YES BANK ₹15,000 crore FPO opens on July 15, sets Price Band between ₹12 to ₹13

·         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.