YES BANK FPO

FOLLOW-ON PUBLIC OFFRING (FPO)

FPO ON 15, 16, 17 July 2020 and raised 15000 cr, India’s biggest FPO that raise
that amount of money.
Let’s understand what is FPO?
When company raise money first time from stock market that is called Initial
Public Offering (IPO).
And when company again raise money from public that is called FPO. In simple
word those company who already listed in stock market and raise money from
public this process is called FPO.
Price of Yes Bank FPO.
12-13/Share. Yes Bank share current Price Rs 20-21/share
Market Lot: 1000 Shares (Minimum 1000 bidding)
Yes bank company FPO price is discount by 40-45% as compare Current share
price.

Why Yes Bank FPO lower than current price?

Urgent need of money.

Why Yes Bank need urgent need of money.

On 31 Jan 2019 RBI said - CEO Rana Kapoor has no longer being CEO of Yes Bank.
Why RBI said that? – From 2016-17 Banks NPA which is also called Bad Debts is
increasing then RBI check all banks NPA. When RBI check Yes Bank NPA then RBI
know Yes Bank NPA is not accurate as shown in Report, yes bank manipulate their
NPA numbers.
There are also cases on Yes Bank promoters Pledge Shares
Pledge Shares – Sometimes company’s promoters’ collateral their shares to bank
and take loan and that shares are called Pledge Shares.
And that does not show good sign to company. And to hide Pledge shares CEO
Rana Kapoor form some companies and issue debentures against their shares and
does not inform Annual Report and Stock Exchange

After 31 Jan 2019 – Company share price is 240/per share and NPA is 2%.
Year 2016-17 2017-18 Yes bank has 3000-4000 profit
After 2017-18 losses has increasing and Yes bank need urgent money. After that
SBI Bank, ICICI Bank and other banks invest in Yes Bank
SBI Bank invest 6050 cr and get 48.1% stake, ICICI Bank invest 1000cr and get
7.97% stake and all the investment worth 10000cr
But 10000cr capital is not sufficient then FPO introduce