Yes Bank Incorporated in 2003, Headquartered in Mumbai and 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. A representative office of Yes 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:
- Investment Banking Solutions
- Yes First Corporate Credit Card
- Yes Prosperity Purchase Credit Card
- Treasury and Risk Management Solutions
- Loans
- Transactions Banking Solutions
- Debt Capital Markets
- Surplus and Investments
- 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
- Public-private ownership model
- Strong technology backbone
- Strong focus on retail and SME advances
- Pan India presence
Yes Bank FPO Details
| 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 |
| BSE Script Code | 532648 |
| NSE Symbol | YESBANK |
| ISIN | INE528G01035 |
| Issue Size | (aggregating up to ₹15,000.00 Cr) |
| Fresh Issue | (aggregating up to ₹15,000.00 Cr) |
| Employee Discount | Rs. 1 per share |
Yes Bank FPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 15-Jul-20 |
| IPO Close Date | 17-Jul-20 |
| Basis of Allotment Date | 22-Jul-20 |
| IPO Listing Date | 27-Jul-20 |
Yes Bank FPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 1000 | ₹13,000 |
| Maximum | 15 | 15000 | ₹195,000 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status for Yes bank Ltd FPO
Company Financials:
| PARTICULAR | 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 |
Company Promoters:
Yes Bank is professionally managed and it doesn’t have any identifiable promoter.
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.
Registrar & Company Details
| Company Contact Information | Yes Bank FPO Registrar |
| 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/ | KFin Technologies Private Limited Selenium, Tower B, Plot No. 31 & 32 Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Rangareddi Telangana, India Phone: +91 40 6716 2222 Email: einward.ris@kfintech.com Website: http://www.kfintech.com |
