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    YES Bank FPO subscribed 95%, Rs 14,266.97 crore raised

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    YES Bank FPO subscribed 95%, Rs 14,266.97 crore raised

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    The follow-on public offer (FPO) of YES Bank on Friday has been overall subscribed 95 percent at Rs 14,266.97 crore. The total size of Yes Bank FPO is Rs 15,000 crore.

    The follow-on public offer (FPO) of YES Bank on Friday has been overall subscribed 95 percent at Rs 14,266.97 crore. The total size of YES Bank FPO is Rs 15,000 crore.
    A total of 27 institutions bid for the QIB portion such as SBI, LIC, IIFL, Edelweiss, Bajaj Allianz, HDFC Life, Punjab National Bank, HDFC MF, Union Bank, Bajaj Holdings, Avendus Wealth Management, IFFCO Tokio General Insurance, Norges fund, Schonfled, Millennium Management Global, Aurigin Capital, Exodus Capital, Wellington Capital, Jane StreetCapital, Segantii Capital Management and De Shaw & Co.
    On its final day, the QIB portion was subscribed 1.90 times, non-institutional investor portion was subscribed 0.63 times, retail portion was subscribed 0.47 times and employee portion was subscribed 0.33 times.
    The maximum bids has been received at lower end of price band of Rs 12-13 per share. The anchor book, through which the lender has received Rs 4,098 crore, has also been subscribed at Rs 12 per share.
    Prashant Kumar, managing director and chief executive officer, YES BANK said, "We are pleased with the completion of our further public offering and would like to thank all the investors, partners and employees who have supported the issue. It is an important step in our journey of transformation and is a testament to the trust placed in the institution."
    On July 14, the bank had raised Rs 4,098 crore from 14 anchors at Rs 12 per share to US- based alternative asset manager, Tilden Park Capital via BayTree India Holdings LLC; Singapore-based fund management company, Amansa Capital and UK-based Fund management company, Jupiter Funds, collectively these 3 FPIs came together to acquire 75% of the shares offered to the anchors.
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