Jana Small Finance Bank IPO Details ( Jana Small Finance Bank Limited IPO Review )
(7 Feb 2024 – 9 Feb 2024)
Established in July 2006, Jana Small Finance Bank Limited is a company that focuses on providing financial solutions. Their main services include loans for small and medium-sized businesses, affordable housing, term loans, loans against fixed deposits, two-wheeler loans, and gold loans.
Jana SFB offers various unsecured loan products, catering to individual and micro-business needs, agricultural and allied sectors, and group loans.
The bank categorizes its loans into three types:
- Loans for home improvement/repair.
- Loans for school fees.
- Personal loans for purposes like debt consolidation, family functions, incidental expenses, and business needs.
In addition to traditional banking, the company offers digital services such as mobile and internet banking for both retail and corporate clients. From March 31, 2021, to March 31, 2023, the bank experienced significant growth, with gross secured advances increasing from ₹50,760.00 million to ₹99,047.54 million, reflecting a compound annual growth rate (CAGR) of 39.69%.
As of March 31, 2023, Jana SFB boasts 754 banking outlets across 22 states and two union territories, with 272 located in unbanked rural centers. This nationwide presence has allowed the bank to mitigate concentration risk.
Having served nearly 12 million customers since 2008, the bank had 4.57 million active customers as of March 31, 2023. In the past three fiscal years, it added 0.91 million, 0.51 million, and 0.08 million new customers, respectively.
By March 31, 2023, Jana SFB employed a total of 18,184 permanent staff members.
Jana Small Finance Bank Limited IPO Competitive Strength
- We are a digitalised bank and the majority of our services are available in digital form to customer
- 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 customers
- Pan-India presence with strong brand recognition
- Fast growing Retail Deposits base and diversified deposit franchise
- Proven execution ability
Jana Small Finance Bank IPO Financials Performance ( Results )
Jana Small Finance Bank Limited Financial Information (Restated)
All Amount in ₹ Crores
Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
31-Mar-21 | 19,078.66 | 2,720.74 | 72.26 | 13.46 | 1,100.77 | 914.09 | 4,815.32 |
31-Mar-22 | 20,188.71 | 3,062.37 | 17.47 | 3.21 | 1,184.56 | 999.29 | 4,509.83 |
31-Mar-23 | 25,643.69 | 3,699.88 | 255.97 | 42.64 | 1,777.07 | 1,472.28 | 6,277.46 |
30-Sep-23 | 28,105.87 | 2,215.57 | 213.22 | 29.45 | 2,547.11 | 2,225.44 | 5,313.54 |
Objective of Jana Small Finance Bank IPO Issue
- The bank intends to use the funds raised from the Fresh Issue to strengthen its Tier-1 capital base, ensuring it meets future capital needs. Additionally, the proceeds will be allocated to cover expenses related to the Offer. The bank anticipates various advantages from listing its Equity Shares on the Stock Exchanges.
Jana Small Finance Bank IPO Basic Details
IPO Date | Feb 7, 2024 to Feb 9, 2024 |
Listing Date | Wednesday, February 14, 2024 |
Face Value | ₹10 per share |
Price | ₹393 to ₹414 per share |
Lot Size | 36 Shares |
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 | NSE, BSE |
Share holding pre issue | 93,430,855 |
Share holding post issue | 104,590,275 |
Company Promoters | Jana Capital Limited and Jana Holdings Limited |
Jana Small Finance Bank IPO Reservation
Anchor Investor Shares Offered | 30% of the Net Issue |
QIB Shares Offered | 20% of the Net Issue |
NII (HNI) Shares Offered | 15% of the Net Issue |
Retail Shares Offered | 35% of the Net Issue |
Jana Bank IPO Timetable
Jana Bank IPO will open on February 7, 2024 and close on February 9, 2024. You can join Jana Bank IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
Event | Date |
Opening Date | 7 February 2024 (Wednesday) |
Closing Date | 9 February 2024 (Friday) |
Basis of Allotment | 12 February 2024 (Monday) |
Initiation of Refunds | 13 February 2024 (Tuesday) |
Credit of Shares to Demat | 13 February 2024 (Tuesday) |
Listing Date | 14 February 2024 (Wednesday) |
Deadline for UPI mandate confirmation | 5 PM on 9 February 2024 |
Jana SFB IPO Lot Size
For retail investors in Jana SFB IPO, 36 shares will come in 1 lot or the minimum investment will be ₹14,904. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹193,752.
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 Promoter Holding
The company’s promoters include Jana Capital Limited and Jana Holdings Limited.
Pre Issue Share Holding | 25.20% |
Post Issue Share Holding |
Jana Small Finance Bank Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
KPI | Values |
Market Cap (₹ Cr.) | 4330.04 |
Earning Per Share (EPS) | ₹40.77 per Equity Share |
Net Asset Value (NAV) | ₹323.23 per Equity Share |
P/E Ratio (P/E) (x) | 15.11 |
Post P/E Ratio (P/E) (x) | 10.15 |
Return on Net Worth (RoNW) (%) | 14.40 |
Return on equity (ROE) (%) | 16.78 |
Return on Capital Employed (ROCE) (%) | 14.40 |
Debt/Equity Ratio | 3.49 |
Price/Book Value Ratio | 1.28 |
Jana Small Finance Bank IPO GMP Live Update, Kostak Rate day by day
Date | GMP | Kostak | Subject to |
Today | ₹55 | – | – |
6 February 2024 | ₹75 | – | – |
5 February 2024 | ₹80 | – | – |
Jana Small Finance Bank IPO Detail Video:
link
Jana Small Finance Bank IPO Subscription Status (Bidding Detail)
The Jana Small Finance Bank IPO on February 9, 2024 at 7:30:00 PM was subscribed 19.89 times, with the retail category being subscribed 5.70 times, the NII (Non-Institutional Investor) category being subscribed 26.13 times, QIB (Qualified-Institutional Buyers) category being subscribed 39.81 times.
Category | Subscription |
QIB | 39.81x |
NII | 26.13x |
Retail | 5.70x |
Total | 19.89x |
Jana Small Finance Bank IPO Prospectus
Jana Small Finance Bank IPO DRHP | Download |
Jana Small Finance Bank IPO RHP | Download |
Jana Small Finance Bank IPO Anchor Investors Details PDF | Download |
Jana Small Finance Bank IPO Rating
Our Rating | 2.5/5.0 |
Jana Small Finance Bank Company Contact Information
Jana Small Finance Bank Limited
![Jana Small Finance Bank Limited](https://www.sharemarketexpress.com/wp-content/uploads/2024/02/Jana-Small-Finance-Bank-Limited-150x150.jpg)
Registered and Corporate Office: 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
Tel: +91 80 4602 0100
Website: www.janabank.com
Contact Person: Lakshmi R N, Company Secretary and Compliance Officer
E-mail: investor.grievance@janabank.com
Corporate Identity Number: U65923KA2006PLC040028
Our Promoters: Jana Capital Limited and Jana Holdings Limited
Jana Small Finance Bank IPO Registrar
KFin Technologies Limited
(formerly known as KFin Technologies Private Limited)
Registered Office: Selenium, Tower B, Plot No. – 31 and 32 Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: jana.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance ID: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration Number: INR000000221
Jana Small Finance Bank IPO Lead Manager
Axis Capital Limited
Registered Office: 1st Floor, Axis House, C-2 Wadia International Centre P.B. Marg, Worli, Mumbai 400 025, Maharashtra, India
Tel: +91 22 4325 2183
E-mail: jana.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor Grievance ID: complaints@axiscap.in
Contact Person: Simran Gadh / Sagar Jatakiya
SEBI Registration Number: INM000012029
ICICI Securities Limited
Registered Office: ICICI Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel: +91 22 6807 7100
E-mail: jana.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor Grievance ID: customercare@icicisecurities.com
Contact Person: Ashik Joisar / Harsh Thakkar
SEBI Registration Number: INM000011179
SBI Capital Markets Limited
Registered Office: 1501, 15th floor, A & B Wing, Parinee Crescenzo, G Block Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Tel: +91 22 4006 9807
E-mail: jana.ipo@sbicaps.com
Website: www.sbicaps.com
Investor Grievance ID: investor.relations@sbicaps.com
Contact Person: Vaibhav Shah
SEBI Registration Number: INM000003531
Jana Small Finance Bank IPO FAQs
What is the lot size of Jana Small Finance Bank IPO?
The total size of Jana Small Finance Bank IPO is ₹570.00 crores out of which ₹462.00 crores is fresh issue and ₹108.00 crores is offer for sale (OFS).
When will Jana Small Finance Bank IPO start?
Jana Small Finance Bank IPO will open from 7 February 2024 and IPO will close on 9 February 2024.
What is the open date of Jana Small Finance Bank IPO?
Jana Small Finance Bank IPO will open date from 7 February 2024.
What is the last date ( close date ) of Jana Small Finance Bank IPO?
Jana Small Finance Bank IPO will close from 9 February 2024.
What is the price band of Jana Small Finance Bank IPO?
Jana Small Finance Bank IPO price band is ₹393 to ₹414. ( Upper Price Band: ₹414, Lower Price Band: ₹393 )
What is the minimum amount required to apply for Jana Small Finance Bank IPO?
The minimum investment for retailers to apply for Jana Small Finance Bank IPO is ₹14,904 and the maximum investment is ₹193,752.
What is going on gray market premium of Jana Small Finance Bank IPO?
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How much is the GMP of Jana Small Finance Bank IPO?
Watch Jana Small Finance Bank IPO GMP Today: Click Here
What is the allotment date of Jana Small Finance Bank IPO?
The allotment date of Jana Small Finance Bank IPO is 12 February 2024.
How to check allotment status in Jana Small Finance Bank IPO?
To check the allotment status of Jana Small Finance Bank IPO, first of all go to the registrar website by clicking here, select your bad Jana Small Finance Bank IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Jana Small Finance Bank IPO?
The listing date of Jana Small Finance Bank IPO is 14 February 2024.
How much will be the listing gain in Jana Small Finance Bank IPO?
View listing gain of Jana Small Finance Bank IPO by Clicking Here
How much time Jana Small Finance Bank IPO is subscribed?
Total 19.89 times subscribed in Jana Small Finance Bank IPO out of which 5.70 times subscription was done in retail quota, 26.13 times subscription in NII quota and 39.81 times subscription in QIB quota.
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