Jana Small Finance Bank Limited IPO
Jana Small Finance Bank Limited IPO bidding starts from February 7, 2024 and ends on February 9, 2024. The allotment for the Jana Small Finance Bank Limited IPO is expected to be finalized on February 12, 2024. Jana Small Finance Bank Limited IPO will list on BSE, NSE with tentative listing date fixed as February 14, 2024. Jana Small Finance Bank Limited IPO price band is set at ₹393 to ₹414 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,904.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | February 7, 2024 |
Close Date:- | February 9, 2024 |
Allotment Date:- | February 12, 2024 |
Listing Date:- | February 14, 2024 |
About Jana Small Finance Bank Limited IPO :-
Established in July 2006, Jana Small Finance Bank Limited operates as a non-banking finance company, primarily focusing on 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, encompassing individual and micro business loans, agricultural and allied loans, and group loans. The bank categorizes loans into three segments: individual loans for home improvement/repair, individual loans for school fees, and individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.
The company delivers digital products, services, and platforms, including mobile and internet banking for both retail and corporate clients. From March 31, 2021, to March 31, 2023, the bank witnessed a substantial increase in gross secured advances, rising 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 extended its reach with 754 banking outlets across 22 states and two union territories, with 272 located in unbanked rural centers. This nationwide presence contributes to mitigating concentration risk.
Having served nearly 12 million customers since 2008, the bank maintained 4.57 million active customers as of March 31, 2023. Over the past three fiscal years, the bank acquired 0.91 million, 0.51 million, and 0.08 million new customers, respectively.
As of March 31, 2023, Jana SFB boasted a total of 18,184 permanent employees, contributing to its organizational workforce.
Contact Details :-
Address:- Jana Small Finance Bank Limited The Fairway Business Park, #10/1, 11/2, 12/2B, off Domlur, Koramangala Inner Ring Road, Next to EGL, Challaghatta, Bengaluru 560 071
Phone:- +91 80 4602 0100
E-mail:- investor.grievance@janabank.com
Website:- https://www.janabank.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | Mainline |
Price:- | ₹393 to ₹414 |
Lot Size:- | 36 |
Minimum Amount for 1 Lot:- | ₹14,904 |
Listing At:- | BSE, NSE |
Total issue of Shares:- | 1,37,68,049 |
Total issue Size:- | ₹570 Crore |
Fresh issue of Shares:- | 1,11,59,420 |
Fresh issue Size:- | ₹462 Crore |
Offer for Sale issue of Shares:- | 26,08,629 |
Offer for Sale issue Size:- | ₹108 Crore |
Face Value:- | ₹10 per Equity Share |
Retail Quota:- | 35% |
QIB Quota:- | 50% |
NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 28,105.87 | 25,643.69 | 20,188.71 | 19,078.66 |
Revenue | 2,215.57 | 3,699.88 | 3,062.37 | 2,720.74 |
Profit After Tax | 213.22 | 255.97 | 17.47 | 72.26 |
Net Worth | 2,547.11 | 1,777.07 | 1,184.56 | 1,100.77 |
Reserves and Surplus | 2,225.44 | 1,472.28 | 999.29 | 914.09 |
Total Borrowing | 5,313.54 | 6,277.46 | 4,509.83 | 4,815.32 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 4,330 |
ROE:- | 16.78% |
Debt/Equity:- | 3.49 |
RoNW:- | 14.40% |
IPO Prospectus :-
Particulars | Link |
---|---|
Jana Small Finance Bank Limited IPO DHRP:- | Click Here |
Jana Small Finance Bank Limited IPO RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
03-02-2024 | ₹108 | ₹522 | 26.09% |
04-02-2024 | ₹108 | ₹522 | 26.09% |
05-02-2024 | ₹80 | ₹494 | 19.32% |
06-02-2024 | ₹66 | ₹480 | 15.94% |
07-02-2024 | ₹51 | ₹465 | 12.32% |
08-02-2024 | ₹59 | ₹473 | 14.25% |
09-02-2024 | ₹42 | ₹456 | 10.14% |
10-02-2024 | ₹42 | ₹456 | 10.14% |
11-02-2024 | ₹37 | ₹451 | 8.94% |
12-02-2024 | ₹30 | ₹444 | 7.25% |
13-02-2024 | ₹18 | ₹432 | 4.35% |
Subscription Details :-
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
February 7, 2024 | 0.14 | 1.28 | 1.27 | 0.96 |
February 8, 2024 | 0.19 | 3.18 | 2.42 | 1.98 |
February 9, 2024 | 39.81 | 26.13 | 5.70 | 19.89 |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | February 14, 2024 |
BSE Script Code:- | 544118 |
NSE Symbol :- | JSFB |
ISIN:- | INE953L01027 |
Final Issue Price:- | ₹414.00 |
Open:- | ₹396.00 |
Low:- | ₹365.00 |
High:- | ₹409.00 |
Close:- | ₹368.15 |
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