Last updated: 15 Jul, 2020 | 06:53 am
Yes Bank is planning to raise Rs. 15,000 crore via equity fundraising. They have announced an FPO (Follow-on Public Offer) for the same:
Issue open: 15 July 2020
Issue closes: 17 July 2020
Price Band: Rs. 12-13
Face Value: Rs. 2/per share
Minimum application size: 1,000 shares
All Institutional, foreign and domestic investors are allowed to participate.
What’s going on is Yes Bank currently?
The view Forward:
Yes Bank remains a fundamentally weak bank, however, one may invest in the FPO for purely speculative listing gains, as the issue IP priced at about 45% below the current market price. Our VGQM stock analysis model currently has a SELL rating on the stock.
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