The Rs 1,500 crore follow-on public offer (FPO) by YES Bank has been subscribed 48 per cent on the second day of the bidding process on Thursday. By 5 pm, Qualified Institutional Buyers (QIB) portion was subscribed 120 per cent, data compiled from BSE and NSE show. Non Institutional Investors (NII) portion has received 11 per cent subscription, while retail quota was subscribed 19 per cent so far in the day. Employee portion was subscribed by 11 per cent.

The FPO was subscribed 22 per cent at the end of the first day. The issue, which can be bid with a minimum lot size of 1,000 equity shares and multiples thereafter, will close on July 17. Yes Bank is aiming to raise the money by selling its shares at Rs 12-13 apiece.

On Wednesday, YES Bank in a regulatory filing said that it has raised Rs 4,098.46 crore from anchor investors by allotting 3,415,384,614  equity shares at Rs 12 per equity share, which may be subject to change upon determination of the offer price. The anchor

investors include US-based alternative asset manager Tilden Park Capital Management LP, Singapore-based fund management company Amansa Capital and UK-based fund management firm Jupiter Fund.

Tilden Park, a multi-strategy fixed-income-focused alternative asset manager with expertise in distressed credit, has alone invested Rs 2,250 crore in the lender's anchor book.

Meanwhile, the initial public offer (IPO) of specialty chemicals manufacturing firm Rossari Biotech was subscribed a whopping 79.37 times on the last day of bidding on Wednesday. The Rs 496-crore IPO received bids for 64,87,33,645 shares against the total issue size of 81,73,530 shares.