Jana Small Finance Bank IPO is a book-built issue of Rs 570.00 crores, comprising a fresh issue of 1.12 crore shares and an offer for sale of 0.26 crore shares. The IPO opens for subscription on February 7, 2024, and closes on February 9, 2024. Allotment is expected to be finalized on Monday, February 12, 2024, and the listing on BSE, NSE is tentatively set for Wednesday, February 14, 2024.
Jana Small Finance Bank IPO Price Band and Lot Size
The IPO price band is set at ₹393 to ₹414 per share, with a minimum lot size for an application being 36 shares. Retail investors need a minimum investment of ₹14,904. For sNII, the minimum lot size is 14 lots (504 shares), amounting to ₹208,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹1,013,472.
Book Running Lead Managers and Registrar
Axis Capital Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the book running lead managers of the Jana Small Finance Bank IPO. Kfin Technologies Limited is the registrar for the issue.
Jana Small Finance Bank IPO Details
- IPO Date: February 7, 2024, to February 9, 2024
- Listing Date: To be announced
- Face Value: ₹10 per share
- Total Issue Size: 13,768,049 shares (aggregating up to ₹570.00 Cr)
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
- Share Holding Pre-Issue: 93,430,855
- Share Holding Post-Issue: 104,590,275
Jana Small Finance Bank IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Jana Small Finance Bank IPO Timeline
- IPO Open Date: Wednesday, February 7, 2024
- IPO Close Date: Friday, February 9, 2024
- Basis of Allotment: Monday, February 12, 2024
- Initiation of Refunds: Tuesday, February 13, 2024
- Credit of Shares to Demat: Tuesday, February 13, 2024
- Listing Date: Wednesday, February 14, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on February 9, 2024
Jana Small Finance Bank IPO Lot Size Calculator
Investors can bid for a minimum of 36 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Jana Small Finance Bank IPO Promoter Holding
The promoters of the company are Jana Capital Limited and Jana Holdings Limited, with a pre-issue shareholding of 25.20%.
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 SFB offers various unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans.
Jana Small Finance Bank Limited Financial Information
Between March 31, 2021, and March 31, 2023, the bank’s gross secured advances increased from ₹50,760.00 million to ₹99,047.54 million, representing a CAGR of 39.69%.
Key Performance Indicator
The market capitalization of Jana Small Finance Bank IPO is Rs 4330.04 Cr.
Objects of the Issue (Jana Small Finance Bank IPO Objectives)
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.
Jana Small Finance Bank Limited Contact Information
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
Email: investor.grievance@janabank.com
Website: https://www.janabank.com/
Jana Small Finance Bank IPO FAQs
Jana Small Finance Bank IPO is a main-board IPO of 13,768,049 equity shares of the face value of ₹10 aggregating up to ₹570.00 Crores. The issue is priced at ₹393 to ₹414 per share. The IPO opens on February 7, 2024, and closes on February 9, 2024.
How to Apply in Jana Small Finance Bank IPO
Zerodha customers can apply online in Jana Small Finance Bank IPO using UPI as a payment gateway. Follow these steps:
- Visit the Zerodha website and log in to Console.
- Go to Portfolio and click on the IPOs link.
- Locate the ‘Jana Small Finance Bank IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit the IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
- Review the Zerodha IPO Application Process for more details.
Important Dates and Allotment
The finalization of Basis of Allotment for Jana Small Finance Bank IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 13, 2024. The IPO listing date is tentatively set for Wednesday, February 14, 2024.
