The Jana Small Finance Bank IPO date has been confirmed from February 7, 2024, and closes on February 9, 2024. Read the post to learn about Jana Small Finance Bank IPO GMP.
Jana Small Finance Bank Developers IPO is a fixed price issue of Rs 462.00 crore. The price band is set at ₹ 393 to ₹ 414 per share. The operation requires a minimum lot size of 36 Shares. The minimal investment for retail investors is ₹ 14,904. The minimum lot size investment for sNII is 14 lots( 504 shares) for ₹ 208,656, while for bNII, it’s 68 lots( 2,448 shares) worth ₹ ₹1,013,472.
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Key Details Of Enfuse Solutions Limited IPO:
Bidding Dates
Feb 7-9
Price Range
₹393 to ₹414 per share
Face Value
₹10 per share
GMP
₹16
Jana Small Finance Bank IPO GMP
The Jana Small Finance Bank IPO GMP Today is ₹16.
Jana Small Finance Bank IPO Overview
Jana Small Finance Bank’s IPO is a book- erected issue. The issuance consists of a fresh issue of Rs 462.00 crore and an offer for trade of0.26 crore shares. Jana Small Finance Bank’s original public offering( IPO) will commence on February 7, 2024 and conclude on February 9, 2024. The allotment for the Jana Small Finance Bank IPO is expected to be completed on Monday, February 12, 2024. Jana Small Finance Bank’s IPO will be listed on the BSE and NSE, with a conditional table date of Wednesday, February 14, 2024.
Jana Small Finance Bank’s IPO pricing range is ₹ 393- 414 per share. The Jana Small Finance Bank IPO GMP Today is ₹ 16. The minimal lot size for an application is 36 shares. The minimal investment for retail investors is ₹ 14,904. The minimum lot size investment for sNII is 14 lots( 504 shares) for ₹ 208,656, while for bNII, it’s 68 lots( 2,448 shares) worth ₹₹1,013,472.
Jana Small Finance Bank IPO Details
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹393 to ₹414 per share |
| Lot Size | 36 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹462.00 Cr) |
| Offer for Sale | 2,608,629 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,430,855 |
Jana Small Finance Bank Limited Financial Information
| 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 IPO Timeline
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 9, 2024 |
Company Profile
Jana Small Finance Bank Limited, established in July 2006, is anon-banking finance company that specializes in providing MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two- wheeler loans, and gold loans. Jana SFB provides a variety of relaxed lending products, including individual and microbusiness loans, agrarian and kindred loans, and group loans. The company offers digital goods, services, and platforms to both retail and commercial guests, including mobile and online banking. Between March 31, 2021 and March
31, 2023, the bank’s gross secured advances climbed from ₹ 50,760.00 million to ₹ 99,047.54 million, resulting in a CAGR of 39.69. As of March 31, 2023, Jana SFB has 754 banking institutions in 22 states and two union territories, including 272 in unbanked pastoral areas. This pan-India presence has helped the bank lower its attention threat. Since 2008, the bank has served around 12 million guests. As of March 31, 2023, there were 4.57 million active guests. During the former three financial times, the bank added 0.91 million,0.51 million, and 0.08 million new guests. As of March 31, 2023, Jana SFB had 18,184 workers.
The bank classifies loans into three categories:
- individual loans for home enhancement/ form,
- individual loans for academy freights, and
- Individual particular loans are used for debt connection, family conditioning, unanticipated requirements, and marketable objects.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Jana Small Finance Bank Limited |
| Phone number | +91 80 4602 0100 |
| Email ID | [email protected] |
| Website | janabank.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Jana Small Finance Bank IPO FAQs
When Jana Small Finance Bank IPO will open?
The Jana Small Finance Bank IPO opens on February 7, 2024 and closes on February 9, 2024.
What is the lot size of Jana Small Finance Bank IPO?
Jana Small Finance Bank IPO lot size is 36 Shares, and the minimum amount required is ₹14,904.
When is Jana Small Finance Bank IPO allotment?
The finalization of Basis of Allotment for Jana Small Finance Bank IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 13, 2024.
When is Jana Small Finance Bank IPO listing date?
The Jana Small Finance Bank IPO listing date is not yet announced. The tentative date of Jana Small Finance Bank IPO listing is Wednesday, February 14, 2024.
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