Yes Bank Ltd FPO Message Board (Page 41)

What will be the proportion of lock in shares alloted in this FPO ?

Will be the same as 20% available for sell and 80% will remain locked in for 3 years or till March 2022 as it is going now for Yes Bank shares being bought in secondary market?

No,there will not be lock in period

Yes Bank

SLBS
Open interest
8,28,58,248
LTP 7.70

So as per current price is 25.5 - 7.7 = 17.8

It should list below 16-17 then only SLBM traders will be in profit. On listing day they will definitely try to list first this as much low as,

So possibility is yes bank will list in low and close in high???

Yes Bank FPO

Issue price + GMP + SBLM = Opening Price on Monday 27th July 2020

So who already traded in SBLM / SLBM or going to trade in next week also, surely they will be buyers on listing day.
Hope they will not come under SEBI scanner if there is something phisy about this mechanism.

Thank you for detailed explanation.

Yes Bank FPO
GMP 0.80 +/- 0.05

Sir, Please tell, will these allotted shares will also be locked for 3 years or not?

@SahiAhuja
No. There is not lock-in

Should we bid at Rs.12 or Rs.13 ?

13.
If allotment is done at 12 you will get it at 12 even if you bid at 13.

What is the meaning of 1rs gmp? Is it mean that price of yes bank come to 15rs from cmp 26rs.plz explain

@Ritzi, price of share is market cap/issue size. since market cap remains same and issue size is doubled, price of share will become half.

Amitji,


'Now within 6 months of bankruptcy, SBI is getting its money back and 49% controlling stake", I did not understand your statement. Could you please explain ...

After long time ipo market active..

Yes Bank FPO
GMP 1.25 +/- 0.05

Yes Bank FPO

GMP 1.00 +/- 0.05
Kostak 1000 +/- 25

Hi Eagleye,
If we are considering GMP around Rs. 1, are we saying that the current price of Rs. 26/- will come down to around Rs. 14/- by July 27?

What is the meaning of 1 rs gmp? Is it mean price of yes bank stock come near 14-15rs from cmp 26rs? Plz explain

Yes Bank FPO

GMP 1.15 +/- 0.05
Kostak 1000 +/- 25

Yes bank FPO insider info : A clutch of top-rated insurers and asset managers is set to invest in the share sale, ET reported. US-based asset manager Tilden Park, Life Insurance Corporation (LIC), HDFC AMC and HDFC Life are among the companies set to invest in the issue, said three people aware of the developments. ICICI Prudential Life Insurance and Max Life Insurance are also in talks to subscribe, bankers said.

Yes Bank FPO – Issue Information *(Final)*

Issue Opens on: 15 July 2020
Issue Closes on: 17 July 2020
Issue Type: Book Built Issue IPO
Issue Size: 11,55,12,82,051 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.12 – Rs.13 per Share
Discount: Rs.1/- (for Employees only)
Market Lot: 1,000 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,55,04,72,231 Shares
Fresh Issue of 11,38,46,15,385 @13/- = Rs.14,800Crs
Employee Reservation of 16,66,66,667 Shares @12/- = Rs.200Crs (after discount of Rs.1/-)
Equity Shares outstanding after the Issue = 24,10,17,54,282 Shares

Category-wise Break up:
Anchor – 3,41,53,84,615 Shares = 4,440Crs
QIB – 2,27,69,23,076 Shares = 2,960Crs
NII – 1,70,76,92,308 Shares = 2,220Crs
RII – 3,98,46,15,385 Shares = 5,180Crs (Lot size: 1,000 = 39,84,615 Forms)
Empl. – 1,6,66,66,667 Shares = 200Crs
Total Issue – 11,55,12,82,051 Shares = 15,000Crs.

Subscription required for 1X
RII = 39,84,615 Forms
NII = 2,220 Crs

Price band fix 12 to 13 rs market lot 1000 shares

YES BANK

announces floor price of Rs 12/sh for the FPO issue. Cap price is at Rs 13/sh.

• Offer Opening Date: July 15, 2020;

• Offer Closing Date: July 17, 2020

FPO price band announced is Rs.12 to Rs.13

Yes Bank floor price for FPO fixed Rs.12 - 13

If, issue price is 12
Then, RII can apply for 1,250 shares per form

The issue size is so large that all RII will definitely get firm allotment

If, we consider kostak @250
Then, the fair value of GMP works out to Rs 0.20

So if you can sell at current GMP ... it is recommended to must sell

Yes Bank FPO – *Market’s Current Estimates of oversubscription*:

RII = 20L Forms = 0.58X Applic. wise (Firm Allotment)
NII = 20K Crs. = ~11.26X

Interest cost *@7.50%p.a.* for 7days = 1.73 paise for 1X

Thus, for NII the costing = 11.26 X 1.73paise = Rs.0.19 per share (= GMP)

And, for RII the costing = 1,250 X 0.20 = Rs. ~250/- (= Kostak)

Yes Bank FPO – *GMP Estimated*
GMP 0.20
Kostak 250/-

Yes Bank FPO – Issue Information *(Tentative)*

Issue Opens on: 15 July 2020
Issue Closes on: 17 July 2020
Issue Type: Book Built Issue IPO
Issue Size: 12,50,00,00,000 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.11 – Rs.12 per Share
Market Lot: 1,250 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,55,04,72,231 Shares
Fresh Issue of 12,50,00,00,000 @12/- = Rs.15,000Crs
Equity Shares outstanding after the Issue = 25,05,04,72,231 Shares

Category-wise Break up:
Anchor – 3,70,00,00,000 Shares = 4,440Crs
QIB – 2,46,66,66,666 Shares = 2,960Crs
NII – 1,85,00,00,000 Shares = 2,220Crs
RII – 4,31,66,66,667 Shares = 5,180Crs (Lot size: 1,250 = 34,53,333 Forms)
Empl. – 1,6,66,66,667 Shares = 200Crs
Total Issue – 12,50,00,00,000 Shares = 15,000Crs.

Subscription required for 1X
RII = 34,53,333 Forms
NII = 2,220 Crs

Yes Bank FPO – Schedule *(Page #518 of the RHP)*

10th July – Announcement of Price Band
14th July – Anchor Investors Allotment
15th July – Offer Opens
17th July – Offer Closes
22nd July – Finalisation of Basis of Allotment
23rd July – Unblocking of ASBA Accounts
24th July – Credit of Equity Shares to Depository Accounts
27th July – Commencement of Trading on NSE/BSE