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YES BANK LIMITED |
| Basis of Allotment |
This is a public announcement for information purposes only and is not a prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.
These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be. registered under the United States Securities Act of 1933 (the 'Securities Act').
The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
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YES BANK LIMITED |
Our Bank was incorporated on November 21, 2003. in Mumbai, under the Companies Act, 1956 and a certificate of incorporation was granted to our Bank by the Registrar of Companies, Maharashtra at Mumbai. A certificate of commencement of business dated January 21, 2004 was issued to our Bank by the Registrar of Companies. Maharashtra at Mumbai. Our Bank is a scheduled commercial bank within the meaning of the RBI Act. and received a license to commence banking operations in India from the RBI on May 24, 2004. Further, the RBI by its letter dated September 2, 2004, included our Bank in the second schedule of the RBI Act with effect from August 21, 2004 and a corresponding notification was published in the Official Gazette of India (Part III - Section 4) on August 16, 2004. For details of change in the registered office of our Bank, see 'History and Certain Corporate Matters' on page 233 of the Prospectus dated July 18, 2020 ('Prospectus').
| Registered and Corporate Office: YES BANK Tower, IFC -2.15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013. Maharashtra, India. Tel: +91 (22) 3366 9000; |
| Contact Person: Shivanand R Shettigar, Company Secretary and Compliance Officer, E-mail: shareholders@yesbank.in; Website: www.yesbank.in; Corporate Identity Number: L65190MH2003PLC143249 |
| OUR BANK IS PROFESSIONALLY MANAGED AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER(1) |
*Our Bank is a 'listed entity with no promoters' in terms of the SEBI Listing Regulations, pursuant to SEBI's letter dated June 9, 2020. bearing reference no. SEBI/HO/CFD/CMD1/OW/2020, and approvals issued by the Stock Exchanges, each dated June 12, 2020. pursuant to Regulation 31A of the SEBI Listing Regulations. For further details, please see 'History and Certain Corporate Matters' on page 233 of the Prospectus. Our Bank has filed the Prospectus dated July 18, 2020 with the RoC and the Equity Shares are proposed to be listed on BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", together with BSE, the "Stock Exchanges"), and trading will commence on July 27, 2020.
| BASIS OF ALLOTMENT |
FURTHER PUBLIC OFFERING OF 12,504,433,750 EQUITY SHARES OF FACE VALUE OF Rs. 2 EACH ("EQUITY SHARES") OF YES BANK LIMITED ("OUR BANK" OR "THE BANK" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 12 PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS.10 PER EQUITY SHARE) (THE "OFFER PRICE")* AGGREGATING TO Rs. 150,000 MILLION BY WAY OF A FRESH ISSUE (THE "OFFER"). THE OFFER INCLUDED A RESERVATION OF UP TO 53,205,000 EQUITY SHARES AGGREGATING UP TO Rs. 585.26 MILLION, FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES ("THE "EMPLOYEE RESERVATION PORTION"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TOASTHE"NETOFFER", AGGREGATING TO 12,451,228,750 EQUITY SHARES. THE OFFER AND THE NET OFFER CONSTITUTE 49.91% AND 49.70% OF THE POST-OFFER PAID UP EQUITY SHARE CAPITAL OF OUR BANK, RESPECTIVELY.
*Our Bank, in consultation with the BRLMs, has offered a discount of Rs. 1 per Equity Share to Eligible Employees bidding in the Employee Reservation Portion.
| OFFER PRICE: Rs.12 PER EQUITY SHARE OF FACE VALUE OF Rs. 2 EACH |
| THE OFFER PRICE IS 6 TIMES OF THE FACE VALUE OF THE EQUITY SHARES |
| Risks to Investors: | |
| • | The Eight Book Running Lead Managers associated with the Offer have handled 25 public issues in the past 3 years out of which 9 issues closed below the issue price on listing date |
| • | The Price/ Earnings ratio based on diluted EPS for Fiscal 2020 for the Bank is not ascertainable as EPS is negative, as compared to the average industry peer group Price/ Earnings ratio of 10.25 |
| • | Weighted Average Return on Net Worth for Fiscals 2020, 2019 and 2018 is (35.85)% |
| BID/OFFER PROGRAMME: |
| BID/OFFER OPENED ON JULY 15, 2020 | BID/OFFER CLOSED ON JULY 17, 2020 |
This Offer has been made through the Book Building Process in accordance with Regulation 129 (1) of the SEBI ICDR Regulations wherein up to 50% of the Net Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that our Bank, in consultation with the BRLMs allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. RIIs and NIIs were not be eligible for subscription to the un-subscribed QIB portion, if any. Further, not less than 15% of the Net Offer was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer was available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further more, up to 181,818,181 Equity Shares were available for allocation to Eligible Employees, subject to valid Bids being received from them at or above the Offer Price (net of Employee Discount as applicable for the Employee Reservation Portion). All Bidders (other than Anchor Investors) were required to mandatory participate in this Offer through the Application Supported by Block Amount ('ASBA') process, and provided details of their respective bank account (including UPI ID for Retail Individual Investors using UPI Mechanism) in which the Bid Amount was blocked by the SCSBs or the Sponsor Bank, as the case may be. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see 'Offer Procedure' beginning on page 520 of the Prospectus The Offer received 591,406 applications for 12,58,77,63,176 Equity Shares (including underwriters) resulting in 1.01 times subscription as disclosed in Prospectus. The details of the applications received in the Offer from Retail Individual Bidders. Non- Institutional Investors, QIBs, Employee and Underwriters are as under (before technical rejections):
| SI. no | Category | No. of Applications | No. of Equity Shares applied | Shares Reserved as per Prospectus | No. of times Subscribed | Amount (Rs.) |
| A | Retail Individual Bidders | 581,004 | 1,815,674,000 | 4,316,666,667 | 0.42 | 23,515,783,302.00 |
| B | Non Institutional Bidders | 3,686 | 1,059,514,000 | 1,850,000,000 | 0.57 | 13,346,682,000.00 |
| C | Qualified Institutional Bidders (Eluding Anchors) | 58 | 5,062,053,000 | 2,751,282,051 | 1.84 | 61,823,635,000.00 |
| D | Anchor Investors | 14 | 3,415,385,040 | 3,415,384,614 | 1.00 | 40,984,620,000.00 |
| E | Employee Investors | 6,643 | 55,143,000 | 181,818,181 | 0.30 | 645,645,000.00 |
| Total(a) | 591,405 | 11,407,769,040 | 12,515,151,513 | 0.91 | 140,316,365,302.00 | |
| F | #Underwriters (b) | 1 | 1,179,994,136 | 0 | 0.00 | 14,159,929,632.00 |
| Grand Total (a+b) | 591,406 | 12,587,763,176 | 12,515,151,513 | 1.01 | 154,476,294,934.00 |
'Pursuant to the First Underwriting Agreement dated July 07, 2020 amongst SBI CAPITAL MARKETS LIMITED ('SBICAP'), the Bank and Registrar to the Offer, SBICAP agreed to underwrite for the maximum amount of Rs. 30,000 million, at a price equal to the lowest end of the Price Band, i.e., Rs. 12 per Equity Share, on the terms and conditions set out under the First Underwriting Agreement. The Registrar intimated the Bank and SBICAP on July 17, 2020, on the subscriptions received in the Offer at the end of the Bid/ Offer Period, based on which the indicative number of Equity Shares and Amount to be underwritten by SBICAP was 610,575,886 Equity Shares and Rs. 7,326.91 million, respectively (subject to determination of valid Bids and Basis of Allotment). Subsequent to determination of valid bids and technical and other rejections, Registrar intimated the Bank and SBICAP on the devolvement of shares vide letter dated July 22, 2020 for 1,179,994,136 equity shares ('Devolved Shares') for an amount of Rs. 14,159,929,632. In accordance with the terms of the First Underwriting Agreement, SBICAP on July 23,2020, submitted a letter for issue towards discharging its obligation and subscribing to the Devolved Shares i.e; 1,179,994,136 equity shares at Rs. 12 per Equity Share amounting to Rs. 14,159,929,632 and transferred the said amount to the Escrow Account opened for Anchor Investors. Yes Bank Limited as Escrow Agent vide its letter dated July 23, 2020, confirmed the receipt of funds in the account. On confirmation, SBICAP has been allotted the shares as per the following table:
| No. of applications Processed - Underwriters | Name | Shares Applied | Shares available for allotment underwriters | No. of times subscribed |
| 1 | SBI CAPITAL MARKETS LIMITED | 1,179,994,136 | 1,179,994,136 | 1.0000 |
Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/ Offer Closing Date at different Bid prices is as under:
| SL.NO. | BID PRICE | BIDS QUANTITY | (%) TO TOTAL | Cumulative Total | % Cumulative Total |
| 1 | 12 | 4,739,342,000 | 54.03 | 4,739,342,000 | 54.03 |
| 2 | 13 | 2,449,647,000 | 27.92 | 7,188,989,000 | 81.95 |
| 3 | CUTOFF | 1,583,268,000 | 18.05 | 8,772,257.000 | 100.00 |
| TOTAL | 8,772,257,000 | 100.00 |
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on July 23, 2020.
A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs. 12 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.402323 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 1,754,804,000 Equity Shares to 559,950 successful applicants. The category-wise details of the Basis of Allotment are as under:
| Category | No. of Applications Received | % of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares allotted per applicant | Ratio | Total No. of Equity Shares Allotted |
| 1000 | 351,082 | 62.70 | 351,082,000 | 20.01 | 1000 | 1:1 | 351,082,000 |
| 2000 | 71,831 | 12.83 | 143,662,000 | 8.19 | 2000 | 1:1 | 43,662,000 |
| 3000 | 23,544 | 4.20 | 70,632,000 | 4.03 | 3000 | 1:1 | 70,632,000 |
| 4000 | 13,303 | 2.38 | 53,212,000 | 3.03 | 4000 | 1:1 | 53,212,000 |
| 5000 | 19.742 | 3.53 | 98,710,000 | 5.63 | 5000 | 1:1 | 98,710,000 |
| 6000 | 3,408 | 0.61 | 20,448,000 | 1.17 | 6000 | 1:1 | 20,448,000 |
| 7000 | 4,561 | 0.81 | 31,927,000 | 1.82 | 7000 | 1:1 | 31,927,000 |
| 8000 | 4,628 | 0.83 | 37,024,000 | 2.11 | 8000 | 1:1 | 37,024,000 |
| 9000 | 1,488 | 0.27 | 13,392,000 | 0.76 | 9000 | 1:1 | 13,392,000 |
| 10000 | 10,377 | 1.85 | 103,770,000 | 5.91 | 10000 | 1:1 | 103,770,000 |
| 11000 | 1,113 | 0.20 | 12,243,000 | 0.70 | 11000 | 1:1 | 12,243,000 |
| 12000 | 1,201 | 0.21 | 14,412,000 | 0.82 | 12000 | 1:1 | 14,412,000 |
| 13000 | 681 | 0.12 | 8,853,000 | 0.50 | 13000 | 1:1 | 8,853,000 |
| 14000 | 734 | 0.13 | 10,276,000 | 0.59 | 14000 | 1:1 | 10,276,000 |
| 15000 | 50,951 | 9.10 | 764,265,000 | 43.55 | 15000 | 1:1 | 764,265,000 |
| 16000 | 1,306 | 0.23 | 20,896,000 | 1.19 | 16000 | 1:1 | 20,896,000 |
| TOTAL | 559,950 | 100.00 | 1,754.804,000 | 100.00 | 1,754,804,000 |
Un-subscribed portion of 2,606,877,280 Equity Shares (which includes proportionate share of Employee Reservation) spilled over to QIB Category.
B. Allotment to Non Institutional Bidders (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-institutional Bidders, who have bid at the Offer Price of Rs. 12 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.555822 times. The total number of Equity Shares allotted in this category is 1,038,993,000 Equity Shares to 3,560 successful applicants. The category-wise details of the Basis of Allotment are as under: (Sample)
| Category | No. of Applications Received | % of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares allotted per applicant | Ratio | Total No. of Equity Shares Allotted |
| 16000 | 318 | 8.93 | 5,088,000 | 0.49 | 16000 | 1:1 | 5,088,000 |
| 17000 | 83 | 2.33 | 1,411,000 | 0.14 | 17000 | 1:1 | 1,411,000 |
| 136000 | 2 | 0.06 | 272,000 | 0.03 | 136000 | 1:1 | 272,000 |
| 140000 | 6 | 0.17 | 840,000 | 0.08 | 140000 | 1:1 | 840,000 |
| 142000 | 1 | 0.03 | 142,000 | 0.01 | 142000 | 1:1 | 142,000 |
| 297000 | 1 | 0.03 | 297,000 | 0.03 | 297000 | 1:1 | 297,000 |
| 300000 | 37 | 1.04 | 11,100,000 | 1.07 | 300000 | 1:1 | 11,100,000 |
| 307000 | 5 | 0.14 | 1,535,000 | 0.15 | 307000 | 1:1 | 1,535,000 |
| 650000 | 2 | 0.06 | 1,300,000 | 0.13 | 650000 | 1:1 | 1,300,000 |
| 654000 | 1 | 0.03 | 654,000 | 0.06 | 654000 | 1:1 | 654,000 |
| 675000 | 1 | 0.03 | 675,000 | 0.06 | 675000 | 1:1 | 675,000 |
| 3800000 | 1 | 0.03 | 3,800,000 | 0.37 | 3800000 | 1:1 | 3,800,000 |
| 3846000 | 2 | 0.06 | 7,692,000 | 0.74 | 3846000 | 1:1 | 7,692,000 |
| 7500000 | 1 | 0.03 | 7,500,000 | 0.72 | 7500000 | 1:1 | 7,500,000 |
| 7690000 | 1 | 0.03 | 7,690,000 | 0.74 | 7690000 | 1:1 | 7,690,000 |
| 10000000 | 2 | 0.06 | 20,000,000 | 1.92 | 10000000 | 1:1 | 20,000,000 |
| 11538000 | 1 | 0.03 | 11,538,000 | 1.11 | 11538000 | 1:1 | 11,538,000 |
| 11540000 | 1 | 0.03 | 11,540,000 | 1.11 | 11540000 | 1:1 | 11,540,000 |
| 12915000 | 1 | 0.03 | 12,915,000 | 1.24 | 12915000 | 1:1 | 12,915,000 |
| 83334000 | 1 | 0.03 | 83,334,000 | 8.02 | 83334000 | 1:1 | 83,334,000 |
| 200000000 | 1 | 0.03 | 200,000,000 | 19.25 | 200000000 | 1:1 | 200,000,000 |
| Total | 3560 | 100.00 | 1,038,993,000 | 100.00 | 1,038,993,000 |
Un-subscribed portion of 830.298.977 Equity Shares (which includes proportionate share of Employee Reservation) spilled over to QIB Category
C. Allotment to QIBs (After Technical Rejections)
Allotment to QIBs, who have bid at the Offer Price of Rs. 12 per Equity Share, has been done in consultation with BSE. This category has been subscribed to the extent of 1.839889 times. As per the SEBIICDR Regulations, Mutual Funds were allotted 5% of the Equity Shares of QIB Category available i.e. 137.564,103 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 2.613,717.948 Equity Shares The total number of Equity Shares allotted in the QIB category is 5.062.053.000 Equity Shares (including spilled over from Employee, Retail and NIB Categories), which were allotted to 58 successful Bidders.
| Category | FIs | FPIs | MFs | Others | Total |
| QIB | 2,177,560,000 | 606,878,000 | 2,004,479,000 | 273,136,000 | 5,062,053,000 |
includes spilled over of 2,310,770,949 Equity Shares from Retail Category, NIB Category and Employee Category.
D. Allotment to Anchor Investors (After Technical Rejections)
Allotment to Anchor Investors, who have bid at the Offer Price of Rs. 12 per Equity Share, has been done in consultation with BSE. This category has been subscribed to the extent of 1.0000 times. As per the SEBI ICDR Regulations, Mutual Funds were allotted 5% of the Equity Shares of QIB Category available i.e 170,769,231 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 3.244.615.383 Equity Shares. The total number of Equity Shares allotted in the QIB category is 3,415,384.614 Equity Shares, which were allotted to 14 successful Bidders.
| Category | AIF | FI | FII | FPI | IC | NBFC | Total |
| Anchor | 29,166,000 | 83,333,000 | 2,310,839,000 | 310,000,000 | 529,550,000 | 152,496,614 | 3,415,384,614 |
E. Eligible Employees Reservation Portion (After Technical Rejections)
The Basis of Allotment to the Eligible Employees under Employees Reservation Portion, who have bid at cut-off or at the Offer Price of Rs. 12 per Equity Share (less discount of Rs. 1), was finalized in consultation with BSE. This category has been subscribed to the extent of 0.292628 times. The total number of Equity Shares Allotted m Employees Reservation category is 53,205,000 Equity Shares to 6,010 successful applicants. The category-wise details of the Basis of Allotment are as under:
| Category | No. of Applications Received | % of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares allotted per applicant | Ratio | Total No. of Equity Shares Allotted |
| 1000 | 1,615 | 26.87 | 1,615,000 | 3.04 | 1000 | 1:1 | 1,615,000 |
| 2000 | 1,081 | 17.99 | 2,162,000 | 4.06 | 2000 | 1:1 | 2,162,000 |
| 3000 | 430 | 7.15 | 1,290,000 | 2.42 | 3000 | 1:1 | 1,290,000 |
| 4000 | 348 | 5.79 | 1,392,000 | 2.62 | 4000 | 1:1 | 1,392,000 |
| 5000 | 377 | 6.27 | 1,885,000 | 3.54 | 5000 | 1:1 | 1,885,000 |
| 6000 | 107 | 1.78 | 642,000 | 1.21 | 6000 | 1:1 | 642,000 |
| 7000 | 98 | 1.63 | 686,000 | 1.29 | 7000 | 1:1 | 686,000 |
| 8000 | 149 | 2.48 | 1,192,000 | 2.24 | 8000 | 1:1 | 1,192,000 |
| 9000 | 95 | 1.58 | 855,000 | 1.61 | 9000 | 1:1 | 855,000 |
| 10000 | 271 | 4.51 | 2,710,000 | 5.09 | 10000 | 1:1 | 2,710,000 |
| 11000 | 54 | 0.90 | 594,000 | 1.12 | 11000 | 1:1 | 594,000 |
| 12000 | 72 | 1.20 | 864,000 | 1.62 | 12000 | 1:1 | 864,000 |
| 13000 | 29 | 0.48 | 377,000 | 0.71 | 13000 | 1:1 | 377,000 |
| 14000 | 22 | 0.37 | 308,000 | 0.58 | 14000 | 1:1 | 308,000 |
| 15000 | 166 | 2.76 | 2,490,000 | 4.68 | 15000 | 1:1 | 2,490,000 |
| 16000 | 122 | 2.03 | 1,952,000 | 3.67 | 16000 | 1:1 | 1,952,000 |
| 17000 | 60 | 1.00 | 1,020,000 | 1.92 | 17000 | 1:1 | 1,020,000 |
| 18000 | 50 | 0.83 | 900,000 | 1.69 | 18000 | 1:1 | 900,000 |
| 19000 | 11 | 0.18 | 209,000 | 0.39 | 19000 | 1:1 | 209,000 |
| 20000 | 102 | 1.70 | 2,040,000 | 3.83 | 20000 | 1:1 | 2,040,000 |
| 21000 | 25 | 0.42 | 525,000 | 0.99 | 21000 | 1:1 | 525,000 |
| 22000 | 11 | 0.18 | 242,000 | 0.45 | 22000 | 1:1 | 242,000 |
| 23000 | 14 | 0.23 | 322,000 | 0.61 | 23000 | 1:1 | 322,000 |
| 24000 | 8 | 0.13 | 192,000 | 0.36 | 24000 | 1:1 | 192,000 |
| 25000 | 59 | 0.98 | 1,475,000 | 2.77 | 25000 | 1:1 | 1,475,000 |
| 26000 | 7 | 0.12 | 182,000 | 0.34 | 26000 | 1:1 | 182,000 |
| 27000 | 9 | 0.15 | 243,000 | 0.46 | 27000 | 1:1 | 243,000 |
| 28000 | 4 | 0.07 | 112,000 | 0.21 | 28000 | 1:1 | 112,000 |
| 29000 | 5 | 0.08 | 145,000 | 0.27 | 29000 | 1:1 | 145,000 |
| 30000 | 34 | 0.57 | 1,020,000 | 1.92 | 30000 | 1:1 | 1,020,000 |
| 31000 | 7 | 0.12 | 217,000 | 0.41 | 31000 | 1:1 | 217,000 |
| 32000 | 7 | 0.12 | 224,000 | 0.42 | 32000 | 1:1 | 224,000 |
| 33000 | 13 | 0.22 | 429,000 | 0.81 | 33000 | 1:1 | 429,000 |
| 34000 | 8 | 0.13 | 272,000 | 0.51 | 34000 | 1:1 | 272,000 |
| 35000 | 18 | 0.30 | 630,000 | 1.18 | 35000 | 1:1 | 630,000 |
| 36000 | 7 | 0.12 | 252,000 | 0.47 | 36000 | 1:1 | 252,000 |
| 37000 | 9 | 0.15 | 333,000 | 0.63 | 37000 | 1:1 | 333,000 |
| 38000 | 50 | 0.83 | 1,900,000 | 3.57 | 38000 | 1:1 | 1,900,000 |
| 39000 | 5 | 0.08 | 195,000 | 0.37 | 39000 | 1:1 | 195,000 |
| 40000 | 29 | 0.48 | 1,160,000 | 2.18 | 40000 | 1:1 | 1,160,000 |
| 41000 | 245 | 4.08 | 10,045,000 | 18.88 | 41000 | 1:1 | 10,045,000 |
| 42000 | 5 | 0.08 | 210,000 | 0.39 | 42000 | 1:1 | 210,000 |
| 43000 | 1 | 0.02 | 43,000 | 0.08 | 43000 | 1:1 | 43,000 |
| 44000 | 41 | 0.68 | 1,804,000 | 3.39 | 44000 | 1:1 | 1,804,000 |
| 45000 | 130 | 2.16 | 5,850,000 | 11.00 | 45000 | 1:1 | 5,850,000 |
| TOTAL | 6,010 | 100.00 | 53,205,000 | 100.00 | 53,205,000 |
The Capital Raising Committee of the Board of our Bank at its meeting held on July 23, 2020 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Offer Account on July 23, 2020. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful allottees have been uploaded on July 24, 2020 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Bank has received the listing and trading approval from BSE and NSE, and trading will commence on July 27, 2020.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
INVESTORS PLEASE NOTE
These details of the Allotment made shall be hosted on the website of Registrar to the Offer, KFIN Technologies Private Limited at www.kfintech.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the ASBA form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
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| KFIN Technologies Private Limited |
| Plot No 31 and 32, Tower B, Karvy Selenium, Gachibowli, Hyderabad 500032. |
| Tel: +91 40 67162222; E-mail: einward.ris@kfintech.com; Investor grievance e-mail: einward.ris@kfintech.com; |
| Contact person: Ms. Shobha Anand /Mr. Sridhar B; Website: www.kfintech.com; SEBI registration Number: INR000000221 |
| For YES BANK LIMITED | |
| On behalf of the Board of Directors | |
| Place: Mumbai | Sd/- |
| Date : July 25, 2020 | Company Secretary and Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTSOFYES BANK LIMITED.
YES BANK LIMITED has filed the Prospectus with the SEBI and the RoC situated at Maharashtra. The Prospectus is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers. Kotak Mahindra Capital Company Limited at www.investmentbank.kotak.com SBI Capital Markets Limited at www.sbicaps.com, Axis Capital Limited at www.axiscapital.co.in, Citigroup Global Markets India Private Limited at www.online.citibank.co.in/rhtm/citigroupglobalscreenl.htm, DSP Merrill Lynch Limited at www.ml-india.com, HSBC Securities and Capital Markets (India) Private Limited at https://www.business.hsbcco.in/en-gb/in/generic/ipo-open-offer-and-buyback, ICICI Securities Limited at www.iddsecurities.com and YES Securities (India) Limited at www.yesinvest.in, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see 'Risk Factors' on page 24 of the Prospectus.
This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction, including the United States. The Equity Shares have not been and will not be registered under the Securities Act or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to "qualified institutional buyers" (as defined in Rule 144A) in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in compliance with Regulation S under the Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.
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