Jana Small Finance Bank IPO Details GMP Price, Launch Date, share price, Issue Size, Review

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OUR BUSINESS

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 of March 31, 2023. As of March 31, 2023, we had 754 banking outlets, including 272 banking outlets in unbanked rural centers, in 22 states and two union territories.

We have gained a deep understanding of the financial needs of underbanked and underserved customers over the past 16 years. During this journey, apart from obtaining an in-depth understanding of customer behavior and requirements in the segment, we have taken multiple steps to improve the customer experience.

JANA SMALL FINANCE BANK IPO DATE & PRICE BAND DETAILS

IPO Open Date February 7, 2024
IPO Close DateFebruary 9, 2024
IPO SizeApprox ₹570 Crores
IPO Fresh IssueApprox ₹462.00 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band393 to ₹414 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%
DRHP DraftClick here
RHP DraftClick here
Anchor InvestorClick here

JANA SMALL FINANCE BANK IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum136 Shares₹14,904
S-HNI Minimum14504 Shares₹2,08,656
B-HNI Minimum682,448 Shares₹10,13,472

OBJECTS OF THE OFFER

Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale in proportion to the Equity Shares offered by the respective Selling Shareholders as part of the Offer for Sale. Our Bank will not receive any proceeds from the Offer for Sale.

JANA SMALL FINANCE BANK IPO ALLOTMENT & LISTING DATE (DETAILS)

Anchor Investor Allotment6 Feb, 2024
IPO Open DateFeb 07, 2024
IPO Close DateFeb 09, 2024
Basis of AllotmentFeb 12, 2024
RefundsFeb 13, 2024
Credit to Demat AccountFeb 13, 2024
IPO Listing DateFeb 14, 2024

JANA SMALL FINANCE BANK FINANCIAL REPORT

₹ in Crores
Year Revenue Expense PAT
2023 ₹3699.88 ₹3443.90 ₹255.97
2022 ₹3062.37 ₹3044.89 ₹17.47
2021 ₹2720.74 ₹2648.48 ₹72.26
September 2023 ₹2215.57 ₹2002.35 ₹213.22

OUR PROMOTERS

  1. Jana Capital Limited
  2. Jana Holdings Limite

QUALITATIVE FACTOR

We believe the following business strengths allow us to successfully compete in the industry:

  1.  New age digitalized bank.
  2.  Robust risk and governance framework.
  3.  Professional and experienced management and Board, backed by reputed Shareholders.
  4.  A customer-centric organization with more than 16 years of experience in serving underbanked and underserved customers.
  5.  Pan-India presence with strong brand recognition.
  6.  Fast-growing Retail Deposit base and diversified deposit franchise.
  7.  Strong execution ability.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 202347.4742.643
March 31, 20223.443.212
March 31, 202111.2513.461
Weighted Average27.2524.63

JANA SMALL FINANCE BANK COMPANY CONTACT DETAILS

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
Karnataka, India
Tel: +91 80 4602 0100
Email: investor.grievance@janabank.com
Website: www.janabank.com

JANA SMALL FINANCE BANK IPO REGISTAR

KFin Technologies Limited
Selenium, Tower B, Plot No –31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Telephone: + 91 40 6716 2222/ 18003094001
Email: epack.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna

 

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