Jana Small Finance Bank Limited IPO: Price, Detail, GMP, Opening Date, Financial Report and More

Jana Small Finance Bank Limited IPO

Founded in July 2006, Jana Small Finance Bank Limited is a finance company that focuses on providing various types of loans like MSME loans, affordable housing loans, and two-wheeler loans. They also offer digital banking services through mobile and internet platforms.

The bank offers different loan options for individuals and businesses, including loans for home improvement, school fees, and personal expenses. They have seen significant growth in their loan portfolio, with secured advances increasing from ₹50,760.00 million to ₹99,047.54 million between March 31, 2021, and March 31, 2023.

With 754 banking outlets across 22 states and two union territories, including 272 in rural areas, Jana SFB has a wide presence across India, reducing its risk. Since 2008, they have served nearly 12 million customers, with 4.57 million active customers as of March 31, 2023.

As of March 31, 2023, Jana SFB employed a total of 18,184 permanent employees.

Key Points Regarding Capital SFB IPO

IPO DateFebruary 7, 2024 to February 9, 2024
Price Band₹393 to ₹414 per share
Face ValueRs 10 per share
Lot Size36 Shares
Total Issue Size13,768,049 shares
(aggregating up to ₹570.00 Cr)
Listing DateWednesday, February 14, 2024
Listing AtBSE, NSE

Jana Small Finance Bank Limited IPO Details:

  • Book Built Issue: Rs 570.00 crores
  • Fresh Issue: 1.12 crore shares (Rs 462.00 crores) and Offer for Sale: 0.26 crore shares (Rs 108.00 crores)
  • Subscription Dates:
    • Opens: February 7, 2024
    • Closes: February 9, 2024
  • Allotment Date:
    • Expected: Monday, February 12, 2024
  • Listing:
    • BSE, NSE
    • Tentative Listing Date: Wednesday, February 14, 2024
  • Price Band:
    • ₹393 to ₹414 per share
  • Application Details:
    • Minimum Lot Size: 36 Shares
    • Retail Investors: Minimum Investment of ₹14,904
  • For sNII (Non-Institutional Investors):
    • Minimum Lot Size: 14 lots (504 shares)
    • Minimum Investment: ₹208,656
  • For bNII (Non-Institutional Investors):
    • Minimum Lot Size: 68 lots (2,448 shares)
    • Minimum Investment: ₹1,013,472

Jana Small Finance Bank Limited Financial Information

Jana Small Finance Bank Limited saw a significant rise in revenue by 20.82% and a remarkable increase in profit after tax (PAT) by 1365.12% from the financial year ending on March 31, 2022, to March 31, 2023. (Amount in ₹ Crore)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax213.22255.9717.4772.26
Net Worth2,547.111,777.071,184.561,100.77
Reserves and Surplus2,225.441,472.28999.29914.09
Total Borrowing5,313.546,277.464,509.834,815.32

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
Phone: +91 80 4602 0100
Email: [email protected]

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