Jana Small Finance Bank IPO
The initial public offering (IPO) of Jana Small Finance Bank will open for subscription on February 07 and close on February 09, comprising fresh and offer-for-sale issues (OFS) of Rs. 570 Crore. An investor can apply for the issue for a minimum of 36 shares and the listing will happen on February 14, 2024.
#1. Quick Intro to Jana Small Finance Bank
Jana Small Finance Bank Limited (2006) primarily offers secured loans including loans against property, loans to micro, SMEs, Home loans, term loans, gold loans, two-wheeler loans, loans against fixed deposit, etc.
* The company has over 771 Banking outlets across the country.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Jana Small Finance Bank
The company intends to use the IPO Funds for the following purposes:
- Augmentation of the Bank’s tier-1 capital base to meet the future capital requirements of the company
- Issue expenses purposes.
#3. Jana Small Finance Bank Core Strengths
- Digitalised Bank
- PAN India presence with strong brand recognition
- Fast-growing retail deposit base and diversified deposits
- Integrated risk and governance framework
- Professional and experienced management board
#4. Jana Small Finance Bank IPO Review & Rating
| Issue Size | Rs.570 Crore |
| Issue Price | Rs.393 to Rs.414 per share |
| Minimum Lot Size | 36 Shares |
| Total Profit (March 2023) | Rs.255.97 Cr |
| ROE | 16.78 |
| ROCE | – |
| Listing on | NSE BSE |
| IPO Deliver Rating | THREE |
#5. Jana Small Finance Bank IPO Dates, Price Band & Details
Jana Small Finance Bank IPO will open on February 07, 2024, and close on February 09, 2024. The IPO is to be listed on February 14, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.570 Crore |
| Price Brand | Rs.393 to Rs.414 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 07, 2024 |
| IPO Close Date | February 09, 2024 |
| IPO Allotment Date | February 12, 2024 |
| Refund Date | February 13, 2024 |
| Share Credit Date | February 13, 2024 |
| Listing Date | February 14, 2024 |
#6. Jana Small Finance Bank IPO Offer Details
Jana Small Finance Bank IPO’s total issue size is 13,768,049 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 11,159,420 | 462 |
| Offer for Sale (OFS) | 2,608,629 | 108 |
#7. Jana Small Finance Bank Financials Overview (Crores)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 3,699.88 | 3,062.37 | 2,720.74 |
| Net Worth | 1,777.07 | 1,184.56 | 1,100.77 |
| Profit | 255.97 | 17.47 | 72.26 |
| Total Borrowings | 6,277.46 | 4,509.83 | 4,815.32 |
#8. Jana Small Finance Bank Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 47.47 | 3.47 | 14.25 |
| RoNW (%) | 14.40 | 1.47 | 6.56 |
| NAV (Rs.) | 323.23 | – | – |
#9. Jana Small Finance Bank Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in million) |
RoNW (%) | NAV (Rs.) |
| AU Small Finance | 92,398.73 | 13 | 164.64 |
| Bandhan Bank | 1,83,732.50 | 11.21 | 121.58 |
#10. Jana Small Finance Bank Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Jana Capital Limited |
| 02. | Jana Holdings Limited |
#11. Jana Small Finance Bank Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 25.20 |
| Post-issue |
#12. Jana Small Finance Bank IPO Reservation Details
Jana Small Finance Bank IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | Not less than 35% of the issue size |
| QIB Shares Offered | Not more than 50% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. Jana Small Finance Bank IPO – Lot Size
An investor can apply for a minimum of 36 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 36 | 14,904 |
| Retail (Max.) | 13 | 468 | 1,93,752 |
| S-HNI (Min.) | 14 | 504 | 2,08,656 |
| S-HNI (Max.) | 67 | 2,412 | 9,98,568 |
| B-HNI (Min.) | 68 | 2,448 | 10,13,472 |
#14. Jana Small Finance Bank IPO – Prospectus Copy
An investor can download/view the Jana Small Finance Bank prospectus copy, which the company filed to exchange, details are as follows.
| Jana Small Finance Bank IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Jana Small Finance Bank IPO Registrar
Kfin Technologies Limited
Phone No.: +91-40-67162222
E-Mail: jana.ipo@kfintech.com
Website: www.kfintech.com
#16. Jana Small Finance Bank IPO Lead Manager
#1. SBI Capital Markets Limited
#2. ICICI Securities Limited
#3. Axis Capital Limited
#17. Jana Small Finance Bank IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Jana Small Finance Bank IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Jana Small Finance Bank Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Jana Small Finance Bank Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Jana Small Finance Bank Company Details
Jana Small Finance Bank Limited
Registered Office: The Fairway Business Park, 10/1, 11/2 & 12/2B off Domlur, Koramangala Inner Ring Road, Next to EGL, Bengaluru- 560071, Karnataka
Phone No: +91-80 4602 0100
Email: investor.grievance@janabank.com
Website: www.janabank.com
Investor Grievances/Compliance Officer: Lakshmi R N
#19. Jana Small Finance Bank Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
#20. Jana Small Finance Bank Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Subhash Chandra Khuntia |
| 02. | Ajay Kanwal |
Jana Small Finance Bank IPO – Frequently Asked Questions (FAQs)
| #1. What is a Jana Small Finance Bank IPO?
Jana Small Finance Bank brings its IPO of Rs.570 Crore, on February 07, 2024, with a price band of Rs.393 to Rs.414 per share. |
| #2. What is the Jana Small Finance Bank IPO Open date?
Jana Small Finance Bank IPO’s opening date is February 07, 2024. |
| #3. What is the Jana Small Finance Bank IPO Close Date?
Jana Small Finance Bank IPO’s closing date is February 09, 2024. |
| #4. What is the Jana Small Finance Bank IPO Listing date?
Jana Small Finance Bank’s IPO listing date is February 14, 2024. |
| #5. What is the Jana Small Finance Bank IPO Minimum investment amount?
Jana Small Finance Bank IPO’s minimum investment amount is Rs. 14,904. |
| #6. What is the Jana Small Finance Bank IPO offer issue Size?
Jana Small Finance Bank offers an issue size of Rs.570 Crore. |
| #7. What is the Jana Small Finance Bank IPO Price Band?
Jana Small Finance Bank’s IPO price band is Rs.393 to Rs.414 per share. |
| #8. Is Jana Small Finance Bank IPO mainboard IPO or SME IPO?
Jana Small Finance Bank IPO is a mainboard IPO. |