325.80)||17,092.66||42,332.20|
Lead Manager Details
Registrar To The Issue: –
KFIN Technologies Private Limited
Plot No 31 and 32, Tower B, Karvy Selenium,
Gachibowli, Hyderabad 500032
Tel: +91 40 67162222
Investor grievance e-mail: email@example.com
Contact person: Ms. ShobhaAnand / Mr. Sridhar B
SEBI registration Number: INR000000221
Registered Office Details: –
YES BANK Tower, IFC -2, 15th Floor,
SenapatiBapat Marg, Elphinstone (W),
Mumbai 400 013, Maharashtra, India
Tel: +91 (22) 3366 9000
Contact Person: ShivanandShettigar,
Company Secretary and Compliance Officer
Corporate Identity Number: L65190MH2003PLC143249
For More Details Contact us 011-42445800 / 9650901058