Yes Bank Follow On Public Offer Subscription Period From 15th July To 17th July 2020:
To begin with, Yes Bank Limited embodied in 2003 and located at Mumbai. Certainly, it is a private sector bank. Also, it was developed as a full-service commercial bank offering banking and technology-driven products. The company plans to enter the market through its initial public offering. The FPO subscription period will start on 15th July and it will end on 17th July 2020.
|Bid Period||15th July to 17th July 2020|
|IPO Type||Book Built Issue FPO|
|Face Value||Rs. 2 Per Equity Share|
|IPO Price||Rs. 12 to Rs. 13 Per Equity Share|
|Employee Discount||Rs. 1 Per Share|
|Market Lot||1,000 Shares|
|Minimum Order Quantity||1,000 Shares|
|Listing At||BSE, NSE|
The bank introduced a ‘Book Built Issue FPO‘ type initial public offering with the face value of Rs. 2 per equity share. Initially, Yes Bank, the price band of the issue from Rs. 12 to Rs. 13 per equity share.
The market lot and minimum order quantity of the issue is 1,000 shares per each. If any investor should invest in this company with a minimum investment amount of Rs. 13,000 (1 lot=1,000 shares). Also, the maximum investment amount of Rs. 1,95,000 (15 lot= 15,000 shares).
The object of the bank, it plans to utilize the FPO raised amount for ensuring adequate capital to support growth and expansion and capital adequacy ratio. Its shares will be list on both the National Stock Exchange and Bombay Stock Exchange. Also, the bank shares will be listed on 27th July 2020.
KFin Technologies Private Limited
Selenium Building, Tower-B,
Plot No 31 & 32,
Financial District, Nanakramguda,
India – 500 032.
Phone: +91 40 6716 2222
Email: [email protected]