FPO Status: Closed [15th Jul 2020 to 17th Jul 2020]
Yes Bank FPO review covers all the information regarding the bank’s business overview, its strengths, weaknesses, financials, FPO objective, important dates, and much more. The Yes Bank FPO opens on 15th July 2020 and closes on 17th July 2020.
Yes bank is one of India’s largest private sector banks founded by Rana Kapoor. Since its establishment in 2004, the bank has grown to a full-service commercial bank offering a complete spectrum of financial products, services, and digital offerings to cater to the requirements of corporate, MSME, and retail customers. Being a full-service private commercial bank, it specializes in digital banking, merchant banking, investment banking, brokerage business (Yes Securities), and asset management by Yes Asset Management (Indira) Ltd.
India’s largest new generation private bank has presence all over the country with 28 states and 8 union territories. It has an extensive branch network with 1135 branches 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.
Although the bank is one of the country’s largest private sector bank, but with the heightened loan slippages in the last year, the bank is running through significant financial trouble. As a result, its net profit worth ₹42,332.2 million in 2018 sharply fell to ₹164,325.80 million in 2020. Currently, the bank’s keenly focuses to reorganize its bad loans to account for slippages.
As a rescue plan, India’s largest lender SBI bank has bought a 49% stake in Yes bank, still, the problem is not yet over. Hence, now, Yes Bank is all set to launch its FPO (follow-on public offer) to enhance its capital base for the maintain capital adequacy and support future growth and expansion plans. Let’s a walkthrough with the complete Yes Bank Ltd FPO details here as under;
The main purposes of the Yes bank FPO are listed below;
Yes Bank FPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Yes Bank Issue Details||Values|
|FPO Issue Type||Book Built Issue FPO|
|FPO Issue Size||₹14,983.33 Cr - ₹14,984.62 Cr|
|Face Value||₹2 Per Equity Share|
|FPO Issue Price||₹12 -₹13 Per Share|
|FPO Discount||Employee ₹1|
|Min Order Qty||1000|
|Max Retail Qty||15000|
|Promoter Holding Pre IPO|
|Promoter Holding Post IPO|
|IPO Listing At||BSE, NSE|
The table below is live update of FPO bidding details from NSE and BSE.
|2,751,282,051||1,850,000,000||4,316,666,667||181,818,181||9,099,766,899||1||15th Jul 2020 17:02||0.55x||0.04x||0.09x||0.05x||0.22x||2||16th Jul 2020 17:02||1.19x||0.11x||0.20x||0.11x||0.48x||3||17th Jul 2020 18:51||1.90x||0.63x||0.47x||0.32x||0.93x|
Past performance and financial results of Yes Bank.
|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|
In this section we have covered all imporatant dates related to Yes Bank FPO. Dates are updated as they are announced. The most noted dates are FPO start date and FPO end date, which one should use to participate in FPO.
|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|
* - Tentative Dates
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Yes Bank FPO Draft Prospectus >>Yes Bank FPO Draft Prospectus is not yet available, will update the link once its availble for Investors.
Yes Bank FPO Red Herring Prospectus >>Document
Yes Bank FPO Allotment Status >>Link
Last Updated on 2020-07-24T22:37:31+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Yes Bank FPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Yes Bank FPO with Zerodha.
Alternate approch to apply in Yes Bank FPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Yes Bank FPO, you can use the following methods:
|Yes Bank FPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Yes Bank FPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Yes Bank FPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Yes Bank FPO. Most of the Syndicate Banks provide access to apply in Yes Bank IPO via ASBA process. You must have your net banking access, DP ID information to apply in Yes Bank FPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Yes Bank FPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in Yes Bank FPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Yes Bank FPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Yes Bank FPO, please refer article >> Link
Steps to download the online application form for Yes Bank FPO
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Yes Bank FPO is going to be list on 27-07-2020. NSE Code for Yes Bank is YESBANK. BSE Code for Yes Bank is 532648.
Other relevant questions:When Yes Bank FPO will be listing? Yes Bank FPO NSE listing date?Yes Bank FPO date of listing.Yes Bank FPO BSE listing date?
Yes Bank FPO price for retail investor is ₹12 -₹13 Per Share. Company is also offering special discount for Employee ₹1.
Yes Bank FPO lot size for retail investor is 1000(Min) and 15000 (Max).
Other relevant questions:Yes Bank FPO lot details? Yes Bank FPO market lot? Yes Bank FPO details lot size?
To apply in one application of Yes Bank FPO you need ₹12 -₹13 Per Share(Issue Price) - Employee ₹1 (discount**) X 1000 (Minimum Order Qty) =₹13000.
* - Tentative Price
** - Applicable discount on specific category.