{"id":5661,"date":"2024-02-03T13:02:59","date_gmt":"2024-02-03T07:32:59","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5661"},"modified":"2024-02-03T17:09:47","modified_gmt":"2024-02-03T11:39:47","slug":"jana-small-finance-bank-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/jana-small-finance-bank-ipo-details\/","title":{"rendered":"Jana Small Finance Bank IPO Details - Complete Overview of Jana Small Finance Bank Limited IPO"},"content":{"rendered":"\n

Jana Small Finance Bank<\/strong> IPO Price: <\/strong>\u20b9393 to \u20b9414 
IPO Date Range:<\/strong> Feb 7, 2024 - Feb 9, 2024<\/p>\n\n\n\n

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Foundation & Business Essence<\/h2>\n\n\n\n

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.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Services Offered<\/h2>\n\n\n\n

Jana SFB offers a range of unsecured loan products, including individual and micro-business loans, agricultural and allied loans, and group loans.<\/p>\n\n\n\n

The bank categorizes its loans into three types:<\/p>\n\n\n\n

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

    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 \u20b950,760.00 million to \u20b999,047.54 million, indicating a Compound Annual Growth Rate (CAGR) of 39.69%.<\/p>\n\n\n\n

    Network and Presence<\/h2>\n\n\n\n

    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.<\/p>\n\n\n\n

    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.<\/p>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    Jana Small Finance Bank IPO Specifics:<\/h2>\n\n\n\n
    IPO Date<\/td>February 7, 2024 to February 9, 2024<\/td><\/tr>
    Listing Date<\/td>Wednesday, February 14, 2024<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b9393 to \u20b9414  per share<\/td><\/tr>
    Lot Size<\/td>36 shares<\/td><\/tr>
    Total Issue Size<\/td>13,768,049 shares
    (aggregating up to \u20b9570.00 Cr)<\/td><\/tr>
    Fresh Issue<\/td>11,159,420 shares
    (aggregating up to \u20b9462.00 Cr)<\/td><\/tr>
    Offer For Sale<\/td>2,608,629 shares of \u20b910
    (aggregating up to \u20b9108.00 Cr)<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>93,430,855<\/td><\/tr>
    Share holding post issue<\/td>104,590,275<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Jana Small Finance Bank IPO Lot Size<\/h2>\n\n\n\n

    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.<\/p>\n\n\n\n

    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>36<\/td>\u20b914,904<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>468<\/td>\u20b9193,752<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>504<\/td>\u20b9208,656<\/td><\/tr>
    S-HNI (Max)<\/td>66<\/td>2412<\/td>\u20b9998,568<\/td><\/tr>
    B-HNI (Min)<\/td>67<\/td>2448<\/td>\u20b91,013,472<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Jana Small Finance Bank IPO Reservation<\/h2>\n\n\n\n
    QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Jana Small Finance Bank IPO Timetable (Important Dates)<\/h2>\n\n\n\n
    IPO Open Date<\/td>Wednesday, February 7, 2024<\/td><\/tr>
    IPO Close Date<\/td>Friday, February 9, 2024<\/td><\/tr>
    Basis of Allotment<\/td>Monday, February 12, 2024<\/td><\/tr>
    Initiation of Refunds<\/td>Tuesday, February 13, 2024<\/td><\/tr>
    Credit of Shares to Demat<\/td>Tuesday, February 13, 2024<\/td><\/tr>
    Listing Date<\/td>Wednesday, February 14, 2024<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on February 9, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    Jana Small Finance Bank Limited IPO Financial Information<\/h2>\n\n\n\n

    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).<\/p>\n\n\n\n

    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 Sep 2023<\/th><\/tr><\/thead>
    Assets<\/td>19078.66<\/td>20188.71<\/td>25643.69<\/td>28105.87<\/td><\/tr>
    Revenue<\/td>2720.14<\/td>3062.37<\/td>3699.88<\/td>2215.57<\/td><\/tr>
    Profit After Tax<\/td>72.26<\/td>17.47<\/td>255.97<\/td>213.22<\/td><\/tr>
    Net Worth<\/td>1100.77<\/td>1184.56<\/td>1777.07<\/td>2547.11<\/td><\/tr>
    Reserves & Surplus<\/td>914.09<\/td>999.29<\/td>1472.28<\/td>2225.44<\/td><\/tr>
    Total Borrowing<\/td>4815.32<\/td>4509.23<\/td>6277.46<\/td>5313.14<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

    Key Performance Indicator - Jana Small Finance Bank IPO<\/h2>\n\n\n\n
    KPI<\/th>Values<\/th><\/tr><\/thead>
    Market Cap (\u20b9 Cr.)<\/td>4330.04<\/td><\/tr>
    EPS (Rs)<\/td>27.4<\/td><\/tr>
    P\/E (x)<\/td>15.11<\/td><\/tr>
    ROE<\/td>16.78%<\/td><\/tr>
    Debt\/ Equity<\/td>3.49<\/td><\/tr>
    RoNW<\/td>14.40%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    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.<\/p>\n\n\n\n

    Prospectus Links:<\/strong><\/h2>\n\n\n\n

    Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. Jana Small Finance Bank DRHP<\/a> and Jana Small Finance Bank RHP<\/a>.<\/p>\n\n\n\n

    Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
    <\/div><\/div>\n\n\n
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    What is an IPO?<\/h3>\n
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    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.<\/p>\n\n<\/div>\n<\/div>\n

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    Why do companies go public with an IPO?<\/h3>\n
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    Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

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    What is the price range for the \"Jana Small Finance Bank Limited\" IPO?<\/h3>\n
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    The price range for the\"Jana Small Finance Bank Limited\" IPO is \u20b9393 to \u20b9414 per share.<\/p>\n\n<\/div>\n<\/div>\n

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    When will the \"Jana Small Finance Bank Limited\" IPO be listed on the stock exchange?<\/h3>\n
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    The \"Jana Small Finance Bank Limited\" IPO is expected to be listed on Wednesday, 14 February 2024.<\/p>\n\n<\/div>\n<\/div>\n

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    How to apply for an IPO with Lakshmishree?<\/h3>\n
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    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.<\/p>\n\n<\/div>\n<\/div>\n

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    How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
    \n\n

    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.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

    Jana Small Finance Bank IPO Price: \u20b9393 to \u20b9414 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 […]<\/p>\n","protected":false},"author":1,"featured_media":5673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5661"}],"version-history":[{"count":3,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5661\/revisions"}],"predecessor-version":[{"id":5678,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5661\/revisions\/5678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5673"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}