Summary:
The analysts are divided on the prospects of the follow-on public offering (FPO) of the Yes Bank shares, which hit the market on July 15.
The offer will close on Friday.
By Dinesh Sharma
.
New Delhi: The analysts are divided on the prospects of the follow-on public offering (FPO) of the Yes Bank shares, which hit the market on July 15.
The offer will close on Friday.
The bank has offered shares in the price band of Rs.
12— Rs.13..
The bank is raising a total of Rs.
15,000 crore as capital to mee its financial requirements for the next two years.
A few days ago the market price of the Yes Banks’s share was almost double the price at which it has offered to the investors of the FPO. However, the share of the bank closed at Rs.
20.45 per share at the market on Wednesday.
The financial analysts are divided over the prospects of the investors making immediate profit after the listing.