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YES Bank floor price at Rs 12/share for FPO; minimum bid lot 1,000 shares

Yes Bank's FPO offer will open on July 15, 2020 and close on July 17, 2020

YES Bank
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The lender has announced a discount of Re 1 per equity share for the eligible employees of the bank bidding in employee reservation portion.

Press Trust of India New Delhi

Private sector lender YES Bank on Friday said it has set a floor price of Rs 12 per share to raise up to Rs 15,000 crore through follow-on public offer (FPO), which opens on July 15.

The capital raising committee (CRC) of the bank's board at its meeting "has approved floor price of Rs 12 per equity share", YES Bank said in a BSE filing.

The cap price for the FPO is Rs 13 per unit.

It has also fixed "a minimum bid lot of 1,000 equity shares and in the multiples of 1,000 equity shares thereafter".

The lender has announced a discount of