Jana Small Finance Bank Limited IPO is a MAIN BOARD IPO. They are going to raise ₹570 Crores via IPO. The issue is priced at ₹393 to ₹414 per equity share. The IPO is to be listed on NSE, BSE
Jana Small Finance Bank Limited IPO opens for subscription on February 7, 2024, and closes on February 9, 2024. The allotment for the Jana Small Finance Bank Limited IPO is expected to be finalized on Friday, February 12, 2024. Jana Small Finance Bank Limited IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, February 14, 2024.
| Jana Small Finance Bank Limited | MAIN BOARD |
| Minimum Investment ₹14,904 / 1– Lot (36 shares) | Price Range ₹393-₹414 | |
| Max Quantity 13-Lots/ (468 Shares) | Max Investment ₹19,3752 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 570 Cr | Employee Discount ₹ |
| Total Issue Size 13,768,049 Shares (Aggregating up to ₹570.00 Cr) | Share Holding Pree Issue 93,430,855 | Issue Type Book build Issue IPO |
| Fresh Issue Share 11,159,420 Shares (Aggregating up to ₹462.00 Cr) | Share Holding Post Issue 104,590,275 | Listing At BSE, NSE |
| Offer For Sale 2,608,629 Shares Of ₹10 (Aggregating up to ₹108.00 Cr) | Face value ₹10 |
IPO Dates
| Offer Starts | 07 Feb 2024 |
| Offer Ends | 09 Feb 2024 |
| Allotment | 12 Feb 2024 |
| Refunds | 13 Feb 2024 |
| Credit of shares to Demat account | 13 Feb 2024 |
| IPO Listing | 14 Feb 2024 |
About Jana Small Finance Bank Limited
Incorporated in July 2006, Jana Small Finance Bank Limited is a non-banking finance company primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
Jana Small Finance Bank is the fourth largest Small Finance Bank in terms of AUM and the fourth largest Small Finance Bank in terms of deposit size as of September 30, 2023. (Source: Fitch Report). As of September 30, 2023, they had 771 banking outlets, including 278 banking outlets in unbanked rural centers, in 22 states and two union territories. They have served nearly 12 million customers since 2008, including 4.87 million active customers as of September 30, 2023.
Jana SFB offers various unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans.
The bank classifies loans into three categories:
- individual loans for home improvement/repair,
- individual loans for school fees, and
- individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.
| Incorporated In | Managing Director |
| 2006 |
Jana Small Finance Bank Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Share Holding
| Share Holding Pre-Issue | 25.20% |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹3,699.88 | ₹3,062.37 | ₹2,720.74 |
| Assets | ₹25,643.69 | ₹20,188.78 | ₹19,078.66 |
| Profit | ₹255.97 | ₹17.47 | ₹72.26 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | 4330.04Cr | ROE | 16.78% |
| P/E (X) | 15.11 | ROCE | % |
| POST P/E (X) | 10.15 | EPS | 27.4 |
| Debt to Equity | 3.49 | RONW | 14.40% |
Objects of the Issue
- The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank’s Tier – 1 capital base to meet the Bank’s future capital requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
Brokerage Firm IPO Review
- To be updated soon
| Jana Small Finance Bank Limited Contact Details | |
| Address | Jana Small Finance Bank Limited The Fairway Business Park, #10/1, 11/2, 12/2B, off Domlur, Koramangala Inner Ring Road, Next to EGL, Challaghatta, Bengaluru 560 071 |
| Phone: | +91 80 4602 0100 |
| investor.grievance@janabank.com | |
| Website | https://www.janabank.com/ |
| Jana Small Finance Bank Limited IPO Lead Managers |
| Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited |
| Jana Small Finance Bank Limited IPO Registrar | |
| . | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| jana.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| Jana Small Finance Bank Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click Here |
Jana Small Finance Bank Limited IPO FAQs
What is Jana Small Finance Bank Limited IPO?
- Jana Small Finance Bank Limited IPO is a MAIN BOARD IPO. They are going to raise ₹570 Crores via IPO. The issue is priced at ₹393 to ₹414 per equity share. The IPO is to be listed on NSE, BSE
When Jana Small Finance Bank Limited IPO will open?
- The IPO is to open on February 7, 2023, for QIB, NII, and Retail Investors.
What is Jana Small Finance Bank Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Jana Small Finance Bank Limited IPO Size?
- Jana Small Finance Bank Limited IPO size is ₹570 crores.
What is Jana Small Finance Bank Limited IPO Price Band?
- Jana Small Finance Bank Limited IPO Price Band is ₹393 To ₹414 per equity share.
What is Jana Small Finance Bank Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1-Lot (36 Shares) with ₹14,904. and Maximum Lot Size 13 -Lots (468 Shares) with ₹193,752
What is Jana Small Finance Bank Limited IPO Allotment Date?
- Jana Small Finance Bank Limited IPO allotment date is February 12, 2024.
What is Jana Small Finance Bank Limited IPO Listing Date?
- Jana Small Finance Bank Limited IPO listing date is February 14, 2024. The IPO to list on NSE, BSE.