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. Amreesh Baliga, an independent advisor, says that investors seeking quick returns should avoid  the offer.
But other analysts feel that the gap between the existing  and the new rates will give some returns to the investors in short term. But they recommend holding the shares for at least one year.   

Yes Bank, the Mumbai headquartered private bank, promoted by Rana Kapoor and Ashok Kapoor, had become darling of investors as it was one of the few private banks  in the country to get license. 

The bank faced a huge financial crisis in the wake of allegations of fraud and bad debts.  To protect the interest of the depositors and investors, the government came out with a rescue package. The SBI became one of its largest investors and got on its board.    

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