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YES Bank slips 20% ahead of FPO share listing; stock tanks 45% in 2 weeks

The bank had fixed a price band of Rs 12-13 for the public issue and raised nearly Rs 4,100 crore through anchor allotments by issuing shares at price of Rs 12 per share

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YES bank

3 min read Last Updated : Jul 23 2020 | 10:48 AM IST

Shares of YES Bank were locked in the 20 per cent lower circuit band at Rs 14.60 on the BSE on Thursday ahead of the listing of fresh equity shares allotted in follow-on public offer (FPO). The shares are expected to list on Friday.

On July 17, YES Bank announced the closure of the Rs 15,000 crore-equity capital raise. The bank had fixed a price band of Rs 12-13 for the public issue and raised nearly Rs 4,100 crore through anchor allotments by issuing shares at price of Rs 12 per share.

The stock of the new generation private sector bank has

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