Hold onto your hats, investors! Jana Small Finance Bank Limited’s IPO is here. As the company announced going public, we are here to give you all the details about the Initial Public Offering (IPO) of Jana Small Finance Bank.
Jana Small Finance is a bank that gives Micro, Small, and Medium Enterprises (MSME) loans. They give affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans, and gold loans at very low-interest rates.
In this article, you will get information about the IPO, such as Price, lot size, GMP(Grey Market Price), opening and closing Date of IPO, subscription rate, allotment Date, and lots more.
From the opening date to the IPO price, lot size, how to apply for IPO, Live GMP, and beyond, Committed to keeping you informed every step of the way.
Stay tuned as we explore Jana Small Finance Bank Limited’s history, market analysis, and future growth possibilities. It’s an IPO that promises huge opportunities, and we’re here to make sure you’re ready to take advantage of them.
Join us on this journey as we unveil the details of Jana Small Finance Bank’s IPO.
Jana Small Finance Bank IPO Details
Jana Small Finance Bank IPO, opening from February 7 to February 9, 2024. Priced between ₹393 to ₹414 per share. IPO offers investors an attractive opportunity, with a face value of ₹10 which means there is a chance of a stock split in the future. The minimum lot size for retail investors is 36 shares (₹14,904), and the total issue size is ₹570.00 Crores. Jana Small Finance Bank will list its IPO on February 14, 2024, on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
Jana Small Finance Bank Limited IPO – Mark Your Calendar!
Prepare yourself for a significant financial opportunity as the application for the IPO is about to open. Here are key details:
IPO Date: The subscription window for Jana Small Finance Bank Limited IPO opens on February 7, 2024, and closes on February 9, 2024.
Price Band: The company has set the price per share in the range of ₹393 to ₹414, making it affordable for investors across all price ranges.
Face Value: Each share has a face value of ₹10.
Lot Size: The minimum retail investor lot size for this IPO is 36 shares (₹14,904), allowing small retail investors to participate in this IPO.
Total Issue Size: Jana Small Finance Bank Limited IPO has a total issue size aggregating up to ₹570.00 Crores.
Fresh Issue: Jana Small Finance Bank Limited IPO has a fresh issue size aggregating up to ₹462.00 Crores.
Check the table for more details…
| IPO Date Opening Date | February 7, 2024 |
| IPO Date Closing Date | February 9, 2024 |
| IPO allotment Date | February 12, 2024 |
| Initiations of refund (if not allotted) | February 13, 2024 |
| Credits of shares to demat (if allotted) | February 13, 2024 |
| Listing Date | February 14, 2024 |
| Face Value | ₹10 per share |
| Price | ₹393 to ₹414 per share |
| Lot Size (Min. retail) | 36 Shares (₹14,904) |
| Total Issue Size | (aggregating up to ₹570.00 Crores) |
| Fresh Issue | (aggregating up to ₹462.00 Crores) |
| Offer for Sale | (aggregating up to ₹108.00 Crores) |
| Listing At | NSE and BSE |
| Shareholding pre-issue | 93,430,855 |
| Shareholding post-issue | 104,590,275 |
Stay tuned with us for further details about the IPO.
About Jana Small Finance Bank Limited IPO
Jana Small Finance Bank started way back in 1999 as India’s urban micro finance foray initiated with sanghamitra urban programme (SUP), then in 2017, RBI granted a license for the small finance banking operations and it commenced its business in April 2018.
Jana Small Finance Bank company that gives Micro, Small, and Medium Enterprises (MSME) loans. They give affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans, and gold loans at very low interest rates compared to others.
Jana SFB provides a range of unsecured lending products, such as group loans, loans for agricultural and related businesses, and loans for individuals and micro businesses.
Jana Small Finance Bank Info
| Company Information | Company Details |
|---|---|
| Company Name | Jana Small Finance Bank Limited |
| Ticker Symbol (NSE) | To be updated |
| Ticker Symbol (BSE) | To be updated |
| Industry | Small Finance Bank |
| Founded | 1999 |
| Headquarters | The Fairway Business Park, #10/1, 11/2, 12/2B, off Domlur, Koramangala Inner Ring Road, Next to EGL, Challaghatta, Bengaluru 560 071 |
| Website | https://www.janabank.com/ |
| Promoters | Jana Capital Limited and Jana Holdings Limited. |
| Products/Services | Micro, Small, and Medium Enterprises (MSME) loans |
| Market Presence | India |
| Ownership Structure | To be a Publicly traded company |
| Financial Highlights (2022-2023) | Net Worth: ₹2,547.11 in crore |
| Profit After Tax: ₹213.22 in crore | |
| Assets: ₹28,105.87 in crore | |
| Regulatory Environment | Compliant with SEBI regulations |
Jana Small Finance Bank GMP Today
Jana Small Finance Bank Limited Today GMP ( Grey Market Price ): 15.94%
| GMP Rate | 15.94% |
| GMP in INR | 66 |
Jana Small Finance Bank IPO allotment link
Jana Small Finance Bank Limited IPO Lot Size
The minimum lot size for the retail investor of Jana Small Finance Bank Limited IPO is required to purchase a minimum of 36 shares (₹14,904).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹193,752 |
| S-HNI (Min) | 14 | 504 | ₹208,656 |
| S-HNI (Max) | 67 | 2412 | ₹998,568 |
| B-HNI (Min) | 68 | 2448 | ₹1,013,472 |
Jana Small Finance Bank IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Jana Small Finance Bank Financial Information (Consolidated)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 28,105.87 | 25,643.69 | 20,188.71 | 19,078.66 |
| Revenue | 2,215.57 | 3,699.88 | 3,062.37 | 2,720.74 |
| Profit After Tax | 213.22 | 255.97 | 17.47 | 72.26 |
| Net Worth | 2,547.11 | 1,777.07 | 1,184.56 | 1,100.77 |
| Reserves and Surplus | 2,225.44 | 1,472.28 | 999.29 | 914.09 |
| Total Borrowing | 5,313.54 | 6,277.46 | 4,509.83 | 4,815.32 |
| Amount in ₹ Crore | ||||
Jana Small Finance Bank Key Performance Indicator (KPI)
| KPIValuesROE16.78%Debt/Equity3.49RoNW14.40%P/BV1.28 |
|---|
FAQ
1. What is Jana Small Finance Bank Limited IPO?
Ans. Jana Small Finance Bank Limited is a main-board IPO. The face value of ₹10 aggregates up to ₹570.00 Crores. The minimum issue price band for the retail investor is ₹393 and the maximum price band for the retail investor is ₹414 per share. The minimum order quantity is 36 Shares (₹14,904). The Jana Small Finance Bank Limited IPO opens on February 7, 2024, and closes on February 9, 2024. linkintime Limited is the registrar for the IPO. The company has proposed to list the shares on both BSE and NSE.
2. When is the Jana Small Finance Bank IPO scheduled to take place?
Ans. The IPO date for Jana Small Finance Bank IPO is scheduled for februray 7, 2024.
3. What is the IPO price of Jana Small Finance Bank shares?
Ans. The IPO price is the price at which Jana Small Finance Bank shares will be initially offered to the public. The IPO price for Jana Small Finance Bank is set at between ₹393 to ₹414 per share.
4. What is the Grey Market Premium (GMP) for Jana Small Finance Bank Limited IPO
Ans. The Grey Market Premium (GMP) reflects the premium at which shares of Jana Small Finance Bank Limited are trading in the unofficial, secondary market before the official listing. Currently, the GMP for Jana Small Finance Bank Limited IPO is ₹66 (15.94%).
5. Where can I find a review and analysis of the Jana Small Finance Bank IPO prospectus?
Ans. You can find a comprehensive review and analysis of the Jana Small Finance Bank IPO prospectus on the official website of SEBI.
6. How can I apply for Jana Small Finance Bank IPO shares?
Ans. To apply for Jana Small Finance Bank IPO shares, you can follow the instructions provided in the prospectus or contact your broker. You can apply online or submit a physical application form through your broker’s platform.
7. What are the key details about Jana Small Finance Bank Limited’s business and industry?
Ans. Jana Small Finance Bank Limited is an Indian company in the pharmaceutical and healthcare ingredient industry.
8. What are the risk factors associated with investing in Jana Small Finance Bank IPO?
Ans. Investing in an IPO carries certain risks, including market, business, and regulatory risks. Jana Small Finance Bank IPO prospectus provides a detailed list of risk factors that potential investors should review carefully.
9. What is the size of the Jana Small Finance Bank IPO offering?
Ans. The size of the Jana Small Finance Bank IPO offering refers to the total value of shares made available to the public. The offering size for Jana Small Finance Bank IPO is ₹570.00 Crore.
10. When is the opening date & closing date of the IPO for Jana Small Finance Bank Limited?
Ans: The opening date for Jana Small Finance Bank Limited IPO is February 7, 2024, and the closing date is February 9, 2024.
11. What is the minimum lot size and order quantity for Jana Small Finance Bank Limited IPO?
Ans: The minimum lot size for Jana Small Finance Bank Limited IPO is ₹14,904 and the minimum order quantity required for participation is 36 shares.
12. Who is the registrar for Jana Small Finance Bank IPO?
Ans: The registrar for Jana Small Finance Bank IPO is kfintech.
Conclusion
In summary, Jana Small Finance Bank IPO is an exciting opportunity for the investor to gain profit on a listing day with expectations of 15% or more return. We have discussed the company and details of Jana Small Finance Bank with live Jana Small Finance Bank Limited IPO GMP prices, allotment date, and more. Keep an eye on market dynamics, do your own research before applying to the IPO, and stay tuned for updates
Disclaimer :
- IPO Grey Market Premium (Jana Small Finance Bank IPO GMP): The mention of Jana Small Finance Bank IPO Grey Market Premium (GMP) is approximate, not accurate, and may change over time.
- No Buying or Selling of IPO Forms: Please be aware that we do not facilitate the buying and selling of IPO forms within the IPO Grey Market.