Message on Moneycontrol Message Board: Yes Bank CLARIFICATION ON YES BANK - FPO SHARES - Allottment Credit and Sale -The FPO allotted Shares will be Credit to your Demat Account Tomorrow, 24th July 2020 under a TEMPORARY ISIN. -This Temporary ISIN will be CONVERTED to Existing FREE ISIN i.e INE528G01035 on Monday, 27th July 2020 -If you sell the FPO allotted shares Today, those shares have to be delivered to the exchange by Monday, 27th July 2020 by 10:30 AM mandatorily against your PAY-IN -If by any chance these FPO shares under Temporary ISIN are NOT CONVERTED by the Depository (CDSL/NSDL) before 10:30 AM on Monday. All the sold shares will go for AUCTION (for non-delivery) and shall be at the risk of the Seller. Request you to kindly take note of the same.
Not sure about the authentication, but worth keep in mind.
CLARIFICATION ON YES BANK - FPO SHARES - Allottment Credit and Sale
>The FPO allotted Shares will be Credit to your Demat Account Tomorrow, 24th July 2020 under a TEMPORARY ISIN.
>This Temporary ISIN will be CONVERTED to Existing FREE ISIN i.e INE528G01035 on Monday, 27th July 2020
>If you sell the FPO allotted shares Today, those shares have to be delivered to the exchange by Monday, 27th July 2020 by 10:30 AM mandatorily against your PAY-IN
>If by any chance these FPO shares under Temporary ISIN are NOT CONVERTED by the Depository (CDSL/NSDL) before 10:30 AM on Monday. All the sold shares will go for AUCTION (for non-delivery) and shall be at the risk of the Seller.
Track record of SBI parentage is not so good. Yes bank listing gain seems to be dicey. Still let's hope for the best.
>> SBI card huge loss after listing Listing of Yes bank with parent of sbi is now in dicey situation. Rossari today bumper listing gain.
So here one point that I can bring home is that in future be cautious with all the stocks backing with SBI. SBI parentage is not concerned for its shareholders at all. >>
SBI Card was listed at a very unfortunate time. The whole Market was falling due to Covid at that time. Now it has recovered to IPO level and looks to be good stock to hold. I am still holding IPO shares of SBI Card. It should reach my target of 870 in couple of months.