YES Bank FPO subscribed 26% on Day 2. Here's what analysts say

At the upper end of the price band, YES Bank demands an adjusted price-to-book value of 0.85 times. A few other banks trading at similar valuations are IDFC Bank (0.9 times), SBI Bank (0.5 times core banking business) and Federal Bank (0.9 times).

from IPOs/FPOs-Markets-Economic Times https://ift.tt/2B4hOGN