Jana Small Finance Bank Limited IPO
- IPO Date07 Feb, 2024 to 09 Feb, 2024
- Listing Date14 Feb, 2024
- Face Value₹10 per share
- Issue Price₹393 to ₹414 per share
- Lot Size36 Shares
- Minimum Investment₹14,904
- Listing AtBSE, NSE
- Total Issue Size1,37,68,049 Shares
(aggregating up to ₹570.00 Cr) - Fresh Issue1,11,59,420 Shares
(aggregating up to ₹462.00 Cr)
- Offer for Sale26,08,629 Shares
(aggregating up to ₹108.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue9,34,30,855
- Shareholding post issue10,45,90,275
IPO Dates
Closing Date
09 Feb, 2024
Initiation of Refunds
13 Feb, 2024
Listing Date
14 Feb, 2024
07 Feb, 2024
Opening Date
12 Feb, 2024
Basis of Allotment
13 Feb, 2024
Credit of Shares
Jana Small Finance Bank Limited Lot Size
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2412 | ₹9,98,568 |
| Retail (Min) | 1 | 36 | ₹14,904 |
| B-HNI (Min) | 68 | 2448 | ₹10,13,472 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
Jana Small Finance Bank Limited Promoter Holding
The Promoters of the company are Jana Capital Limited and Jana Holdings Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 25.2% | - |
Jana Small Finance Bank Limited COMPANY INFORMATION
Jana SFB IPO is a book built issue of Rs 570.00 crores. The issue is a combination of fresh issue of 1.12 crore shares aggregating to Rs 462.00 crores and offer for sale of 0.26 crore shares aggregating to Rs 108.00 crores. Jana SFB IPO bidding started from February 7, 2024 and ended on February 9, 2024. The allotment for Jana SFB IPO was finalized on Monday, February 12, 2024. The shares got listed on BSE, NSE on February 14, 2024. Jana SFB IPO price band is set at ₹393 to ₹414 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (504 shares), amounting to ₹208,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹1,013,472. Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Jana SFB IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Jana SFB IPO RHP for detailed information.
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.
The bank classifies loans into three categories:
(i) individual loans for home improvement/repair,
(ii) individual loans for school fees, and
(iii) individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.
The company provides digital products, services, and platforms, such as mobile and internet banking for both retail and corporate clients. 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 compound annual growth rate (CAGR) of 39.69%.
As of March 31, 2023, Jana SFB had 754 banking outlets across 22 states and two union territories, including 272 in unbanked rural centers. This pan-India presence has helped the bank to reduce its concentration risk.
The bank has provided services to almost 12 million customers since 2008. As of March 31, 2023, there are 4.57 million active customers. In the last three fiscal years, the bank has added 0.91 million, 0.51 million, and 0.08 million new customers, respectively.
As of March 31, 2023, Jana SFB had a total of 18,184 permanent employees.
FAQs About Jana Small Finance Bank Limited Ipo
Jana Small Finance Bank Limited IPO will open on 07 Feb, 2024 and close on 09 Feb, 2024. Investors must apply within this period to participate.
The Jana Small Finance Bank Limited IPO price band is set between ₹393.00 and ₹414.00 per share. The minimum lot size is 36, requiring an investment of at least ₹14904.00.
The Jana Small Finance Bank Limited IPO shares are expected to be listed on 14 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Jana Small Finance Bank Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Jana Small Finance Bank Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.