The Hindu Business Line : Yes Bank lists at 44 pc premium

Mr Rana Kapoor, Managing Director & CEO, Yes Bank, striking the bell at the Bombay Stock Exchange Convention Hall for the listing of the company shares in Mumbai on Tuesday. - Paul Noronha

Mumbai , July 12

THE shares of Yes Bank Ltd traded at a premium of 44 per cent over the issue price on the first day of listing on the Bombay Stock Exchange.

The stock opened at Rs 65 against the issue price of Rs 45 per share. On the NSE, it opened at Rs 65.90, a 46.4 per cent premium to the issue price.

The shares of the bank touched an intra-day high of Rs 70 on both exchanges before closing at Rs 60.80 on the BSE and at Rs 60.85 on the NSE.

The shares traded on both BSE and NSE were over 7.5 crore.

Yes Bank has raised Rs 315 crore through the initial public offering and the issue was subscribed over 30 times, said a press release from the bank. A total of 68.34 lakh bids were received at the cut off price.

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