Jana Small Finance Bank is scheduled to hit the market on February 07, 2024 and close on February 9, 2024. Jana Small Finance Bank plans to raise around ₹570.00 Cr through an IPO with a sale of up to 13,768,049 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in July 2006, Jana Small Finance Bank Limited stands as a non-banking finance company primarily dedicated to providing a range of financial solutions. The bank specializes in offering Micro, Small, and Medium Enterprises (MSME) loans, affordable housing loans, term loans to Non-Banking Financial Companies (NBFC), loans against fixed deposits, two-wheeler loans, and gold loans. Jana SFB extends its services to include various unsecured loan products, encompassing individual and micro business loans, agricultural and allied loans, as well as group loans.
Categorizing its loans into three distinct segments, Jana Small Finance Bank focuses on individual loans for home improvement/repair, individual loans for school fees, and individual personal loans for purposes like debt consolidation, family functions, incidental expenses, and business needs. Embracing digitalization, the bank provides a suite of digital products, services, and platforms, including mobile and internet banking, catering to the financial needs of both retail and corporate clients.
Jana Small Finance Bank IPO Details
Jana Small Finance Bank IPO opens on Feb 07, 2024, and closes on Feb 9, 2024. The Listing date for Jana Small Finance Bank IPO is on Feb 14, 2024. The price band for IPO is ₹393 to ₹414 per share and lot size of 36 Shares.
| IPO Date | Feb 07, 2024 to Feb 09, 2024 |
| Listing Date | Feb 14, 2024 |
| Price | ₹393 to ₹414 per share |
| Lot Size | 36 Shares |
| Issue Size | ₹570.00 Cr |
| Face Value | ₹10 per share |
Jana Small Finance Bank IPO Tentative Timetable
Jana Small Finance Bank opening date is February 07, 2024 and close date is February 09, 2024. The IPO allotment date is February 12, 2024. The refund initiation of IPO is on February 13, 2024. The credit of shares in demat account is on February 13, 2024. The listing date is on February 14, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 7, 2024 |
| IPO Closing | Feb 9, 2024 |
| IPO Allotment Date | Feb 12, 2024 |
| Refund Initiation | Feb 13, 2024 |
| Shares Credit to Demat | Feb 13, 2024 |
| Lisiting Date | Feb 14, 2024 |
Jana Small Finance Bank IPO Lot Size
Lot Size of this IPO is 36 shares. A retail-individual investor can apply for up to 13 lots (468 shares or ₹193,752).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 36 | ₹14,904 |
| Retail(Maximum) | 13 | 468 | ₹193,752 |
| S-HNI (Minimum) | 14 | 504 | ₹208,656 |
| B-HNI (Minimum) | 68 | 2,448 | ₹1,013,472 |
Jana Small Finance Bank IPO Promoter Holding
| Pre Issue Share Holding | 25.20% |
| Post Issue Share Holding |
Jana Small Finance Bank IPO Review
Jana Small Finance Bank emerges as a dynamic player in the financial sector, offering digital products, services, and platforms catering to both retail and corporate clients. The bank witnessed remarkable growth in its gross secured advances, demonstrating a CAGR of 39.69% between March 31, 2021, and March 31, 2023. Operating across 22 states and two union territories, with 754 banking outlets, including 272 in unbanked rural centers, the bank has strategically minimized concentration risks. Serving nearly 12 million customers since 2008, the bank had 4.57 million active customers as of March 31, 2023. Over the last three fiscal years, Jana SFB added 0.91 million, 0.51 million, and 0.08 million new customers, respectively. With a workforce of 18,184 permanent employees, Jana SFB is set to make its mark in the financial landscape.
The restated financials for the fiscal year ending March 31, 2023, reflect a robust performance, with a 20.82% increase in revenue and an impressive 1365.12% rise in profit after tax (PAT) compared to the previous fiscal year. Key performance indicators showcase a Return on Equity (ROE) of 16.78%, Debt/Equity ratio of 3.49, Return on Net Worth (RoNW) at 14.40%, and a Price/Book Value (P/BV) ratio of 1.28. The IPO, with a market capitalization of Rs 4,330.04 Cr, is poised to enhance the bank's Tier-1 capital base, meeting future capital requirements. The Pre-IPO and Post-IPO earnings per share (EPS) stand at Rs 27.4 and Rs 40.77, respectively. Investors eyeing the Jana Small Finance Bank IPO will find these metrics crucial for assessing the bank's growth trajectory and potential in the financial market.
As the bank endeavors to leverage the benefits of listing its Equity Shares on the Stock Exchanges, the IPO becomes a significant milestone in Jana Small Finance Bank's journey, inviting investors to participate in its future growth. The IPO review suggests a careful consideration of the bank's strategic positioning, financial health, and growth prospects for informed investment decisions.
Jana Small Finance Bank IPO Subscription Status (Bidding Details)
Table not foundJana Small Finance Bank IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Jana Small Finance Bank IPO FAQs
What is Jana Small Finance Bank IPO?
Jana Small Finance Bank is issuing 13,768,049 equity shares with a face value of ₹10 each, totaling up to ₹570.00 Cr. The shares are being offered at a price of ₹393 to ₹414 each, with a minimum order quantity of 36 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Jana Small Finance Bank IPO will open?
Jana Small Finance Bank will open on February 07, 2024 for QIB, NII, and Retail Investors.
When Jana Small Finance Bank IPO will end?
Jana Small Finance Bank will end on February 09, 2024.
What is Jana Small Finance Bank IPO Size?
Jana Small Finance Bank IPO size is ₹570.00 Cr.
What is Jana Small Finance Bank IPO Price Band?
Jana Small Finance Bank price band is ₹393 to ₹414 per share.
What is the Jana Small Finance Bank IPO Allotment Date?
Jana Small Finance Bank allotment date is February 12, 2024.
What is the Jana Small Finance Bank IPO Listing Date?
Jana Small Finance Bank listing date is February 14, 2024. The IPO is to be listed on BSE and NSE.
How to Jana Small Finance Bank IPO through Zerodha?
To apply for the IPO “Jana Small Finance Bank” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Jana Small Finance Bank IPO through Upstox?
To apply for the IPO “Jana Small Finance Bank” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Jana Small Finance Bank IPO Allotment Status?
For Jana Small Finance Bank IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Jana Small Finance Bank IPO GMP?
You can check out here: Jana Small Finance Bank IPO GMP