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Yes Bank Ltd FPO (Yes Bank FPO) Detail

Jul 15, 2020 - Jul 17, 2020

Incorporated in 2003, Headquartered in Mumbai Yes Bank is a private sector bank in India. It has developed as a full-service commercial bank offering banking and technology-driven product and services to fulfill the financial needs of MSME, corporate, and retail customers.

Yes Bank provides merchant banking, investment banking, and brokerage businesses through Yes Securities. The mutual fund business of the company is handled by YES Asset Management (India) Limited, a subsidiary of Yes Bank. It has a pan-India presence across 28 states and 8 Union Territories. One representative office of the bank is also established in Abu Dhabi in March 2020. As of March 31, 2020, the bank has 1,135 branches and 1,423 ATMs. Yes Bank has presence in metro, urban, semi-urban and rural locations across India.

Product and Services:

1. Investment Banking Solutions
2. Yes First Corporate Credit Card
3. Yes Prosperity Purchase Credit Card
4. Treasury and Risk Management Solutions
5. Loans
6. Transactions Banking Solutions
7. Debt Capital Markets
8. Surplus and Investments
9. Digital Banking

After Yes Bank collapse in 2019, SBI has bought around 49% stake and became the shareholder in the company.

The bank is set to launch FPO (follow-on public offer) on July 15th, 2020 to recover from the huge bad debt and generate funds from the share sale to enhance the capital base.

Competitive Strengths

1. Public-private ownership model
2. Strong technology backbone
3. Strong focus on retail and SME advances
4. Pan India presence

Company Promoters:

Yes Bank is professionally managed and it doesn't have any identifiable promoter.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,578,321.64 3,808,596.10 3,124,496.54
Total Revenue 103,350.56 144,879.93 130,323.20
Profit After Tax (164,325.80) 17,092.66 42,332.20

Objects of the Issue:

The proposed utilisation of the net proceeds is for ensuring adequate capital to support growth and expansion, including enhancing the bank's solvency and capital adequacy ratio.

Yes Bank FPO Details

IPO Opening Date Jul 15, 2020
IPO Closing Date Jul 17, 2020
Issue Type Book Built Issue FPO
Face Value ₹2 per equity share
IPO Price ₹12 to ₹13 per equity share
Market Lot 1000 Shares
Min Order Quantity 1000 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹2
(aggregating up to ₹15,000.00 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹15,000.00 Cr)
Employee Discount ?1 per share

Yes Bank FPO Tentative Timetable

The Yes Bank FPO open date is Jul 15, 2020, and the close date is Jul 17, 2020. The issue may list on Jul 27, 2020.

IPO Open Date Jul 15, 2020
IPO Close Date Jul 17, 2020
Basis of Allotment Date Jul 22, 2020
Initiation of Refunds Jul 23, 2020
Credit of Shares to Demat Account Jul 24, 2020
IPO Listing Date Jul 27, 2020

Yes Bank FPO Lot Size

The Yes Bank FPO market lot size is 1000 shares. A retail-individual investor can apply for up to 15 lots (15000 shares or ₹195,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1000 ₹13,000
Maximum 15 15000 ₹195,000

Note

  • QIB: 50% of the net offer; NIB: 15% of the net offer; Retail: 35% of the net offer
  • Employee reservation portion: Rs 200 cr
  • Employee discount: Rs 1 per share

Yes Bank FPO Subscription Status (Bidding Detail)

The Yes Bank FPO is subscribed 0.93 times on 7/17/2020 6:49:03 PM. The public issue subscribed 0.47 in the retail category, 1.90 in the QIB category, and 0.63 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.90
NII0.63
Retail0.47
Employee0.32
Total0.93

Yes Bank FPO Prospectus

Yes Bank FPO Rating

1039
3.8
Rating:Rated 3.8 stars
Vote Here ...

Yes Bank FPO Listing Date

Listing Date Monday, July 27, 2020
BSE Script Code 532648
NSE Symbol YESBANK
Listing In
ISIN INE528G01035
IPO Price ₹12 per equity share
Face Value ₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹12.00
₹12.30
₹12.30
₹12.30
₹12.30
NSE
₹12.00
₹12.30
₹12.30
₹12.30
₹12.30

Company Contact Information

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: shareholders@yesbank.in
Website: https://www.yesbank.in/

Yes Bank FPO Registrar

KFin Technologies Private Limited

Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: http://www.kfintech.com

Yes Bank FPO Questions

  1. Yes Bank, a leading private sector bank in India has come up with a follow-on public offer (FPO) to raise Rs 15,000 Cr. Yes Bank FPO opens on July 15 and closed on Jul 17. The issue is priced at Rs 12 to Rs 13 per equity share. The minimum order quantity is 1000 Shares. The funds are proposed to be used to support growth and expansion, including enhancing the bank's solvency and capital adequacy ratio.

     

  2. Most analysis and stock brokers recommended investing in Yes Bank FPO. Despite the troubles it has gone through in recent times, the retail investors could invest for short team gains as well as for the long term. The allotment in the retail category for this IPO is on a Proportionate basis (subject to minimum Bid Lot). This means chances of getting allotment increase when you apply for shares worth of Rs 2 lakhs. The public issue is expected to oversubscribe 20 times in retail.

     

  3. The allotment in the retail category of Yes Bank FPO will be done on a 'Proportionate basis, subject to minimum Bid Lot'. The market lot and the minimum order quantity are 1000 Shares.

     

  4. You can apply in Yes Bank FPO online using the net banking (ASBA) or IPO application provided by your broker (UPI). The issue opens for the public on July 15 and closed on Jul 17. Find steps to apply in Yes Bank IPO through popular brokers at Zerodha, Upstox, ICICI Bank, HDFC Bank and SBI Bank.

     

  5. Following investors can apply in yes Bank FPO:

    1. QIBs
    2. Non-Institutional (Companies, NRI, HUF, Trusts etc.)
    3. Retail Individual (Resident, NRI, HUF)
    4. Eligible Employees

     

Yes Bank FPO FAQs

Yes Bank FPO is a main-board FPO of [.] equity shares of the face value of ₹2 aggregating up to ₹15,000.00 Crores. The issue is priced at ₹12 to ₹13 per equity share. The minimum order quantity is 1000 Shares.

The FPO opens on Jul 15, 2020, and closes on Jul 17, 2020.

KFin Technologies Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Yes Bank FPO using UPI as a payment gateway. Zerodha customers can apply in Yes Bank FPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Yes Bank FPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Yes Bank FPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Yes Bank FPO opens on Jul 15, 2020 and closes on Jul 17, 2020.

Yes Bank FPO lot size is 1000 Shares and the minimum order quantity is 1000 Shares.

You can apply in Yes Bank FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Yes Bank FPO will be done on Jul 22, 2020, and the allotted shares will be credited to your demat account by Jul 24, 2020. Check the Yes Bank FPO allotment status.

The Yes Bank FPO listing date is on Monday, July 27, 2020.

Yes Bank FPO Message Board

Ranked Members  Ranked Members

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1843 Comments

835. Jatin Dilip Shah |Sep 27, 2020 5:48:40 PM
Review
834. MS ASSOCIATE |Sep 14, 2020 7:40:34 PM
ICICI Lombard General Insurance Company has entered into a bancassurance tie-up with Yes Bank.

-moneycontrol
833. Prayag |Sep 12, 2020 11:29:03 PM
ICRA upgrades Yes bank ratings.
Another UC on Monday?
832. The BuLLz EyE |Sep 11, 2020 12:51:45 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Upper circuit @ 14.55 after a very long time
831. The BuLLz EyE |Sep 10, 2020 6:59:53 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Yes Bank repays full Rs 50,000 crore to RBI, says no merger plans with SBI
830. The BuLLz EyE |Aug 25, 2020 6:48:32 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
no message today
lagta hai sabne bech diye
830.1. Mr. Singh |Sep 1, 2020 12:06:14 PM
Hold kerke baithe hai... hoping for 25+ next year.
829. ARVIND BANSAL |Aug 28, 2020 10:26:00 AM
D mat a/c open karna h kisme a/c open karaye jiski brockage kam ho
Thanks
829.1. The BuLLz EyE |Aug 28, 2020 10:43:03 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
if you ignore brokerage, i think Sharekhan is most user friendly
829.2. Mr. Singh |Aug 31, 2020 10:15:53 PM
Go for any top discount broker like zerodha, angel, 5paisa etc.
828. sonal patel |Aug 24, 2020 11:41:24 PM
IPO Guru IPO Guru (1100+ Posts, 4700+ Likes)
Happiest Minds gets Sebi's nod to launch IPO
827. The BuLLz EyE |Aug 24, 2020 2:18:53 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Why is this sinking again?
826. The BuLLz EyE |Aug 19, 2020 10:14:22 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Few positive news:

Yes Bank offloads 8.3% stake in CG Power, hedge fund sells 1.77 lakh shares in Som Distilleries

Yes Bank repays Rs 35,000 crore to RBI
826.1. Sunny Sen |Aug 24, 2020 1:06:06 PM
This is really good and great news for retail investor. Wowoooo
825. Aniketiaf |Aug 24, 2020 11:01:06 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Again added a few at 14 .95
824. Aniketiaf |Aug 17, 2020 4:24:12 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Added a little qty of Yes bank @ 14.32
824.2. Aniketiaf |Aug 20, 2020 10:56:43 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Sold a little @ 16.35
824.3. Anurup |Aug 20, 2020 4:55:17 PM
Sir jee
I have followed you this time also exactly at the time/rate of purchase and at rate of sell and booked about 14% profit in just two days. ????????????????
Thank you sir.
Keep guiding/indicating us as usual .
823. The BuLLz EyE |Aug 19, 2020 5:17:51 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
16.55 on NSE almost certain tomorrow
822. AnupAG |Aug 18, 2020 9:42:13 PM
Sometimes, its not a stock but its your entry point which makes a big big difference.

VILLAIN for many and HERO for few ..

"Yes Bank" - Still Shining ????
822.1. mark bab |Aug 19, 2020 2:44:45 PM
wahh..dialogue!!
821. The BuLLz EyE |Aug 17, 2020 4:47:46 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Another U-Turn is possible tomorrow ?
High probability
821.1. The BuLLz EyE |Aug 18, 2020 10:38:48 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
yes it happened
hope market remains positiive
821.2. The BuLLz EyE |Aug 19, 2020 12:47:35 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
we may see 17+ in the current upside move of the stock before it starts correcting again
820. MS ASSOCIATE |Aug 18, 2020 6:11:47 PM
SBI CARD 52 WEEK HIGH--824.65
819. Kajal Trivedi |Aug 18, 2020 2:31:03 PM
UC 15.05 at NSE (Yes Bank)
818. JAY ANSHUMAN |Aug 18, 2020 2:03:51 PM
y
817. Earthking |Aug 17, 2020 10:19:54 PM
Top Contributor Top Contributor (200+ Posts)
I am planning to add some qty tomorrow ... May be trend reversal expected in the next two sessions ...
816. AnupAG |Aug 17, 2020 5:55:20 PM
@Aniketiaf sir you are rocking this forum...hats off to you...