The private sector lender had raised Rs 15,000 crore through FPO by issuing shares at price of Rs 12 per share. Over 12.5 billion new shares issued in the FPO commenced trading last week.
FPO had managed to sail through with 95 per cent subscription, driven by institutional investors, even as high networth individuals (HNIs) and retail investors showed tepid interest in the bank's offering. While the qualified institutional buyers (QIB) portion was subscribed 1.4 times, the segments meant for HNIs and retail buyers were subscribed just 63 per cent and 43 per cent, respectively.
YES Bank's funding and liquidity have moderately improved in the second quarter of 2020, although they are still weaker than a year ago. Bank continues to face the risk of a further deterioration in asset quality in light of the ongoing economic disruption caused by the coronavirus outbreak, the Moody's report said.
At 10:34 am, the stock was trading 2.25 per cent higher at Rs 12.25 per share. In comparison, the benchmark S&P BSE Sensex was up 475 points, or 1.29 per cent, at 37,415 level. Abour 6.2 million shares have changed hands on the BSE till the time of writing of this report.