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IPO 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.

EventDate
Jana Small Finance Bank Ltd IPO Opening Date7 February 2024
Jana Small Finance Bank Ltd IPO Closing Date 9 February 2024
Basis of Allotment12 February 2024
Initiation of Refunds13 February 2024
Credit of Shares to Demat13 February 2024
Jana Small Finance Bank Ltd IPO Listing Date14 February 2024

Jana Small Finance Bank Ltd IPO Details

Jana Small Finance Bank Ltd IPO Date7 February 2024 to 9 February 2024
Jana Small Finance Bank Ltd IPO Face Value10 per share
Jana Small Finance Bank Ltd IPO Price393 to ₹414 per share
Jana Small Finance Bank Ltd IPO Lot Size36
Issue SizeShares of ₹10 (aggregating up to ₹570 Cr)
Fresh IssueShares of ₹10 (aggregating up to ₹462 Cr)
Offer for SaleShares of ₹10 (aggregating up to ₹108 Cr)
Issue Type(Book Built Portion)
Listing At BSE, NSE
QIB Shares OfferedNot more than 27,62,350 of the Net Offer
Retail Shares OfferedNot less than 49,07,296 of the Net Offer
NII (HNI) Shares OfferedNot less than 21,03,127 of the Net Offer
Company PromotersJana 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 LotsSharesAmount
Minimum136₹14,904
Maximum13468₹1,93,752
  • 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 AssetsTotal RevenueProfit After Tax
03-202432,709.784,684.06669.54
03-202325,643.693,699.88255.97
03-202220,188.713,050.35.41
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)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)38.7525.055.461.9518.5

Jana Small Finance Bank Ltd IPO Prospectus

Jana Small Finance Bank Ltd IPO Listing Date

Listing Date14 February 2024
BSE Script 544118
NSE SymbolJSFB
Listing In BSE, NSE
ISININE953L01027
IPO Price414
Face Value10

Company Contact Information

Jana Small Finance Bank Ltd
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

Phone:+91 40 6716 2222
Email: jana.ipo@kfintech.com
Website: www.kfintech.com

Jana Small Finance Bank Ltd IPO Lead Manager(s)

  1. Axis Capital Ltd
  2. ICICI Securities Ltd
  3. SBI Capital Markets Ltd

FAQ

What is the issue size of Jana Small Finance Bank Ltd IPO?

Jana Small Finance Bank Ltd IPO, which opens for subscription from to 9 February 2024 has an issue size of ₹570 crore. The issue type is book building issue.

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.

What are the open and close dates for Jana Small Finance Bank Ltd IPO?

Jana Small Finance Bank Ltd IPO Opens for subscription from 7 February 2024 to 9 February 2024

What is the lot size and minimum order quantity of the Jana Small Finance Bank Ltd IPO?

The lot size of Jana Small Finance Bank Ltd is 36 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14,904 and ₹1,93,752 respectively.

What are the allotment dates for the Jana Small Finance Bank Ltd IPO?

Allotment date for Jana Small Finance Bank Ltd is 12 February 2024 and refund of application amount (in case allotment is not received) will begin from 13 February 2024. If your allotment goes through, then shares will be credited in your Demat account by 13 February 2024.

Who is the registrar of Jana Small Finance Bank Ltd IPO?

The registrar for Jana Small Finance Bank Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.

Where is the Jana Small Finance Bank Ltd IPO getting listed?

The shares of Jana Small Finance Bank Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)