Date:16/06/2005 URL: http://www.thehindubusinessline.com/2005/06/16/stories/2005061601261300.htm

Back Yes Bank IPO subscribed 8.27 times

Our Bureau

MUMBAI: The initial public offering (IPO) of Yes Bank was subscribed 8.27 times on the first day, according to the NSE Web site.

Cumulative bids were received for a total of 57.86 crore shares against the issue size of seven crore shares. A total of 68.34 lakh bids were received at the cut-off price.

The price band for the 100 per cent book-built issue is between Rs 38 and Rs 45 and the IPO closes on June 21.

DSP Merill Lynch and Enam Financial Consultants are the book-running lead managers to the issue.