Jana Small Finance Bank(SFB) Limited IPO Details with GMP: Jana SFB IPO is a book-built issue of Rs 570.00 crores. The issue is a combination of fresh issue of 1.12 crore shares aggregating to Rs 462.00 crores and offer for sale of 0.26 crore shares aggregating to Rs 108.00 crores.
Jana SFB IPO opens for subscription on February 7, 2024 and closes on February 9, 2024. The allotment for the Jana SFB IPO is expected to be finalized on Monday, February 12, 2024. Jana SFB IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, February 14, 2024.
Table of Contents
Jana SFB IPO 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.
Refer to Jana SFB IPO RHP for detailed information.
Jana Small Finance Bank(SFB) Limited IPO Details:
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹393 to ₹414 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 13,768,049 shares (aggregating up to ₹570.00 Cr) |
| Fresh Issue | 11,159,420 shares (aggregating up to ₹462.00 Cr) |
| Offer for Sale | 2,608,629 shares of ₹10 (aggregating up to ₹108.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,430,855 |
| Share holding post issue | 104,590,275 |
Jana Small Finance Bank(SFB) Limited IPO Details-Timeline:
Jana SFB IPO opens on February 7, 2024, and closes on February 9, 2024.
| 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 |
Jana Small Finance Bank(SFB) Limited IPO Details-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 |
Lot Size for Jana Small Finance Bank(SFB) Limited IPO:
Investors can bid for a minimum of 36 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | 2,412 | ₹998,568 |
| B-HNI (Min) | 68 | 2,448 | ₹1,013,472 |
Jana SFB IPO Anchor Investors Details:
Jana SFB IPO raises Rs 166.95 crore from anchor investors. Jana SFB IPO Anchor bid date is February 6, 2024. Jana SFB IPO Anchor Investors list
| Bid Date | February 6, 2024 |
| Shares Offered | 4,032,588 |
| Anchor Portion Size (In Cr.) | 166.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2024 |
About Jana Small Finance Bank(SFB) Limited:
Incorporated in July 2006, Jana Small Finance Bank Limited is a non-banking finance company primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
Jana SFB offers various unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans.
The bank classifies loans into three categories:
(i) individual loans for home improvement/repair,
(ii) individual loans for school fees, and
(iii) individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.
The company provides digital products, services, and platforms, such as mobile and internet banking for both retail and corporate clients. Between March 31, 2021 and March 31, 2023, the bank’s gross secured advances increased from ₹50,760.00 million to ₹99,047.54 million, representing a compound annual growth rate (CAGR) of 39.69%.
As of March 31, 2023, Jana SFB had 754 banking outlets across 22 states and two union territories, including 272 in unbanked rural centers. This pan-India presence has helped the bank to reduce its concentration risk.
The bank has provided services to almost 12 million customers since 2008. As of March 31, 2023, there are 4.57 million active customers. In the last three fiscal years, the bank has added 0.91 million, 0.51 million, and 0.08 million new customers, respectively.
As of March 31, 2023, Jana SFB had a total of 18,184 permanent employees.
Jana Small Finance Bank(SFB) Limited IPO Details with GMP-2024
Jana Small Finance Bank(SMB) Limited IPO Details-Financial Information:
Jana Small Finance Bank Limited’s revenue increased by 20.82% and profit after tax (PAT) rose by 1365.12% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
FAQs for Jana Small Finance Bank(SMB) Limited IPO:
What is Jana SFB IPO?
Jana SFB IPO is a main-board IPO of 13,768,049 equity shares of the face value of ₹10 aggregating up to ₹570.00 Crores. The issue is priced at ₹393 to ₹414 per share. The minimum order quantity is 36 Shares.
The IPO opens on February 7, 2024, and closes on February 9, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
What is Jana Small Finance Bank IPO GMP Today?
The Jana Small Finance Bank IPO GMP aka Grey Market Premium is ₹80.
When Jana SFB IPO will open?
The Jana SFB IPO opens on February 7, 2024 and closes on February 9, 2024.
What is the lot size of Jana SFB IPO?
Jana SFB IPO lot size is 36 Shares, and the minimum amount required is ₹14,904.
How to apply for Jana SFB IPO?
You can apply in Jana SFB IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Angelone, Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Jana SFB IPO allotment?
The finalization of Basis of Allotment for Jana SFB 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. Check the Jana SFB IPO allotment status.
When is Jana SFB IPO listing date?
The Jana SFB IPO listing date is not yet announced. The tentative date of Jana SFB IPO listing is Wednesday, February 14, 2024.
Jana Small Finance Bank IPO Expected Returns?
The Jana Small Finance Bank expected return is 19%.
Jana Small Finance Bank(SFB) Limited IPO Details with GMP-2024
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