Bookbuilding FPO | ₹15,000 Cr | Listed at BSE, NSE | Wed, Jul 15, 2020 - Fri, Jul 17, 2020
Yes Bank FPO is a book build issue of ₹15,000.00 crores. The issue is entirely a fresh issue of 1,250.44 crore shares of ₹15,000.00 crore.
Yes Bank FPO bidding started from Jul 15, 2020 and ended on Jul 17, 2020. The allotment for Yes Bank FPO was finalized on Jul 22, 2020. The shares got listed on BSE, NSE on Jul 27, 2020.
Yes Bank FPO price band is set at ₹12 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹13,000 (1000 shares) (based on upper price). The lot size investment for sNII is 17 lots (17,000 shares), amounting to ₹2,04,000, and for bNII, it is 84 lots (84,000 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 18,18,18,181 shares for employees offered at a discount of ₹1.00 to the issue price.
Axis Bank Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Yes Bank FPO RHP for detailed Information.
FPO Open
Wed, Jul 15, 2020
FPO Close
Fri, Jul 17, 2020
Issue Price
₹12 per share
Market Cap (Pre-IPO)
₹324.00 Cr
| IPO Date | 15 to 17 Jul, 2020 |
| Listed on | Mon, Jul 27, 2020 |
| Face Value | ₹2 per share |
| Price Band | ₹12 to ₹13 |
| Issue Price | ₹12 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹1.00 |
| Total Issue Size | 12,50,44,33,750 shares (agg. up to ₹15,000 Cr) |
| Fresh Issue | 12,50,44,33,750 shares (agg. up to ₹15,000 Cr) |
| Share Holding Pre Issue | 20,00,00,000 shares |
| Share Holding Post Issue | 27,00,00,000 shares |
| BSE Script Code / NSE Symbol | 532648 / YESBANK |
| ISIN | INE528G01035 |
Yes Bank FPO comprises a total issue size of 12,51,51,51,513 shares. The net offer to the public is 12,33,33,33,332 shares, after excluding 18,18,18,181 shares under a preferential allotment. Of the Net offer 6,16,66,66,665 (50.00%) are allocated to QIB, 1,85,00,00,000 (15.00%) allocated to NII 4,31,66,66,667 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 6,16,66,66,665 | 50.00% | 49.27% | NA |
| − Anchor Investor Shares Offered | 3,41,53,84,614 | 27.29% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 2,75,12,82,051 | 21.98% | NA | |
| NII (HNI) Shares Offered | 1,85,00,00,000 | 15.00% | 14.78% | NA |
| Retail Shares Offered | 4,31,66,66,667 | 35.00% | 34.49% | 43,16,666 |
| Preferential Reservations | ||||
| Employee Shares Offered | 18,18,18,181 | 1.45% | NA | |
| Total Shares Offered | 12,51,51,51,513 | 100.00% | 100.00% | |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹12,000 |
| Retail (Max) | 16 | 16,000 | ₹1,92,000 |
| S-HNI (Min) | 17 | 17,000 | ₹2,04,000 |
| S-HNI (Max) | 83 | 83,000 | ₹9,96,000 |
| B-HNI (Min) | 84 | 84,000 | ₹10,08,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment our long-term capital requirements in order to successfully implement our growth3,018.12plans, to increase our paid-up equity capital in compliance with the licensing directives ofRBI and to diversify our shareholding pattern | 301.81 |
| 2 | Estimated Issue expenses | 13.19 |
The Yes Bank FPO is subscribed 0.93 times on July 17, 2020 6:49:03 PM (Day 3). The public issue subscribed 0.47 times in the retail category, 1.9 times in the QIB category, and 0.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.9 | 2,75,12,82,051 | 5,23,48,48,000 |
| NII | 0.63 | 1,85,00,00,000 | 1,16,72,17,000 |
| Retail | 0.47 | 4,31,66,66,667 | 2,01,66,66,000 |
| Employee | 0.32 | 18,18,18,181 | 5,89,94,000 |
| Total | 0.93 | 9,09,97,66,899 | 8,47,77,25,000 |
Note
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting commission | 7.09 |
| 2 | Advertising and Marketing expenses | 2.50 |
| 3 | Printing and stationery | 1.10 |
| 4 | Others (Registrars fee, legal fee, etc.) | 2.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹12.00 | ₹12.00 |
| Open | ₹12.30 | ₹12.30 |
| Low | ₹12.30 | ₹12.30 |
| High | ₹12.30 | ₹12.30 |
| Last Trade | ₹12.30 | ₹12.30 |
Lead Manager Reports
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.
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.
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.
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.
Following investors can apply in yes Bank FPO:
Yes Bank FPO is a main-board FPO of 12,50,44,33,750 equity shares of the face value of ₹2 aggregating up to ₹15,000 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 1000.
The FPO opens on Wed, Jul 15, 2020, and closes on Fri, Jul 17, 2020.
Kfin Technologies Ltd. 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
Visit Zerodha IPO Application Process Review for more detail.
The Yes Bank FPO opens on Wed, Jul 15, 2020 and closes on Fri, Jul 17, 2020.
Yes Bank FPO lot size is 1000, and the minimum amount required for application is ₹12,000.
You can apply in Yes Bank FPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Yes Bank FPO will be done on Wednesday, July 22, 2020, and the allotted shares will be credited to your demat account by Fri, Jul 24, 2020. Check the Yes Bank FPO allotment status.
The Yes Bank FPO listing date is on Mon, Jul 27, 2020.
