These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Equity Shares mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”).
The Equity Shares may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
Further public offering of face value of ₹2 each equity shares of YES BANK limited aggregating up to ₹15,000 crore by way of a fresh issue.
Offer includes a reservation of up to ₹ 200 crore, for subscription by eligible employees
Price Band of ₹12 – ₹13 per Equity Share
The floor price is 6 times the face value of the Equity Shares and the cap price is 6.5 times the face value of the Equity Shares
Professionally managed Bank, does not have an identifiable promoter
Backed by Marquee Institutions – Pursuant to the YES Bank Limited Reconstruction Scheme, 2020, SBI, HDFC, ICICI Bank, Axis Bank, Kotak Mahindra Bank, The Federal Bank Limited, Bandhan Bank Limited and IDFC First Bank Limited, invested ₹10,000 crore in the Bank.
Issue Opening Date – July 15, 2020 and Issue Closing Date – July 17, 2020
MUMBAI, July 13, 2020: YES BANK has announced the launch of its Further Public Offering (“FPO”) in a bid to raise up to ₹15,000 crore. The issue will open on July 15, 2020 and close on July 17, 2020.
The Issue is being made through book building process in accordance with regulation 129(1) of the SEBI ICDR Regulations where allocation to QIBs is up to 50%, Non-Institutions Bidders is not less than 15% and Retail Individual Bidders is not less than 35%.
Book Running Lead Managers appointed to the issue are Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DSP Merrill Lynch Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited and YES Securities (India) Limited.
The Bank has a unique combination of public-private ownership model, backed by marquee institutions within the Indian financial services space. The Bank has an eminent board of professionals to ensure adherence to regulatory and governance norms.
As one of India’s new generation private sector bank, the Bank’s presence covers all 28 states and eight union territories in India and one representative office in Abu Dhabi as of March 31, 2020. We are a full-service commercial bank specializing in merchant banking, digital banking, brokerage business, asset management and investment banking. We have been able to invest in latest technology infrastructure and differentiated technology platform leading to digital leadership.
The Bank continues to build on the knowledge-based approach to banking with a strong focus on retail and SME advances on a well-established granular banking platform.
All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the RHP.
YES BANK Limited (the “Bank”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offer of its Equity Shares, and has filed a red herring prospectus with the Registrar of Companies, Maharashtra at Mumbai. The red herring prospectus is available on the website of SEBI at www.sebi.gov.in and the websites of the lead managers at www.investmentbank.kotak.com, www.sbicaps.com, http://www.axiscapital.co.in, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, https://ml-india.com, www.business.hsbc.co.in/en-gb/in/generic/ipo-open-oﬀer-and-buyback, www.icicisecurities.com and www.yesinvest.in. Investors should note that investment in Equity Shares involves a high degree of risk and are requested to refer to the section titled “Risk Factors” on page 24 of the red herring prospectus for details of the same.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
For media queries, please contact:
Concept Public Relations
Concept Public Relations