Bangalore-based Jana Small Finance Bank Ltd (Jana SFB) is in the final stages of determining its basis of allotment on Monday following its initial public offering (IPO) from February 7 to February 9.
The IPO, valued at Rs 570 crore, garnered a total subscription of 19.89 times. With a grey market premium (GMP) of Rs 37 per share above its issue price of Rs 414, there are hints of a 9 per cent listing surge for the issue.
Jana SFB IPO is expected to make its stock market debut on Thursday, February 14, alongside Rashi Peripherals and Capital Small Finance.
At the issue price, Jana Small Finance Bank held a price-to-book value of 1.4 times (FY24E annualised). Analysts are largely optimistic about Jana, citing factors such as deposit growth, a diversified loan portfolio, brand equity, and improved asset quality ratios.
Investors who participated in the IPO can check their allotment status on the Bombay Stock Exchange (BSE) website.
Check allotment status via BSE:
Visit the BSE website
Select Equity under the issue type
Choose Jana Small Finance Bank Ltd from the drop-down menu under the issue name
Enter the application number
Provide the PAN card ID
Complete the ‘I am not a Robot’ verification and submit
Alternatively, investors can check the allotment status on the online portal of Kfin Technologies Limited (https://kosmic.kfintech.com/ipostatus/), the registrar to the issue.
Check status via Link Intime Limited web portal:
Visit Link Intime’s portal
Select the IPO from the drop-down menu (only available if allotment is finalized)
Choose between Application number, Demat Account number, or PAN ID
Specify ASBA or non-ASBA in the application type
Enter the relevant details based on the selected mode
Complete the captcha verification accurately
Submit the form for processing