Jana Small Finance Bank IPO: Jana Small Finance Bank is set to launch its initial public offering (IPO) as a book-built issue of Rs 570.00 crores. The IPO comprises a fresh issue of 1.12 crore shares, valued at Rs 462.00 crores, and an offer for sale of 0.26 crore shares, totalling Rs 108 crores.
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Jana Small Finance Bank IPO Subscription Window Opening Date
Jana Small Finance Bank IPOis set to start on February 7, 2024.
Jana Small Finance Bank IPO Subscription Window Closing Date
Jana Small Finance Bank IPO will be open for three days and closes on February 9, 2024.
Jana Small Finance Bank IPO Latest GMP
In the unlisted market, Jana Small Finance Bank Grey Market Premium (GMP) is priced at Rs 80, according to various websites that track grey market activities.
Jana Small Finance Bank IPO Allotment Date
The allotment results of the Jana Small Finance Bank IPOon Monday, February 12, 2024.
Jana Small Finance Bank IPO Listing Date
Jana Small Finance Bank IPO, the company is slated to debut on both BSE and NSE on Wednesday, February 14, 2024.
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Jana Small Finance Bank IPO Price Band
Jana Small Finance Bank IPO price band is set at Rs 393 to Rs 414 per share.
Jana Small Finance Bank IPO Lot Size And Minimum Investment
Jana Small Finance Bank IPO’s minimum lot size for retail investors is 36 shares, requiring an investment of Rs 14,904. The minimum lot size investment for sNII is 504 shares (14 lots), amounting to Rs 208,656, and for bNII, it is 2,448 shares (68 lots), amounting to Rs 1,013,472.
Jana Small Finance Bank IPO Booking Running Lead Managers And Registrar
Jana Small Finance Bank IPO book running lead managers are Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets. While registrar for the issue is Kfin Technologies Limited.
About Jana Small Finance Bank
Jana Small Finance Bank was established as ‘Janalakshmi Financial Services Private Limited’ on July 24, 2006, in Bengaluru. The non-banking finance company primarily provides MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans. Jana also offers unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans.
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According to company regulatory filing Jana Small Finance Bank is the fourth largest Small Finance Bank in terms of AUM and the fourth largest Small Finance Bank in terms of deposit size as at September 30, 2023. The company had 771 banking outlets, including 278 banking outlets in unbanked rural centers, The company have 22 states and two union territories and have 12 million customers since 2008, including 4.87 million active customers as at September 30, 2023.
