Jana Small Finance Bank IPO GMP today [2024]

Jana Small Finance Bank IPO is opening for subscription on 7 February and investors will be able to apply in this IPO till 9 February.

Jana Small Finance Bank IPO

Jana Small Finance Bank IPO : Jana Small Finance Bank IPO is opening for subscription on 7 February and investors will be able to bid in this IPO till 9 February.

This is a Book Built Issue IPO after which the company will be listed on NSE and BSE and through this IPO the company is going to raise a total of 570 crore rupees.

Company has already raised [.] Crore rupees from anchor investors one day before the opening of this IPO on [.] by issuing [.] shares on the upper price band ₹[.] of this IPO.

Let’s have a quick look on the company and it’s IPO.

What company does? | Jana Small Finance Bank IPO

Jana Small Finance Bank Limited is an NBFC which is engaged in the business of providing affordable housing loans, loans against fixed deposits, gold loans, two-wheeler loans, MSME loans and term loans to NBFC.

It has categorised it’s loans in three categories namely – individual loans for home repairing or improvement, individual loans for school fees and individual personal loans for various purposes.

As of March 31, 2023, it has 754 banking outlets spread over 22 states and 2 Union Territories of India which includes 272 unbanked rural centers and has employed about 18,184 permanent employees.

Let’s have a quick look on the important details of this IPO.

Jana Small Finance Bank IPO Details

IPO Date7 February, 2024 to 9 February, 2024
Listing Date14 February, 2024
Price Band₹393 to ₹414 per share
Lot Size36 shares
Face Value₹10 per share
Issue TypeBook Built Issue IPO
Total Issue Size₹570 Crores (approx. 1,37,68,049 shares)
Fresh Issue Size₹462 Crores (approx. 1,11,59,420 shares)
Offer for sale₹108 Crores (approx. 26,08,629 shares of ₹10)
Pre issue Share Holding9,34,30,855
Post issue Share Holding10,45,90,275
Listing AtBSE, NSE

Jana Small Finance Bank IPO Important date Schedule (Tentative)

IPO Opening Date7 February, 2024
IPO Closing Date9 February, 2024
Basis of Allotment12 February, 2024
Refund Initiation13 February, 2024
Credit of Shares to Demat Account13 February, 2024
Listing Date14 February, 2024
Cut-off time for UPI mandate confirmation5 PM on 9 February, 2024

Jana Small Finance Bank IPO Lot details

Minimum      Maximum                           
Retail Investors1 Lot13 LotS
NIIs (HNIs)14 Lots67 Lots
QIBs68 Lots[.]

Jana Small Finance Bank IPO Reservation

Retail Investors35%
NIIs (HNIs)15%
QIBs50%

Jana Small Finance Bank IPO Promoter holding

Table

Jana Small Finance Bank IPO GMP today | Jana Small Finance Bank IPO GMP today price

Jana Small Finance Bank IPO is trading at a premium of ₹[.] in grey market. This GMP indicates that the IPO is trading at a premium of [.]% from it’s upper price band of ₹[.] in grey market.

As per the current GMP of this IPO, the company will be listed at ₹[.] and IPO investors are likely to get a stellar listing gain of [.]% on the listing day of this IPO if this GMP persists till the listing day.

Jana Small Finance Bank IPO Subscription status – Live Updates

To be updated soon.

Jana Small Finance Bank IPO Dividend Policy

Company has no any formal dividend policy for the equity shares and has not declared or paid any dividend on the equity shares in Last 3 financial years.

Jana Small Finance Bank IPO Strengths

  1. Company is a digitalised bank and the majority of it’s services are available in digital form to the customers;
  2. It has an integrated risk and governance framework;
  3. It has Professional and experienced management and Board;
  4. It is a Customer-centric organization with more than 16 years’ experience in serving underbanked and underserved customers;
  5. It has a Pan-India presence with strong brand recognition;
  6. It has a Fast growing Retail Deposits base and diversified deposit franchise; and
  7. It has a Proven execution ability.

Jana Small Finance Bank IPO Risks

  1. Company is subject to inspections by various regulatory authorities, such as the RBI, PFRDA, IRDA and National Pension System Trust. Non-compliance with the observations of such regulators could adversely affect it’s business, financial condition, results of operations and cash flows;
  2. It is subject to stringent regulatory requirements and prudential norms. In addition, some of these regulatory requirements and prudential norms are more onerous for Small Finance Banks compared to other banks. It is not able to comply with certain provisions of the SFB Licensing Guidelines and the RBI Final Approval;
  3. It’s non-convertible debentures are listed on the BSE and it is subject to rules and regulations with respect to such listed non-convertible debentures;
  4. It may not be able to maintain or renew its statutory and regulatory permits, licences and approvals required to operate its business, which may adversely affect it’s business, financial condition, results of operation and cash flows;
  5. Any non-compliance with mandatory AML, KYC and CFT laws and regulations could expose as to liability and harm it’s business and reputation; and
  6. If it is unable to control the level of it’s NPAs or if it is not able to maintain adequate provisioning coverage or if there is any change in regulation-mandated provisioning requirements, its financial condition and results of operations could be adversely affected.

Jana Small Finance Bank IPO Objectives

Company is planning to utilise the funds raised through this IPO to do certain works which are mentioned below :

  1. To increase it’s Tier-1 capital base in order to meet it’s future capital requirements;
  2. To bear the expenses related to this IPO; and
  3. To get the benefits of being listed on the stock exchanges.

About the company

Jana Small Finance Bank Limited is an NBFC which is engaged in the business of providing affordable housing loans, loans against fixed deposits, gold loans, two-wheeler loans, MSME loans and term loans to NBFC.

It has categorised it’s loans in three categories namely – individual loans for home repairing or improvement, individual loans for school fees and individual personal loans for various purposes.

As of March 31, 2023, it has 754 banking outlets spread over 22 states and 2 Union Territories of India which includes 272 unbanked rural centers and has employed about 18,184 permanent employees.

Jana Small Finance Bank IPO is going to open for subscription on 7 February and investors will be able to apply in this IPO till 9 February.

This is a Book Built Issue IPO after which the company will be listed on NSE and BSE and through this IPO the company is going to raise a total of 570 crore rupees.

The price band of this IPO is ₹393-₹414 per share and the face value of shares in this IPO is ₹10 per share. The lot size of this IPO is 36 shares and investors will have to invest at least ₹14,904 for 1 lot.

In this IPO, the company is going to raise a total of 570 crore rupees by issuing a total of 1,37,68,049 shares, out of which the company is going to issue 26,08,629 shares of ₹10 under Offer for Sale, the total value of which is 108 crore rupees and 1,11,59,420 shares completely under fresh issue, the total value of which is ₹462 crores.

Retail investors will be able to apply for a minimum of 1 lot and a maximum of 13 lots in this IPO in which they will have to invest at least ₹14,904 for 1 lot.

High Net Worth Individuals (HNIs) / Non Institutional Investors (NIIs) will be able to apply for a minimum of 14 lots and a maximum of 67 lots in this IPO for which they will have to invest at least ₹2,08,656.

At the same time, Qualified Institutional Buyers (QIBs) will be able to apply for at least 68 lots in this IPO for which they will have to invest at least ₹10,13,472.

35% portion of this IPO will be reserved for retail investors, 15% portion of this IPO will be reserved for Non Institutional Investors (NIIs) / High Net Worth Individuals (HNIs) and 50% portion of this IPO will be reserved for Qualified Institutional Buyers (QIBs).

The total shareholding of promoters in this company before IPO is 25.20% which will reduce to [.]% after this IPO.

The Book Running Lead Managers of this IPO are Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited. Whereas the Registrar of this IPO is Kfin Technologies Limited.

Company has already raised [.] Crore rupees from anchor investors one day before the opening of this IPO on [.] by issuing [.] shares on the upper price band ₹[.] of this IPO.

The date of allotment of this IPO is 12 February. In case of not getting the allotment, the money will be refunded to the investors on 13 February and after getting the allotment, the shares will be credited to the demat account of those investors getting the allotment on 13 February. The listing of this IPO will be done on NSE and BSE on 14 February.

Also Read : Capital Small Finance Bank IPO GMP today [2024]

FAQs Related to the Jana Small Finance Bank IPO

Jana Small Finance Bank IPO Date

The date of allotment of this IPO is 12 February.

Jana Small Finance Bank IPO Price

The price band of this IPO is ₹393-₹414 per share and the face value of shares in this IPO is ₹10 per share.

Jana Small Finance Bank IPO Lot size

The lot size of this IPO is 36 shares and investors will have to invest at least ₹14,904 for 1 lot.

Jana Small Finance Bank IPO Allotment date

The date of allotment of this IPO is 12 February.

Jana Small Finance Bank IPO Listing date

The listing of this IPO will be done on NSE and BSE on 14 February.

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