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Yes Securities IPO Review


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Yes Securities (YSL) Limited is a Bangalore based stockbroker and financial service provider. Yes Securities s part of Yes Bank. They provides a range of financial services including stock, currency and derivatives trading at BSE and NSE. It also provides other services like depositories, Mutual Funds and IPOs etc.

Yes Securities (YSL) offers a 3-in-1 account. It has 2 brokerage plans- 'Invest Value' and 'Invest Advantage'. It also offers Demat account opening and other related depository services.

Yes Securities (YSL) offers both online and offline services to its customers. It offers web-based online trading software and mobile trading app for customers who want to trade online. Customers who cannot trade online can place their orders at the branch offices of YSL. A dedicated relationship manager (RM) is provided to customers who need assistance in trading. The RM takes care of customer need and works one point of contact. YSL also offers a paid Call-n-Trade facility wherein orders can be placed over the phone.

Yes Securities (YSL) has a team of research analysts who offer free research and trading advice to all its customers. The team conducts technical and fundamental analysis of stocks and suggests short-term and long-term trading advice. Yes Securities (YSL) offers free trading software to all its customers.

Initial Public Offer (IPO)

Privately held companies, both Mainline and SME, need to go through the Initial Public Offer or IPO process to sell their shares to general investors for the first time. Through an IPO, a company is listed on the stock exchange.

Companies take the IPO route to raise funds to meet their various business objectives like business expansion, debt repayment or general corporate purposes.

Investors are categorized into 3 types in an IPO- Retail Individual Investors (RIIs), Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs). Each investor category has a fixed allocation quota 35% for RIIs, 15% for NIIs and 50% for QIBs respectively.

IPOs offer a good investment opportunity for retail investors. Some invest in an IPO for short-term listing gains while some for long-term stock appreciation.

Apply in an IPO with Yes Bank

Yes Bank offers Online IPO Application to its customers. 'SL customers can apply in IPO's using ASBA 'Net Banking' facility offered by YES Bank. After allotment, the shares will be credited in your Yes Securities (YSL) Demat Account.

In addition to IPO application services, YES Securities also offers research services on IPOs.

Easy Steps to Apply in an IPO using YES Bank ASBA Facility

Following are the steps Yes Securities (YSL) customers need to take to apply in IPO's-

  1. Log on Yes Bank NetBanking and click on the 'mySPACE' option from the top menu.
  2. Click on 'e-IPO' on the top right-hand menu. You will be taken to the IPO Online System.
  3. Select the IPO from the list of active IPOs.
  4. Enter your IPO bidding details like price and lot size
  5. Click Submit

You get a confirmation from your bank for your application successfully submitted to the exchange by end of the day.

The IPO shares (on allotment) will be credited to your Yes Securities (YSL) Demat Account. They are available for trading from the day of listing of IPO shares.

The IPO application amount will remain locked in your Yes bank account till the allotment is done. On allotment, the amount will be debited from the bank account. In the case of non-allotment, the amount will be unlocked.

Frequently Asked Questions

  1. 1. I have an account with Yes Securities. Can I apply in an IPO?

    Yes, you can apply in an IPO using your savings account with Yes Bank and Demat account with Yes Securities. You have to use the net banking services of your bank to apply in an IPO.

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  2. 2. How do I apply in an IPO using my Yes Securities trading account?

    It's easy and simple to apply in IPO through Yes Bank net-banking. The process is explained above.

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  3. 3. How to sell IPO Shares with Yes Bank?

    You can sell the shares from the day the IPO issuing company is listed on the exchange. The process of selling IPO shares is the same as any other shares of a company.

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  4. 4. Who can apply in IPO's with Yes Bank?

    The IPO Application is only for resident individuals and applications cannot be made on behalf of a Corporate, HUF, Trust, Minors etc.

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  5. 5. How much fee do I have to pay to apply IPO online with Yes Bank?

    Yes bank doesn't charge any fee for applying in IPO.

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  6. 6. Does Yes Bank offer online IPO services to its NRI customers?

    No, Yes bank don't offer IPO's to NRI's.

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  7. 7. Does Yes Bank provide IPO research reports?

    Yes, YES Bank offers detail research reports about IPO's to its Clients. The IPO notes are offered for mainline IPO's.

    While these reports provide detail view about the IPO, they do not offer recommendations.

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Yes Securities Competitors Review

Information on this page was last updated on Wednesday, November 20, 2019


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