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 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.
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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 is ₹16.
IPO Overview
Jana Small Finance Bank’s IPO is a book-built issue. The issuance consists of a fresh issue of Rs 462.00 crore and an offer for sale of 0.26 crore shares. Jana Small Finance Bank’s initial public offering (IPO) will begin on February 7, 2024 and end 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 tentative listing date of Wednesday, February 14, 2024.
Jana Small Finance Bank’s IPO pricing range is ₹393-414 per share. The minimum lot size for an application is 36 shares. The minimum 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 is 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, founded in July 2006, is a non-banking finance firm that specialises 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 unsecured lending products, including individual and microbusiness loans, agricultural and allied loans, and group loans. The company offers digital goods, services, and platforms to both retail and corporate customers, 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%. Jana SFB had 754 banking facilities in 22 states and two union territories as of March 31, 2023, with 272 of them in unbanked rural areas. This pan-India presence has helped the bank lower its concentration risk. Since 2008, the bank has served around 12 million customers. As of March 31, 2023, there were 4.57 million active customers. In the previous three fiscal years, the bank gained 0.91 million, 0.51 million, and 0.08 million new customers, respectively. As of March 31, 2023, Jana SFB had 18,184 permanent workers.
The bank classifies loans into three categories:
- individual loans for home improvement/repair,
- individual loans for school fees, and
- individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | jana.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Jana Small Finance Bank Limited |
| Phone number | +91 80 4602 0100 |
| Email ID | investor.grievance@janabank.com |
| Website | janabank.com |
IPO Strenghts
- 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.
