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Posted on  February 3, 2024 under  by Meghna Mundhra

Jana Small Finance Bank IPO Details - Complete Overview of Jana Small Finance Bank Limited IPO

Jana Small Finance Bank IPO Price: ₹393 to ₹414 
IPO Date Range:
Feb 7, 2024 - Feb 9, 2024

Foundation & Business Essence

Established in July 2006, Jana Small Finance Bank Limited operates as a non-banking finance company with a primary focus on offering MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans.

Services Offered

Jana SFB offers a range of unsecured loan products, including individual and micro-business loans, agricultural and allied loans, and group loans.

The bank categorizes its loans into three types:

  1. Individual loans for home improvement/repair.
  2. Individual loans for school fees.
  3. Individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.

Jana SFB also provides digital products, services, and platforms like mobile and internet banking for both retail and corporate clients. Over the period between March 31, 2021, and March 31, 2023, the bank's gross secured advances experienced substantial growth, increasing from ₹50,760.00 million to ₹99,047.54 million, indicating a Compound Annual Growth Rate (CAGR) of 39.69%.

Network and Presence

As of March 31, 2023, Jana SFB boasted a widespread network with 754 banking outlets strategically spread across 22 states and two union territories, inclusive of 272 outlets situated in unbanked rural centers. This expansive pan-India presence has effectively mitigated the bank's concentration risk.

Since its inception in 2008, the bank has served nearly 12 million customers. As of March 31, 2023, there are 4.57 million active customers. Over the past three fiscal years, the bank has consistently expanded its customer base by adding 0.91 million, 0.51 million, and 0.08 million new customers in each respective year.

Bidding Starts In

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Jana Small Finance Bank IPO Specifics:

IPO DateFebruary 7, 2024 to February 9, 2024
Listing DateWednesday, February 14, 2024
Face Value₹10 per share
Price Band₹393 to ₹414  per share
Lot Size36 shares
Total Issue Size13,768,049 shares
(aggregating up to ₹570.00 Cr)
Fresh Issue11,159,420 shares
(aggregating up to ₹462.00 Cr)
Offer For Sale2,608,629 shares of ₹10
(aggregating up to ₹108.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue93,430,855
Share holding post issue104,590,275

Jana Small Finance Bank IPO Lot Size

Investors have the option to bid for a minimum of 36 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.

ApplicationLotsSharesAmount
Retail (Min)136₹14,904
Retail (Max)13468₹193,752
S-HNI (Min)14504₹208,656
S-HNI (Max)662412₹998,568
B-HNI (Min)672448₹1,013,472

Jana Small Finance Bank IPO Reservation

QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Jana Small Finance Bank IPO Timetable (Important Dates)

IPO Open DateWednesday, February 7, 2024
IPO Close DateFriday, February 9, 2024
Basis of AllotmentMonday, February 12, 2024
Initiation of RefundsTuesday, February 13, 2024
Credit of Shares to DematTuesday, February 13, 2024
Listing DateWednesday, February 14, 2024
Cut-off time for UPI mandate confirmation5 PM on February 9, 2024

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Jana Small Finance Bank Limited IPO Financial Information

During the fiscal year spanning from March 31, 2022, to March 31, 2023, Jana Small Finance Bank Limited experienced a notable 20.82% growth in revenue, accompanied by an impressive 1365.12% surge in profit after tax (PAT).

Period Ended31 Mar 202131 Mar 202231 Mar 202330 Sep 2023
Assets19078.6620188.7125643.6928105.87
Revenue2720.143062.373699.882215.57
Profit After Tax72.2617.47255.97213.22
Net Worth1100.771184.561777.072547.11
Reserves & Surplus914.09999.291472.282225.44
Total Borrowing4815.324509.236277.465313.14
Amount in ₹ Crore

Key Performance Indicator - Jana Small Finance Bank IPO

KPIValues
Market Cap (₹ Cr.)4330.04
EPS (Rs)27.4
P/E (x)15.11
ROE16.78%
Debt/ Equity3.49
RoNW14.40%

Objects of the Issue:

The bank intends to use the net proceeds from the fresh issue to bolster its Tier-1 capital base, addressing future capital needs. Additionally, the funds raised will cover expenses related to the offer. Listing the equity shares on stock exchanges is anticipated to bring about advantageous outcomes for the bank.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Jana Small Finance Bank DRHP and Jana Small Finance Bank RHP.

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Jana Small Finance Bank Limited" IPO?

The price range for the"Jana Small Finance Bank Limited" IPO is ₹393 to ₹414 per share.

When will the "Jana Small Finance Bank Limited" IPO be listed on the stock exchange?

The "Jana Small Finance Bank Limited" IPO is expected to be listed on Wednesday, 14 February 2024.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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