Yes Bank raises $500 million, demand strong after Modi win

THE ECONOMIC TIMES Sun, Jun 01, 2014 | 10:04 AM IST IPO Newsletter

Yes Bank raises $500 million, demand strong after Modi win Yes Bank raises $500 million, demand strong after Modi win The offering drew strong demand, pricing at the top end of its indicative range and bids outnumbered shares on offer by five times, bankers said. Yes Bank to launch $500 million share sale Yes Bank to launch $500 million share sale In a statement to the stock exchange on April 23, the bank had said it planned to raise up to $500 million in one or more tranches. Finance min to encourage greater retail participation Finance min to encourage greater retail participation Government plans to offer tax breaks, a bigger share for retail investors in IPOs & share sale of PSUs to encourage greater retail participation. FinMin for divestment via follow-on offers in PSUs FinMin for divestment via follow-on offers in PSUs Finance ministry officials have proposed divestment through follow-on offers and open offer for sale to increase the market float of state-run companies. Manpasand Beverages plans IPO next year Manpasand Beverages plans IPO next year Promoted by first generation entrepreneur Dhirendra Singh, Vadodara-based Manpasand could raise over Rs 300-400 crore in the issue.

Company Name Issue Size Status Date of Relevance Volume   Wonderla Holidays Ltd. 634375000.00 Close 21/04/2014 to 23/04/2014 125.00 Loha Ispaat Ltd. 1233793022.00 Close 11/03/2014 to 25/03/2014 77.00

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