Quick Answer: How can I buy FPO Shares in Yes Bank?

How do I apply for the Yes Bank FPO? You can apply for the Yes Bank FPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account.

Can we buy Yes Bank FPO 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.

Is Yes Bank FPO only for existing shareholders?

An FPO is a process by which a company already listed in an exchange issues new shares to investors or existing shareholders. In a regulatory filing, YES Bank said, “The bank has filed a red herring prospectus dated July 7, in connection with the offer, with the registrar of companies.”

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How much is Yesbank FPO subscribed?

Yes Bank FPO subscribed 0.93 times. The public issue subscribed 0.47 times in the retail category, 1.90 times in QIB, and 0.63 times in the NII category by Jul 17, 2020 18:49.

Yes Bank FPO Subscription Status Live.

Category Subscription Status
Others [.] Times
Total 0.93 Times

Is it worth buying FPO of Yes Bank?

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.

Will YES Bank FPO?

YES Bank continued to trade under pressure, falling below its follow-on public offer (FPO) price to Rs 11.10 and down 10 per cent in on the BSE on Tuesday in early trade. … The private sector lender had raised Rs 15,000 crore through FPO by issuing shares at price of Rs 12 per share.

Will YES Bank share go down after FPO?

Shares of YES Bank were locked in 10 per cent lower circuit at Rs 12.30 on the BSE on Monday after the listing of fresh shares allotted in the follow-on public offer (FPO). It has fallen 54 per cent from the level of Rs 26.65 on July 9, 2020. …

Can we sell all shares of Yes Bank?

As per this, 75% of all shares that you hold will be locked for 3 years and can’t be sold. This won’t be applicable for investors holding less than a hundred (100) shares. … If you hold more than 100 shares of Yes Bank, you are locked in for 3 years. You will not be able to sell it.

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What happens to existing shareholders of Yes Bank?

The final reconstruction scheme for Yes Bank notified by the government on 13 March has locked in existing shareholders for a period of three years up to 75% of their shareholding. Only those shareholders who have less than 100 shares in the bank, can sell their entire shareholding.

Is there lock in for Yes Bank FPO?

There is no lock-in period for the FPO investors that will be allotted shares at a massive 50% discount to CMP or 12-13 Rs per share. There has been an instance where investors took advantage of being allotted shares in YES bank at a very low price and sold shortly after the transaction booking superlative gains.

What will happen after Yes Bank FPO?

Following the FPO, the bank’s capital adequacy ratio will increase to 13% from the existing 6.3%. SBI, the largest investor in Yes Bank, will invest up to ₹1,760 crore in the FPO. SBI’s additional investment will ensure that its stake does not fall below 26% after the FPO.

Will Yes Bank FPO give listing gains?

Mumbai: Investors looking for listing gains should avoid Yes Bank‘s Rs 15,000-crore follow-on public offer (FPO) scheduled to open on Wednesday, said analysts. … The private lender has priced the issue at Rs 12 per share as against Tuesday’s closing price of Rs 20.95.

What happens if FPO is not fully subscribed?

In the event of this not happening, the company refunds the entire subscription amount it received. There is no loss to the investors as the money they invested will be returned to them. The issuing company will not receive any money though.

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