Jana Small Finance Bank Limited IPO

Mainboard

Other Bank

Listed On: Feb 14, 2024 at ₹ 396.0(NSE)

₹ 14904 /36 Shares

Check Allotment

Price Summary

Last Closing

582.05 (40.59%)

52 Week High

760.90

52 Week Low

365.00

Last Update

19-Sep-2024 3:30 PM

Jana Small Finance Bank Limited IPO Details

07 Feb, 2024

Open Date

09 Feb, 2024

Close Date

12 Feb, 2024

Allotment Date

14 Feb, 2024

Listing Date

Issue Price

₹393-414 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

396.0(NSE)

Listing Date

2024-02-14

Market Lot

Retail : 36 Shares (₹14,904/-)
S-HNI : 504 Shares (₹2,08,656/-)
B-HNI : 2,448 Shares (₹10,13,472/-)

Lead Manager

Axis Capital Limited
ICICI Securities Limited
SBI Capital Markets Limited

Issue Size

Total ₹570 Cr :
#Fresh Issue : 11,159,420 shares(aggregating up to ₹462.00 Cr) +
#OFS : 2,608,629 shares of ₹10(aggregating up to ₹108.00 Cr)

Retail Portion

35% (Number of Retail Applications: 1,30,686 Approx),
(Number of S-HNI Applications : 1,334 Approx),
(Number of B-HNI Applications : 2,667 Approx)

Subscription

19.89 times

IPO Docs

DRHP RHP

Jana Small Finance Bank Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	2,688,392	2,016,294 1,344,196 672,099	4,704,687	9,409,373
Day 1 - 07-02-24 05:00 PM	0.14 x	1.22 1.13 x 1.41 x	1.20 x	0.88 x
Day 2 - 08-02-24 05:00 PM	0.19 x	3.03 2.73 x 3.62 x	2.30 x	1.82 x
Day 3 - 09-02-24 05:00 PM	39.81 x	26.13 28.73 x 20.94 x	5.70 x	19.89 x

Total No. of Applications: 702,847 (Approx)

Jana Small Finance Bank Limited Valuations

EPS Pre IPO

₹27.4/-

EPS Post IPO

₹40.77/-

P/E Pre IPO

15.11

P/E Post IPO

10.15

RoNW

14.40%

Jana Small Finance Bank Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	25,643.69	20,188.71	19,078.66
Revenue	3,699.88	3,062.37	2,720.74
Profit After Tax	255.97	17.47	72.26

About The Company

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,
(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 Limited - Promoter(s)

Pre Issue Share Holding: 25.20%

Post Issue Share Holding: N/A%

Company Promoter(s)

Jana Capital Limited
Jana Holdings Limited

Jana Small Finance Bank Limited IPO - Issue Objectives

The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank's Tier - 1 capital base to meet the Bank's future capital requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Jana Small Finance Bank Limited IPO - Anchor Investors

Jana Small Finance Bank garners Rs 167 cr from anchor investors ahead of IPO.

A total of 17 institutional investors participated in the anchor book as per the data published on exchanges, including East Bridge Capital Master Fund and SBI Life Insurance Company, which were the biggest investors among them, buying Rs 24.99 crore worth of shares each.

Turnaround Opportunity Fund, HDFC Life Insurance Company, SBI General Insurance Company, and Kotak Iconic Fund were other big anchor investors, picking Rs 58 crore worth of shares in the small finance bank.

Among others, Citigroup Global, Copthall Mauritius Investment, Societe Generale Astrone Capital, 360 One Mutual Fund, Bandhan Mutual Fund, Tata AIA Life Insurance Company, Kotak Mahindra Life Insurance and Ananta Capital Ventures Fund also participated in the company's anchor book.

Jana Small Finance Bank Limited IPO - FAQs

Ans. Jana Small Finance Bank Limited IPO is a Mainboard IPO. The issue is priced at ₹393-414 per equity share. The minimum order quantity is 36 Shares. The IPO opens on Feb 7, 2024, and closes on Feb 9, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Jana Small Finance Bank Limited IPO opens on Feb 7, 2024 and closes on Feb 9, 2024.

Ans. The size of Jana Small Finance Bank Limited IPO is Total ₹570 Cr : #Fresh Issue : 11,159,420 shares(aggregating up to ₹462.00 Cr) + #OFS : 2,608,629 shares of ₹10(aggregating up to ₹108.00 Cr).

Ans. The IPO price band is set between ₹393-414 per equity share.

Ans. To apply for Jana Small Finance Bank Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Jana Small Finance Bank Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Jana Small Finance Bank Limited IPO is Feb 12, 2024.

Ans. The Jana Small Finance Bank Limited IPO will be listed on Feb 14, 2024.

Ans. Follow the steps to check the allotment status for Jana Small Finance Bank Limited IPO here.