YES BANK IPO is a private sector bank in India and is all set to make a FPO in the stock market with an issue size of 15000 Cr.
IPO Overview
| YES BANK FPO Issue Date | 15-17 July 2020 |
| YES BANK FPO Opening Date | 15 Sept 2020 |
| YES BANK FPO Face Value | INR 2 per share |
| YES BANK FPO Price | INR 12 per share |
| YES BANK FPO Lot Size | 1000 Shares |
| Issue Size | 702.02 Cr |
| Offer for sale | 592.02 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 50% of the net offer |
| NII (HNI) Shares | 15% of the net offer |
| Company Promoters | Yes Bank is professionally managed and it doesn’t have any identifiable promoter. |
Tentative Dates
| YES BANK FPO opening date | 15 July 2020 |
| YES BANK FPO closing date | 17 July 2020 |
| Basis of Allotment | 22 July 2020 |
| Initiation of Refunds | 23 July 2020 |
| The credit of Shares to Demat | 24 July 2020 |
| YES BANK FPO Listing Date | 27 July 2020 |
Industry Overview.
Traditionally, public banks have accounted for the major proportion of the banking credit outstanding. However, low profitability, weak capital position, low operational efficiency, and an increase in stressed loans in the past few years led to a slowdown in their loan growth. As a result, public banks gradually lost market share to private banks, which were relatively well-capitalized and had a higher degree of operational efficiency. Public banks which accounted for 71% share in credit outstanding in Fiscal 2015, account for only 59% share in Fiscal 2021. While credit growth picked up significantly in Fiscal 2019 for public banks, private banks also witnessed minor improvement in growth.
Company Overview
Yes Bank is a private sector bank in India. It has developed as a full-service commercial bank offering banking and technology-driven products 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.
Objectives Of The Issue
- The proposed utilization of the net proceeds is for ensuring adequate capital to support growth and expansion, including enhancing the bank’s solvency and capital adequacy ratio.
Financial Statements
| Particulars | 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 |
Strengths
- Public-private ownership model.
- Strong technology backbone.
- Strong focus on retail and SME advances.
- Pan India presence
Weakness
- Highly competitive market.
Company Contact Information
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/
Yes Bank IPO Registrar
KFin Technologies Private Limited
Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: http://www.kfintech.com
