InvestorQ : With Yes Bank placing Rs.4000 crore with anchor investors, do you see that having a positive impact on the FPO?
Lavanya Subramanian made post

With Yes Bank placing Rs.4000 crore with anchor investors, do you see that having a positive impact on the FPO?

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ishika Banerjee answered.
4 months ago
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What you are saying is absolutely correct. Ahead of the FPO opening on 15 July, Yes Bank has managed to place shares worth Rs.4098 crore with anchor investors. Bay Tree took more than 50% of anchor placement but other names like Amansa, HDFC Life, Elara India, Jupiter India Fund, Bajaj Allianz, ICICI Lombard, RBL Bank and Edelweiss also participated.

Yes Bank had plans to raise close to Rs.15,000 crore via the FPO, which opens on 15 July and closes for subscription on 17 July. The price band has been fixed at Rs.12-13 and all the anchor investments have been done at Rs.12. This is attractive as it is at a discount of 40% to the CMP. Yes Bank needs the funds to shore up its Tier-1 equity capital.

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