Jana Small Finance Bank Ltd
Price Range
₹393 - ₹414
Min. Quantity
36
Closes on
9 February 2024
Min. investment
₹14,904/468 Shares
Jana Small Finance Bank Ltd IPO Timeline
Jana Small Finance Bank Limited was incorporated as Janalakshmi Financial Services Private Limited' on July 24, 2006 by the RoC at Bengaluru, Karnataka as a Private Company. Subsequently, the Bank converted to a Public Company effective from August 10, 2015, and name of the Bank was changed to Janalakshmi Financial Services Limited', on September 18, 2015. Thereafter, it received final approval, dated April 28, 2017 from the RBI, to establish and carry on business as an SFB. Pursuant to resolutions passed by Board and Shareholders on May 30, 2017 and January 12, 2018 respectively, name of the Bank was changed from Janalakshmi Financial Services Limited' to Jana Small Finance Bank Limited', and a fresh Certificate of Incorporation dated January 29, 2018 was issued by the RoC consequent upon the change in name.
| Event | Date |
|---|---|
| Jana Small Finance Bank Ltd IPO Opening Date | 7 February 2024 |
| Jana Small Finance Bank Ltd IPO Closing Date | 9 February 2024 |
| Basis of Allotment | 12 February 2024 |
| Initiation of Refunds | 13 February 2024 |
| Credit of Shares to Demat | 13 February 2024 |
| Jana Small Finance Bank Ltd IPO Listing Date | 14 February 2024 |
Jana Small Finance Bank Ltd IPO Details
| Jana Small Finance Bank Ltd IPO Date | 7 February 2024 to 9 February 2024 |
| Jana Small Finance Bank Ltd IPO Face Value | ₹10 per share |
| Jana Small Finance Bank Ltd IPO Price | ₹393 to ₹414 per share |
| Jana Small Finance Bank Ltd IPO Lot Size | 36 |
| Issue Size | Shares of ₹10 (aggregating up to ₹570 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹462 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹108 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 27,62,350 of the Net Offer |
| Retail Shares Offered | Not less than 49,07,296 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 21,03,127 of the Net Offer |
| Company Promoters | Jana Capital Ltd, Jana Holdings Ltd |
Jana Small Finance Bank Ltd IPO Lot Size
The Jana Small Finance Bank Ltd IPO lot size is 36 shares. A retail-individual investor can apply for up to 13 lots (468 shares or ₹1,93,752).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 36 | ₹14,904 |
| Maximum | 13 | 468 | ₹1,93,752 |
- Strengths
- Risks
- Opportunities
- Digitalised bank and majority services are available in digital form to customers.
- Integrated risk and governance framework.
- Professional and experienced management and Board.
- Customer-centric organization with more than 16 years' experience in serving underbanked and underserved customer.
- Pan-India presence with strong brand recognition.
- Fast growing Retail Deposits base and diversified deposit franchise.
- Proven execution ability.
Company Financials
Jana Small Finance Bank Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 32,709.78 | 4,684.06 | 669.54 |
| 03-2023 | 25,643.69 | 3,699.88 | 255.97 |
| 03-2022 | 20,188.71 | 3,050.3 | 5.41 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To be utilised towards Augmentation of the Bank's Tier I capital base to meet the Bank's future capital requirements
Jana Small Finance Bank Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Jana Small Finance Bank Ltd IPO Subscription Status (Bidding Detail)
The Jana Small Finance Bank Ltd IPO is subscribed 18.5 times on 9 February 2024 05:00:00 PM. The public issue subscribed 5.46 times in the retail category, 38.75 times in the QIB category, and 25.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 38.75 | 25.05 | 5.46 | 1.95 | 18.5 |
Jana Small Finance Bank Ltd IPO Prospectus
Jana Small Finance Bank Ltd IPO Listing Date
| Listing Date | 14 February 2024 |
| BSE Script | 544118 |
| NSE Symbol | JSFB |
| Listing In | BSE, NSE |
| ISIN | INE953L01027 |
| IPO Price | ₹414 |
| Face Value | ₹10 |
Company Contact Information
The Fairway B.Park # 10/1 11/212/2B Nxt to EGL Challaghatta,Bangalore-560071
Phone: +91 80 4602 0100
Email: investor.grievance@janabank.com
Website: www.janabank.com
Jana Small Finance Bank Ltd IPO Registrar
Jana Small Finance Bank Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- ICICI Securities Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Jana Small Finance Bank Ltd IPO?
I have pre-applied for Jana Small Finance Bank Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.