News Details
Category : IPO
Headline : YES Bank Ltd. announces launch of initial public offering
Date: 13/07/2020 11:40
YES Bank Ltd. has announced public offering of 1861538461 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 11.00 per share. The gross proceeds of the issue are expected to be Rs 2,42,000.00 lakhs.

The company's initial public offer (IPO) will open on 15 July 2020 and is expected to close on 17 July 2020, subject to customary closing conditions. The price band of the issue has been fixed at Rs 12.00-13.00 per share.

The IPO includes a fresh Issue of 1861538461 Equity Shares of the Company at an price of Rs 13.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

YES Bank Ltd. anticipates using the proceeds of the issue for .

HSBC SECURITIES AND CAPITAL MARKETS (I) PVT LTD,Citigroup Global Markets India Pvt.Ltd.,Axis Capital Ltd.,Kotak Mahindra Capital Company Ltd.,DSP Merrill Lynch Limited,Yes Securities (India) Ltd.,SBI Capital Markets Limited,ICICI Securities Ltd as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.