The Jana Small Finance Bank IPO started on February 7, 2024, and ended on February 9, 2024. Shares were allocated on February 12, 2024, and refund processes began on February 13, 2024. On February 13, 2024, the shares were credited to investors demat accounts. Jana Small Finance Bank was officially listed on the stock exchange on February 14, 2024.
During the IPO, Jana Small Finance Bank offered shares at a price range of ₹393 to ₹414 per share, and the lot size was 36 shares. The total issue size was ₹570.00 crores, with ₹462.00 crores from new shares and ₹108.00 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 30% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Jana Small Finance Bank IPO Subscription Update Video
Jana Small Finance Bank IPO Subscription Status
The Jana Small Finance Bank IPO on February 9, 2024 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, the 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 Basic Details
| IPO Date | Feb 7, 2024 to Feb 9, 2024 |
| Domain | Operate Small Finance Bank |
| 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 |
| Company Promoters | Jana Capital Limited and Jana Holdings Limited |
About Jana Small Finance Bank Limited
Established in July 2006, Jana Small Finance Bank Limited is a company that focuses on providing financial solutions, such as 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, including loans for individuals and micro-businesses, agricultural and allied loans, and group loans.
The bank categorizes its loans into three types:
- Loans for home improvement/repair.
- Loans for school fees.
- Personal loans for various purposes like debt consolidation, family functions, incidental expenses, and business needs.
Additionally, the bank provides digital services through platforms like mobile and internet banking for both retail and corporate clients. From March 31, 2021, to March 31, 2023, the bank’s 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 operates through 754 banking outlets across 22 states and two union territories, including 272 in underserved rural areas. This widespread presence across India helps mitigate concentration risk.
Since 2008, the bank has served nearly 12 million customers, with 4.57 million active customers as of March 31, 2023. In the last 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 employs a total of 18,184 permanent staff members.
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Jana Small Finance Bank IPO FAQs
What is the start and end date of Jana Small Finance Bank IPO Subscription?
The Jana Small Finance Bank IPO started on February 7, 2024 and ended on February 9, 2024.
When does Jana Small Finance Bank IPO Subscription open?
The Jana Small Finance Bank IPO open on February 7, 2024.
When does Jana Small Finance Bank IPO Subscription close?
The Jana Small Finance Bank IPO Close on February 9, 2024.
What is the allotment date of Jana Small Finance Bank IPO?
The allotment date for Jana Small Finance Bank IPO is February 12, 2024.
When is the initial refund date of Jana Small Finance Bank IPO?
The initial Refund date for Jana Small Finance Bank IPO is February 13, 2024.
When were the shares credited to investors demat accounts for the Jana Small Finance Bank IPO?
The shares for the Jana Small Finance Bank IPO were credited to investors demat accounts on February 13, 2024.
When will Jana Small Finance Bank IPO be listed on the stock market?
Jana Small Finance Bank IPO stock market will be listed on February 14, 2024 at 10 am.
What was the price range of the Jana Small Finance Bank IPO shares?
The Jana Small Finance Bank IPO shares were offered at a price range of ₹393 to ₹414 per share.
What was the lot size for the Jana Small Finance Bank IPO shares?
The lot size for the Jana Small Finance Bank IPO shares was 36 shares.
What was the total issue size of the Jana Small Finance Bank IPO?
The total issue size of the Jana Small Finance Bank IPO was ₹570.00 crores.
How were the shares allocated among different types of investors for the Jana Small Finance Bank IPO?
30% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Jana Small Finance Bank IPO listed?
The Jana Small Finance Bank IPO was listed on both the NSE and BSE.
What is the Jana Small Finance Bank IPO Subscription Status?
Jana Small Finance Bank IPO is subscribed 19.89 Times.
