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Jana Small Finance IPO GMP, IPO Price Band, IPO Lot Size
Jana Small Finance IPO is opening for subscription on February 7, 2024, and closing on February 9, 2024. This Mainboard IPO aims to raise ₹570 crores, with ₹462 crores of Fresh Issue and offer for sale up to ₹108 crores of equity shares, each with a face value of ₹10. The price band for the Jana Small Finance IPO is fixed at ₹393 – ₹414 Per Share, with a market lot of 36 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Jana Small Finance IPO Allotment will done on February 12, 2024, and Jana Small Finance IPO listing date is February 14, 2024.
Jana Small Finance Company Profile
Jana Small Finance Bank ranks fourth in terms of AUM and deposit size among Small Finance Banks as of September 30, 2023 (Source: Fitch Report). With 771 banking outlets, including 278 in unbanked rural centers across 22 states and two union territories, the bank serves nearly 12 million customers, out of which 4.87 million are active as of September 30, 2023.
Established on July 24, 2006, and registered as an NBFC on March 4, 2008, the bank obtained NBFC-MFI status on September 5, 2013. It transitioned into a Small Finance Bank on March 28, 2018, and became a Scheduled Commercial Bank on July 16, 2019. Over 16 years, the bank has developed a deep understanding of the financial needs of underbanked and underserved customers.
Its secured loan products include secured business loans, micro loans against property, MSME loans, affordable housing loans, term loans, gold loans, and two-wheeler loans. Its unsecured loan products include agricultural loans, individual and micro business loans, and group loans to women. As of March 31, 2023, the company’s gross advances have been reported to Rs 180,007.41 million.
Jana Small Finance IPO Objectives
The funds raised through the IPO will be utilized for:
- Augmenting the bank’s Tier – 1 capital base to meet future capital requirements
- Meeting expenses related to the Offer
- Receiving benefits from listing the Equity Shares on the Stock Exchanges
Jana Small Finance IPO Key Details
- Jana Small Finance IPO Open Date: February 7, 2024
- Jana Small Finance IPO Close Date: February 9, 2024
- Jana Small Finance IPO Size: Approximately ₹570 crores, 2,608,629 Equity Shares
- Face Value: ₹10 Per Equity Share
- Jana Small Finance IPO Price Band: ₹393 – ₹414 Per Equity Share
- Jana Small Finance IPO Listing on: NSE & BSE
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Jana Small Finance IPO Timeline
- Jana Small Finance IPO Open Date: February 7, 2024
- Jana Small Finance IPO Close Date: February 9, 2024
- Basis of Allotment: February 12, 2024
- Refunds: February 13, 2024
- Credit to Demat Account: February 13, 2024
- Jana Small Finance IPO Listing Date: February 14, 2024
How to Apply for Jana Small Finance IPO
Investors can apply for the Jana Small Finance IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Jana Small Finance Financial Performance (in Crores)
- Year 2021: Revenue ₹, Expense ₹, Profit (PAT) ₹
- Year 2022: Revenue ₹, Expense ₹, Profit (PAT) ₹
- Year 2023: Revenue ₹, Expense ₹, Profit (PAT) ₹
- Year 2023 (5M): Revenue ₹, Expense ₹, Profit (PAT) ₹
Jana Small Finance Valuation FY2023
- Year 2021: Revenue ₹2720.74, Expense ₹2648.48, PAT ₹72.26
- Year 2022: Revenue ₹3062.37, Expense ₹3044.89, PAT ₹17.47
- Year 2023: Revenue ₹3699.88, Expense ₹3443.90, PAT ₹255.97
- Sep 2023: Revenue ₹2215.57, Expense ₹2002.35, PAT ₹213.22
Jana Small Finance Peer Group
- Earning Per Share (EPS): ₹47.47 per Equity Share
- Price/Earning P/E Ratio: N/A
- Return on Net Worth (RoNW): 14.40%
- Net Asset Value (NAV): ₹346.42 per Equity Share
Jana Small Finance Company Promoters
- AU Small Finance Bank Limited
- Suryoday Small Finance Bank Limited
- Credit Access Grameen Limited
- Spandana Sphoorty Financial Limited
- Bandhan Bank Limited
- Ujjivan Small Finance Bank Limited
- Equitas Small Finance Bank Limited
- Fusion Micro Finance Limited
- Utkarsh Small Finance Bank Limited
Jana Small Finance IPO Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: jana.ipo@kfintech.com
Jana Small Finance IPO Allotment Status Check
- Check the Jana Small Finance IPO allotment status on the Kfin Technologies website.
Jana Small Finance IPO Allotment Link
- Check the Jana Small Finance IPO allotment on the ipogmp.org website.
Jana Small Finance IPO Lead Managers (Merchant Bankers)
- Jana Capital Limited
- Jana Holdings Limited
Jana Small Finance Company Address
The Fairway Business Park~ #10/1~ 11/2~ 12/2B~
off Domlur~ Koramangala Inner Ring Road~
Next to EGL~ Challaghatta~ Bengaluru 560 071
,Karnataka- India
Website: https://www.janabank.com/
Phone: +91 80 4602 0100
Email: investor.grievance@janabank.com
Jana Small Finance IPO FAQs
What is Jana Small Finance IPO?
Jana Small Finance IPO is a Main-board IPO. They are going to raise ₹570 crores via IPO. The issue is priced at ₹393 – ₹414 Per equity share. The IPO is to be listed on NSE & BSE.
When will the Jana Small Finance IPO open?
The IPO is to open on February 7, 2024, for NII, and Retail Investors.
What is Jana Small Finance IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Jana Small Finance IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Jana Small Finance IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Jana Small Finance IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Jana Small Finance IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Jana Small Finance IPO Size?
Jana Small Finance IPO size is ₹570 crores.
What is Jana Small Finance IPO Price Band?
Jana Small Finance IPO Price Band is ₹393 – ₹414 Per equity share.
What is Jana Small Finance IPO Minimum and Maximum Lot Size?
The IPO bid is 36 Shares with ₹14,470.
What is Jana Small Finance IPO Allotment Date?
Jana Small Finance IPO allotment date is February 12, 2024.
What is Jana Small Finance IPO Listing Date?
Jana Small Finance IPO listing date is February 14, 2024. The IPO to list on NSE & BSE.
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