Yes Bank : Tactical Opportunity
Clients holding Yes Bank shares in their Demat account with valid ISIN No could look at the following opportunity :
- Sell the shares in the Cash Market – CMP Rs. 25 – 25.5 (pl. confirm the ISIN before selling to avoid auction)
- Apply in the FPO which is announced today.
FPO Details :
Yes Bank has set the floor price at 12 rupees a share, and the cap price at 13 rupees a share for its planned follow-on public offering.
Investors can bid for a minimum of 1,000 shares, and in the multiples of 1,000 thereafter. Company to raise as much as Rs15000cr ($2 billion) in a public offering
FPO size is big enough (Rs. 15000 crore), so the chances of allotment are high for investors.
Current Premium in Grey Market is Rs. 1.25.
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