WHAT IS FPO (FURTHER PUBLIC OFFER), DETAILS OF YES BANK FURTHER PUBLIC OFFER.👉
FPO is an abbreviation of a Further Public Offer. The process of FPO
starts after an IPO. FPO is a public issue of shares to investors at large by listed company. In FPO, the company goes for a further issue of shares
to the general public with a view to diversifying its equity base. A prospectus
is offered by the company, which is called as RHP (Red Herring Prospectus).
There are two types of FPO-
1. In which promoter shares diluted.
2. OFS for existing share holders which is called as offer for sale.
so it is the process of raising capital from public for further business expansion.
Benefit of FPO over IPO is ,in FPO we already know the company as it is already listed on exchange,while in case of IPO there is very less information available about new comp
So now talk about FPO of YES BANK-
It is FPO of first type where dilution of promoter stakes will happen.
YES BANK is going to raise 15000 crore of capital through this FPO.
FOR SUBSCRIBING FOR FPO YOU HAVE TO CONTACT YOUR BROKER.
DETAILS OF YES BANK FPO ARE AS UNDER-
1. DATE OPEN FOR SUBSCRIPTION- 15 JULY 2020 TO 17 JULY 2020
2.PRICE RANGE - 12-13 RS. PER SHARE
3.MINIMUM ORDER QUANTITY- 1000 SHARES
4. MAXIMUM ORDER QUANTITY- 15000 SHARES
5. LISTING DATE FOR FPO IS - 27 JULY 2020.