Jana Small Finance Bank IPO GMP Today ( Grey Market )

The Jana Small Finance Bank IPO commenced on February 7, 2024, and concluded on February 9, 2024. The allotment of shares took place on February 12, 2024, and the initiation of refunds began on February 13, 2024. The shares were credited to the demat accounts of investors on February 13, 2024. Finally, the listing of Jana Small Finance Bank on the stock exchange occurred on February 14, 2024.

The Jana Small Finance Bank IPO was priced at ₹393 to ₹414 per share, with a lot size of 36 shares. The total issue size was ₹570.00 crores, comprising a fresh issue of ₹462.00 crores and an offer for sale of ₹108.00 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 30% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Jana Small Finance Bank IPO Basic Details

Jana Small Finance Bank IPO GMP Today:

Jana Small Finance Bank IPO Details:

Established in July 2006, Jana Small Finance Bank Limited is a financial institution that focuses on helping small businesses and individuals. They specialize in providing loans for various purposes, including MSME loans, affordable housing loans, term loans for NBFC, loans against fixed deposits, two-wheeler loans, and gold loans.

Jana SFB offers a range of unsecured loan products, such as individual and micro business loans, agricultural and allied loans, and group loans. The bank categorizes its loans into three types:

1. Individual loans for home improvement/repair.
2. Individual loans for school fees.
3. Individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.

The company also provides digital products and services, including mobile and internet banking for both retail and corporate clients. From March 31, 2021, to March 31, 2023, the bank’s gross secured advances grew from ₹50,760.00 million to ₹99,047.54 million, showing a compound annual growth rate (CAGR) of 39.69%.

As of March 31, 2023, Jana SFB has 754 banking outlets spread across 22 states and two union territories, with 272 in unbanked rural centers. This widespread presence across India has helped the bank minimize its concentration risk.

Since 2008, the bank has served nearly 12 million customers, with 4.57 million active customers as of March 31, 2023. Over the last three fiscal years, the bank has gained 0.91 million, 0.51 million, and 0.08 million new customers, respectively.

On March 31, 2023, Jana SFB had a total of 18,184 permanent employees, working towards providing financial solutions to their diverse customer base.

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