INVESTMENT BANKIN G 

PROJECT ON
IPO OF YES BANK 
(2005)

SUBMITTED TO:      SUBMITTED BY:

Prof. Gurendra Bhardwaj Samiksha Tiwari

FT­09­833
 ACKNOWLEDGEMENT

We would like to thank our faculty Dr. Gurendra Bhardwaj for giving us the

opportunity to work on this project and providing us the all necessary information,

which helped us to complete this project. While developing this project we have

learnt how company goes for an IPO and how it affects the company's financial

health which will undoubtedly help us in future.

We are also very much indebted to our college for providing us a conducive

environment to learn and implement our theoretical knowledge into practice.

This acknowledgement would be incomplete without thanking all our group members

whose constant motivation, co-operation & co-ordination were the driving forces in

reaching the completion stage.

We are also grateful to our friends and family who supported us and to all those

people who directly or indirectly helped us in accomplishing this project.

 YES BANK ­ Overview

YES BANK, India's new age private sector Bank, is an outcome of the professional
entrepreneurship of its Founder, Rana Kapoor and his highly competent top management team, to
establish a high quality, customer centric, service driven, private Indian Bank catering to the
"Future Businesses of India". YES BANK is the only Greenfield license awarded by the RBI in
the last 15 years, associated with the finest pedigree investors. YES BANK has fructified into a
"full service" commercial Bank that has steadily built Corporate and Institutional Banking,
Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and
Transaction Banking, and Wealth Management business lines across the country, and is well
equipped to offer a range of products and services to corporate and retail customers.

YES BANK has a vision to champion 'Responsible Banking' in India where the concepts of
Corporate Social Responsibility and Sustainability are embedded in the DNA of the organization
and integrated in its Business Focus. YES BANK is committed to adding long term value to society,
to differentiate itself in the marketplace based on a strong 'sustainability mandate' and to build in
flexibility and openness as part of its core strategy. The Bank has engaged with global thought
leadership forums like the Clinton Global Initiative (CGI), Triple Bottom Line Investing (TBLI)
and Tallberg Forum. YES BANK has recently become the first Indian Bank to become a signatory
to the United Nations Global Compact. YES BANK has also launched YES SAMPANN, a
microfinance initiative of the Bank focused on developing a pioneering strategy of Direct
Intervention for the microfinance domain in collaboration with ACCION International, USA.

YES BANK has invested in the best IT systems and practices in order to make its technology
platform a strategic business tool for building a competitive advantage. The Bank has outsourced a
significant part of its technology, infrastructure and hardware requirements, which has enabled the
Bank to achieve high standards of customer service at comparatively lower cost structures. YES
BANK is committed to executing a concerted strategy by continuously launching innovative and
secure banking channels to enhance customer satisfaction and increase focus on providing
convenience and choice to our clients. The Bank has partnered Obopay USA, to launch secure
mobile payment solutions for the first time in India.

YES BANK has been recognized amongst the Top and the Fastest Growing Bank in various
Indian Banking League Tables by prestigious media houses and Global Advisory Firms, and has
received national and international honours for our various Businesses including Corporate Finance,
Investment Banking, Treasury, Transaction Banking, and Sustainable practices through Responsible
Banking.
Financial Trust

The vast banking experience of Founder, Rana Kapoor, has been strengthened by the financial
support of Rabobank Netherlands, a AAA rated private Bank, and respected global institutional
investors like Orient Global, Rabobank, Franklin Templeton, AIF Capital, Swiss Re, Khazanah
Nasional, Fidelity amongst others to provide YES BANK a strong foundation of enduring
financial trust.

Human Capital

At YES BANK, we look to offer comprehensive banking and financial solutions. Which is
why, we have inducted top quality Human Capital across all our banking functions, including
Corporate & Institutional Banking, Financial Markets, Investment Banking, Business &
Transactional Banking and Retail Banking & Wealth Management.

Knowledge Banking

Our differentiated view of banking as a knowledge-based industry has ensured that our
Bankers are also industry experts in sectors like Food & Agribusiness, Life Sciences,
Telecommunications, Media & Technology, Infrastructure, Retailing & Textiles and Select
Engineering. These Knowledge Bankers offer invaluable and in-depth insights into these
sectors, thereby helping our clients to develop great ideas and nurture them to fruition.

Technology Edge

Technology is another key differentiator at YES BANK. Our alliances with best-of-breed
technology partners ensure proactive, on-demand support to meet our growth requirements, as
well as the continuous development of our systems infrastructure and delivery channels.

Corporate Governance

Our foundations have been inscribed with stringent Corporate Governance measures, whereby
transparency, disclosure norms and accountability have paramount importance, in order to
safeguard the trust and wealth of each and every stakeholder and customer.

Growth

Indeed, at YES BANK, we look to partner the growth of our clients, while they gain from
leveraging our financial expertise, thereby enabling us to accomplish our mission of “Creating
and Sharing Value”.
The IPO – Open Public Offer
Issue details 

Bid/Issue opens on : June 15, 2005 
Bid/Issue closes on : June 21, 2005 
Price Band : Rs 38 to Rs 45 per equity share of Rs 10 each. 
Minimum   application   :  150   equity   shares   and   in   multiples   of   150   equity   shares 
Maximum Retail Bid Amount : Rs. 50,000.

Capital Structure 

Authorised Capital: 40,00,00,000 equity shares of Rs.10 each 
Issued Capital before the issue: 20,00,00,000 equity shares of Rs.10 each 
Issued Capital after the issue: 27,00,00,000 equity shares of Rs.10 each 
Promoters share pre­issue: 52.12% 
Promoters share post issue: 38.62%

Objectives of the Issue 

Yes Bank will use the issue proceeds to augment the long term capital requirement in 
order to implement bank’s growth plans and to increase the paid up equity capital in 
compliance with the licensing directives of RBI. 

Financials
The bank is yet to start full scale operation. For the period, the bank had posted a net 
loss of Rs 3.75 crore with income of Rs. 48.14 crore. 
Subscription & Listing:

The YES Bank IPO, which closed for subscription on 21st June, 2005 had received an
overwhelming response across all classes of investors. A total of over 257,000 bids were received
generating a demand of over Rs. 9000 crores, resulting in an overall final subscription of over 30
times.

The Institutional Portion (QIB) received over 190 bids for over Rs. 4700 crores, resulting in
oversubscription of over 31 times. The Non-Institutional Portion (HNI) received more than 3,800
bids for over Rs. 3650 crores, resulting in oversubscription of over 46 times. The Retail Portion
received over 253,000 bids for over Rs. 750 crores, resulting in oversubscription of over 10 times.
Therefore the HNI/ Retail combined also exceeded Rs. 4300 crores.

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.
Comparision of pre & post IPO scenario & company's

performance:

1.  Pre & Post IPO growth rate: 

Particulars 2004­05 2005­06 2006­07 2007­08 2008­09 2009­10

Total Income 48.18 292.61 788.32 1665.36 2460.36 2950.86
Net Profit ­3.76 55.32 94.37 200.02 303.84 477.74
Branches 2 17 40 67 117 150

At the time of IPO, YES Bank was new to the country with only 2 branches in India, one in
Mumbai & the other in Delhi. It had not started its operations fully, so it is very difficult to analyse
the pre IPO growth rate of the bank. The only year when it operated before the IPO was FY04 in
which the bank had the total income of Rs. 48.18 crores & total profit or rather loss of Rs. 3.76
crores. The only thing that the company had in its favor was that it had licenses form RBI to open
another 28 branches. And once it received the IPO proceeds, the want went on an expansion drive.
It opened 15 branches in FY06, the year it hit the market with its IPO. Thereafter the branches grew
in number on year-on-year basis. It opened 133 new branches in the next 4 years and the total
number rose from 17 in FY06 to 150 in FY10.

As the branches were increasing, so the topline & the bottomline. From a net loss of Rs 3.76 crores
to a net profit of Rs. 477.74 crores, the company had a dream run. Its topline also increased from Rs
48.18 crores in FY05 to Rs 2950 crores in FY10. The bank did not see a single dull season in
between this 5 years. The bank's rapid growth and expansion had made it one of the most preferred
Banks for investment.
 2.  Pre & Post IPO growth (from the investors point of view): 

Particulars 2004­05 2005­06 2006­07 2007­08 2008­09 2009­10

EPS 0 2.05 3.37 6.76 10.23 13.81
Book Value Per  10.66 21.21 28.11 44.59 54.69 90.96
Share
P/E Ratio 0 48.98 41.75 24.95 4.88 18.11

As the bank had a net loss of Rs 3.76 crores in the year 2004-05, the EPS was nil. The bank came
up with its IPO in june 2005 and since than it has performed very well. At the end of the 1 st year of
its IPO, the EPS stood at Rs. 2.05 and the share price was almost 48.98 times the EPS. It should be
noted that the only reason behind such high P/E ratio was that the bank was new in the country with
only 2 branches in 2004-05. The banks had huge expansion plans which would be executed in the
coming years. The investors were confident of the promises made by the bank and so they paid high
prices for the shares of YES Bank.

The bank kept enjoying the trust of the shareholders and it enjoyed high share prices even in FY07.
The bank also kept up with the expectations of the shareholders and the promises it made to them.
The book value of shares increased from just Rs 10 in FY05 to Rs 45 in FY08 & further to Rs. 90 in
FY10. Even the EPS of the bank increased from Rs. 2 in FY06 to Rs. 14 in FY 10. This shows the
rapid growth that the bank had in a short span of 5 years. It has kept it promises it made to the
shareholders at the time of IPO and had accomplished its objective of maximising the shareholders
wealth.
Post Listing (Share Prices):

300

250

200

150

Price
100

50

0
14/02/07

10/04/07

01/06/07

23/07/07

12/03/08

08/05/08

30/06/08
13/07/05
09/08/05
05/09/05
30/09/05
27/10/05
25/11/05
20/12/05
16/01/06
13/02/06
09/03/06
05/04/06
04/05/06
30/05/06
23/06/06
18/07/06
11/08/06
07/09/06
04/10/06
31/10/06
24/11/06
20/12/06
17/01/07

13/03/07

08/05/07

27/06/07

17/08/07
12/09/07
09/10/07
02/11/07
28/11/07
26/12/07
21/01/08
14/02/08

09/04/08

04/06/08
The company listed on both the bourses with a very high premium. It opened at the price of Rs. 65
versus the IPO price of Rs 45. Since then the company has given fruitful returns to its shareholders
and the prices rosed almost 6 times in just 2 n a half years time. After touching the high of Rs 270 in
January 08, the prices of the shares started cooling down and touched the low of Rs 100, still more
than double its IPO price in June 08. It should also be remembered that January to June 08 was the
period in which the entire world was in recission and all the markets of the world, including India's,
crashed. The Indian market saw a downside of nearly 70% during that time.

Overall during the 1st 3 years of going public, Yes Bank proved to be a very good investment for its
shareholders and the company's performance was very good, which was reflected in its share prices
as well. The company with its ambitious expansion plan of taking the number of branches to 759 by
2015 shows the zeal to become one of the dominant banks of India.
 Annexures

Daily Share Prices of Yes Bank
Date Price Date Price Date Price
12/07/05 60.85 23/09/05 62.9 07/12/05 70.25
13/07/05 58.7 26/09/05 65.05 08/12/05 70.9
14/07/05 57.25 27/09/05 66.45 09/12/05 71
15/07/05 61.85 28/09/05 68.65 12/12/05 69.8
18/07/05 64.1 29/09/05 67.65 13/12/05 70.1
19/07/05 63.95 30/09/05 66.35 14/12/05 70.35
20/07/05 63.5 03/10/05 66.55 15/12/05 70.3
21/07/05 62.5 04/10/05 67.1 16/12/05 69.8
22/07/05 62.05 05/10/05 67.75 19/12/05 68.9
25/07/05 61.4 06/10/05 68.4 20/12/05 69.05
26/07/05 62.45 07/10/05 69.2 21/12/05 69.3
27/07/05 63.55 10/10/05 68.2 22/12/05 67.85
29/07/05 62.45 11/10/05 67.2 23/12/05 68.35
01/08/05 63.3 13/10/05 65.65 26/12/05 67
02/08/05 71.6 14/10/05 64.7 27/12/05 68.8
03/08/05 69.55 17/10/05 63 28/12/05 68.85
04/08/05 71.7 18/10/05 65.7 29/12/05 69.95
05/08/05 71.55 19/10/05 64.7 30/12/05 68.4
08/08/05 70.65 20/10/05 64.65 02/01/06 68.35
09/08/05 69.7 21/10/05 63.55 03/01/06 69.5
10/08/05 71.5 24/10/05 64.55 04/01/06 68.95
11/08/05 71.65 25/10/05 65.05 05/01/06 71.6
12/08/05 70.7 26/10/05 65.4 06/01/06 71.45
16/08/05 69.45 27/10/05 65.1 09/01/06 69.15
17/08/05 69.05 28/10/05 63.45 10/01/06 68.15
18/08/05 68.95 31/10/05 64.95 12/01/06 69.65
19/08/05 67.9 01/11/05 65.9 13/01/06 74.2
22/08/05 66.7 02/11/05 65.85 16/01/06 73.8
23/08/05 64.6 07/11/05 65.4 17/01/06 73.05
24/08/05 64.65 08/11/05 65.3 18/01/06 71.85
25/08/05 65.7 09/11/05 65 19/01/06 72.3
26/08/05 66.2 10/11/05 65.2 20/01/06 71.65
29/08/05 65.25 11/11/05 66.5 23/01/06 73
30/08/05 66.45 14/11/05 65.85 24/01/06 75.25
31/08/05 67.05 16/11/05 66.05 25/01/06 82.05
01/09/05 67 17/11/05 66.2 27/01/06 82
02/09/05 70.6 18/11/05 66.2 30/01/06 78.75
05/09/05 68.3 21/11/05 67.6 31/01/06 76.8
06/09/05 68.85 22/11/05 67.55 01/02/06 77.8
08/09/05 69.1 23/11/05 68 02/02/06 80
09/09/05 72.7 24/11/05 68 03/02/06 78.6
12/09/05 71.7 25/11/05 68.05 06/02/06 79
13/09/05 71.5 26/11/05 68.5 07/02/06 79.6
14/09/05 71.7 28/11/05 68 08/02/06 80.4
15/09/05 71 29/11/05 67.95 10/02/06 79.85
16/09/05 70.7 30/11/05 67.2 13/02/06 79.8
19/09/05 69.8 01/12/05 68.35 14/02/06 81.5
20/09/05 68.85 02/12/05 69.3 15/02/06 80.4
21/09/05 65.35 05/12/05 70.05 16/02/06 80.65
22/09/05 63.9 06/12/05 70.1 17/02/06 81.2
 Daily Share Prices of Yes Bank (Contd...)
Date Price Date Price Date Price
20/02/06 80.3 05/05/06 104.95 13/07/06 77.4
21/02/06 83.6 08/05/06 104.6 14/07/06 76.4
22/02/06 82.7 09/05/06 105.15 17/07/06 75.25
23/02/06 81.7 10/05/06 107.15 18/07/06 73.45
24/02/06 80.25 11/05/06 104.95 19/07/06 70.3
27/02/06 80.2 12/05/06 105.85 20/07/06 73.6
28/02/06 80.85 15/05/06 103.25 21/07/06 75.15
01/03/06 81.8 16/05/06 100.55 24/07/06 77.2
02/03/06 82.6 17/05/06 103.4 25/07/06 80.5
03/03/06 85.4 18/05/06 99.05 26/07/06 79.7
06/03/06 88.15 19/05/06 96.05 27/07/06 79.3
07/03/06 86.9 22/05/06 90.6 28/07/06 80.1
08/03/06 84.6 23/05/06 91.1 31/07/06 80.3
09/03/06 89.55 24/05/06 90.2 01/08/06 80.15
10/03/06 89.5 25/05/06 90.45 02/08/06 80.05
13/03/06 89.55 26/05/06 91.85 03/08/06 79.2
14/03/06 89.7 29/05/06 90.05 04/08/06 80.1
16/03/06 89.5 30/05/06 90.6 07/08/06 80.15
17/03/06 89.85 31/05/06 90.05 08/08/06 80.4
20/03/06 90.85 01/06/06 90 09/08/06 85.75
21/03/06 90.85 02/06/06 90.65 10/08/06 89.9
22/03/06 90.85 05/06/06 85.45 11/08/06 89.75
23/03/06 90.85 06/06/06 84.95 14/08/06 88.65
24/03/06 92 07/06/06 82.45 16/08/06 87.3
27/03/06 96.55 08/06/06 76.15 17/08/06 87
28/03/06 101.2 09/06/06 79.35 18/08/06 86
29/03/06 100.7 12/06/06 76.1 21/08/06 86.3
30/03/06 100.8 13/06/06 74.4 22/08/06 86.35
31/03/06 100.55 14/06/06 71.6 23/08/06 85.6
03/04/06 102 15/06/06 76.95 24/08/06 85.25
04/04/06 100.4 16/06/06 80.1 25/08/06 86.55
05/04/06 101.95 19/06/06 78.75 28/08/06 90.35
07/04/06 100.9 20/06/06 79.35 29/08/06 91.2
10/04/06 98.35 21/06/06 80.45 30/08/06 89.15
12/04/06 95.7 22/06/06 82.6 31/08/06 89.45
13/04/06 95.7 23/06/06 82.2 01/09/06 89.75
17/04/06 96.6 25/06/06 82.7 04/09/06 89.85
18/04/06 99.05 26/06/06 79.2 05/09/06 88.8
19/04/06 98.4 27/06/06 77.65 06/09/06 88.55
20/04/06 98.65 28/06/06 76.25 07/09/06 87.55
21/04/06 97.3 29/06/06 77.95 08/09/06 88.1
24/04/06 94.55 30/06/06 78.4 11/09/06 86.05
25/04/06 92.25 03/07/06 79.05 12/09/06 87.8
26/04/06 92.25 04/07/06 80.1 13/09/06 89.25
27/04/06 96.65 05/07/06 80.55 14/09/06 89.35
28/04/06 99.75 06/07/06 83.8 15/09/06 88.2
29/04/06 97.55 07/07/06 81.6 18/09/06 92.25
02/05/06 99.3 10/07/06 80.1 19/09/06 90.55
03/05/06 104.15 11/07/06 79.15 20/09/06 90.35
04/05/06 103.9 12/07/06 78.85 21/09/06 89.85
 Daily Share Prices of Yes Bank (Contd...)
Date Price Date Price Date Price
22/09/06 88.55 05/12/06 123.5 20/02/07 150.2
25/09/06 88.45 06/12/06 129.15 21/02/07 158.4
26/09/06 88.3 07/12/06 137.95 22/02/07 153.6
27/09/06 90.65 08/12/06 140.25 23/02/07 150.3
28/09/06 91.7 11/12/06 130.7 26/02/07 150.45
29/09/06 92.45 12/12/06 124.3 27/02/07 150.35
03/10/06 95.45 13/12/06 132.2 28/02/07 142.15
04/10/06 97.25 14/12/06 134.5 01/03/07 142.6
05/10/06 100.25 15/12/06 141.9 02/03/07 141.85
06/10/06 102 18/12/06 139.6 05/03/07 129.95
09/10/06 99.45 19/12/06 137.1 06/03/07 122.9
10/10/06 100.5 20/12/06 135.6 07/03/07 120.95
11/10/06 100.05 21/12/06 133.15 08/03/07 123.75
12/10/06 100.2 22/12/06 131.9 09/03/07 121.25
13/10/06 99.6 26/12/06 138 12/03/07 129.7
16/10/06 100.15 27/12/06 136.7 13/03/07 128.65
17/10/06 102.8 28/12/06 134.8 14/03/07 122.65
18/10/06 106.55 29/12/06 134.55 15/03/07 125
19/10/06 111.4 02/01/07 141.3 16/03/07 125.45
20/10/06 111.35 03/01/07 139.6 19/03/07 123.85
21/10/06 109.15 04/01/07 138.25 20/03/07 126.7
23/10/06 110.65 05/01/07 138.45 21/03/07 138.2
26/10/06 109.45 08/01/07 138.25 22/03/07 140.6
27/10/06 107.8 09/01/07 137.65 23/03/07 152.75
30/10/06 116.65 10/01/07 135.65 26/03/07 147.55
31/10/06 114.45 11/01/07 137.55 28/03/07 142
01/11/06 116.25 12/01/07 141.85 29/03/07 143.2
02/11/06 116.15 15/01/07 155 30/03/07 140
03/11/06 112.5 16/01/07 162.15 02/04/07 137.7
06/11/06 113.8 17/01/07 160.1 03/04/07 139.95
07/11/06 110.8 18/01/07 156.8 04/04/07 140.7
08/11/06 109.8 19/01/07 160 05/04/07 142.35
09/11/06 115.45 22/01/07 156.75 09/04/07 145.85
10/11/06 115 23/01/07 155.95 10/04/07 147.15
13/11/06 116.15 24/01/07 154.6 11/04/07 150.45
14/11/06 116.75 25/01/07 155.95 12/04/07 149.35
15/11/06 119.4 29/01/07 155.05 13/04/07 149.75
16/11/06 117.9 31/01/07 150.85 16/04/07 153.95
17/11/06 115.65 01/02/07 151.75 17/04/07 151.3
20/11/06 118.55 02/02/07 151.4 18/04/07 151.65
21/11/06 118.3 05/02/07 151.75 19/04/07 151.3
22/11/06 115.8 06/02/07 153 20/04/07 150.5
23/11/06 118.15 07/02/07 160.7 23/04/07 147.45
24/11/06 130.8 08/02/07 154.7 24/04/07 153.85
27/11/06 127.65 09/02/07 151.65 25/04/07 152.95
28/11/06 126.9 12/02/07 147.1 26/04/07 155.8
29/11/06 128.2 13/02/07 142.6 27/04/07 152.15
30/11/06 126.4 14/02/07 148.6 30/04/07 150.7
01/12/06 128.25 15/02/07 150.85 03/05/07 151.85
04/12/06 126.05 19/02/07 152.25 04/05/07 152.35
 Daily Share Prices of Yes Bank (Contd...)
Date Price Date Price Date Price
07/05/07 150.1 16/07/07 183.9 25/09/07 190.7
08/05/07 147.05 17/07/07 180.85 26/09/07 196.75
09/05/07 153.45 18/07/07 178.75 27/09/07 194.8
10/05/07 155.55 19/07/07 183.6 28/09/07 206.95
11/05/07 154.35 20/07/07 181.85 01/10/07 211.5
14/05/07 156.55 23/07/07 181.95 03/10/07 205.15
15/05/07 159.3 24/07/07 181.4 04/10/07 204.3
16/05/07 164.55 25/07/07 181.4 05/10/07 198.95
17/05/07 173.65 26/07/07 182.7 08/10/07 185.85
18/05/07 174.8 27/07/07 180.05 09/10/07 192.85
21/05/07 169.85 30/07/07 183.75 10/10/07 195.25
22/05/07 168.25 31/07/07 189.6 11/10/07 194.55
23/05/07 168.9 01/08/07 181.25 12/10/07 194.6
24/05/07 168.8 02/08/07 186.65 15/10/07 206.15
25/05/07 171.15 03/08/07 189.45 16/10/07 211.1
28/05/07 169.05 06/08/07 188.15 17/10/07 203.8
29/05/07 170.05 07/08/07 186.05 18/10/07 191.25
30/05/07 165.85 08/08/07 184.1 19/10/07 175.25
31/05/07 167.95 09/08/07 183.25 22/10/07 186.4
01/06/07 169.55 10/08/07 182.35 23/10/07 205.75
04/06/07 169.2 13/08/07 181.7 24/10/07 210.55
05/06/07 170 14/08/07 179.7 25/10/07 208.2
06/06/07 168.7 16/08/07 175.15 26/10/07 213.6
07/06/07 166.8 17/08/07 169.85 29/10/07 223.35
08/06/07 163.4 20/08/07 171.4 30/10/07 229.2
11/06/07 161.85 21/08/07 163.25 31/10/07 217.3
12/06/07 158.5 22/08/07 158.7 01/11/07 221.55
13/06/07 154.65 23/08/07 155.8 02/11/07 226.3
14/06/07 154.2 24/08/07 163.35 05/11/07 224.75
15/06/07 153 27/08/07 172.1 06/11/07 223.25
18/06/07 153.95 28/08/07 169.8 07/11/07 220.55
19/06/07 159.15 29/08/07 166.7 08/11/07 219.15
20/06/07 158.7 30/08/07 168 09/11/07 222.55
21/06/07 158.75 31/08/07 184.85 12/11/07 220.95
22/06/07 157.55 03/09/07 190.75 13/11/07 219.2
25/06/07 170.9 04/09/07 186.75 14/11/07 225.05
26/06/07 170.7 05/09/07 183.55 15/11/07 236.6
27/06/07 169.1 06/09/07 189.35 16/11/07 238.55
28/06/07 172.55 07/09/07 187.95 19/11/07 241.45
29/06/07 180.15 10/09/07 185.65 20/11/07 236.5
02/07/07 184.3 11/09/07 183.95 21/11/07 230.5
03/07/07 184.8 12/09/07 184.55 22/11/07 230.25
04/07/07 193.95 13/09/07 183.45 23/11/07 229.25
05/07/07 192.65 14/09/07 179.05 26/11/07 229.9
06/07/07 196.5 17/09/07 179.3 27/11/07 230.6
09/07/07 194.4 18/09/07 184.35 28/11/07 227.9
10/07/07 185.2 19/09/07 187.45 29/11/07 222.3
11/07/07 185.15 20/09/07 185.4 30/11/07 230.9
12/07/07 184.4 21/09/07 185.9 03/12/07 233.2
13/07/07 183.2 24/09/07 186.9 04/12/07 249.2
 Daily Share Prices of Yes Bank (Contd...)
Date Price Date Price Date Price
05/12/07 249.7 15/02/08 249.7 05/05/08 178.9
06/12/07 246.35 18/02/08 241.45 06/05/08 174.75
07/12/07 245.05 19/02/08 242 07/05/08 175.25
10/12/07 257.75 20/02/08 238.55 08/05/08 169.75
11/12/07 262.25 21/02/08 238.05 09/05/08 163.2
12/12/07 258.6 22/02/08 234.6 12/05/08 161.4
13/12/07 255.55 25/02/08 238.25 13/05/08 160.05
14/12/07 250.4 26/02/08 239.3 14/05/08 164
17/12/07 238.75 27/02/08 242.9 15/05/08 172.1
18/12/07 243.6 28/02/08 244.1 16/05/08 171.45
19/12/07 236 29/02/08 246.75 20/05/08 166.95
20/12/07 234.9 03/03/08 228.6 21/05/08 169.35
24/12/07 232.95 04/03/08 207.4 22/05/08 162.05
26/12/07 236.75 05/03/08 203.3 23/05/08 160.1
27/12/07 248.45 07/03/08 180.35 26/05/08 157.2
28/12/07 249.85 10/03/08 184.05 27/05/08 154.5
31/12/07 249.3 11/03/08 193.8 28/05/08 159.45
01/01/08 258.35 12/03/08 185.35 29/05/08 154.5
02/01/08 265.75 13/03/08 174.65 30/05/08 155.6
03/01/08 260.7 14/03/08 173.65 02/06/08 148.15
04/01/08 260.05 17/03/08 147.95 03/06/08 142.55
07/01/08 263.4 18/03/08 127.4 04/06/08 144.25
08/01/08 260.2 19/03/08 137.1 05/06/08 150.85
09/01/08 260.1 24/03/08 142.25 06/06/08 155.6
10/01/08 259.4 25/03/08 171.25 09/06/08 144.7
11/01/08 258.45 26/03/08 193.7 10/06/08 140.8
14/01/08 257.7 27/03/08 185.35 11/06/08 136.6
15/01/08 258.25 28/03/08 181.05 12/06/08 140.05
16/01/08 250.75 31/03/08 168.75 13/06/08 139.9
17/01/08 252.3 01/04/08 163.95 16/06/08 143.1
18/01/08 248 02/04/08 160.65 17/06/08 148.7
21/01/08 227.3 03/04/08 150.2 18/06/08 144.7
22/01/08 209.95 04/04/08 147.5 19/06/08 137.4
23/01/08 223.15 07/04/08 145.4 20/06/08 134.05
24/01/08 220.65 08/04/08 162.45 23/06/08 128.95
25/01/08 232.6 09/04/08 169.5 24/06/08 135.9
28/01/08 243.7 10/04/08 165.15 25/06/08 131.4
29/01/08 244.45 11/04/08 160.9 26/06/08 131.4
30/01/08 244.45 15/04/08 166.15 27/06/08 124
31/01/08 251.45 16/04/08 165.25 30/06/08 114.7
01/02/08 253.6 17/04/08 168.6 01/07/08 111.05
04/02/08 257.7 21/04/08 173.05 02/07/08 111.4
05/02/08 257.7 22/04/08 173.7 03/07/08 103.65
06/02/08 254.3 23/04/08 171.6 04/07/08 109.65
07/02/08 248.6 24/04/08 165.8 07/07/08 110.9
08/02/08 237.5 25/04/08 170 08/07/08 115.55
11/02/08 229.6 28/04/08 168 09/07/08 119.1
12/02/08 226.4 29/04/08 171.25 10/07/08 119.85
13/02/08 225.2 30/04/08 170.45 11/07/08 116.95
14/02/08 239.55 02/05/08 174.7