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Jana Small Finance Bank Ltd

Banks

Offer Period :

7th to 9th Feb 2024

Established in July 2006, Jana Small Finance Bank focuses on providing MSME loans, affordable housing loans, and various other financial products. With 754 outlets across 22 states, the bank has seen significant growth, Read more... reaching 4.57 million active customers by March 31, 2023, and employing 18,184 permanent staff members.Read less

Jana Small Finance Bank Ltd IPO Details

IPO Date 7th to 9th Feb 2024 Minimum Investment ₹14904 / 1 Lots
Listing Date 2024-02-14 Maximum Investment ₹193752 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹570 Crores
Price ₹414 to ₹414 per share Fresh Issue ₹462 Crores
Lot Size 1 Lots (36 Shares) Offer For Sale ₹ 108
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 7th to 9th Feb 2024
Listing Date 2024-02-14
Face Value ₹10 per share
Price ₹414 to ₹414 per share
Lot Size 1 Lots (36 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14904 / 1 Lots
Maximum Investment ₹193752 / 13 Lots
Total Issue Size ₹570 Crores
Fresh Issue ₹462 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

7th Feb

IPO Starts

9th Feb

IPO Ends

12th Feb

Allotment Date

13th Feb

Initiation of Refund

13th Feb

Credit of Shares to Demat Account

14th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 25.23 0
Public Group 74.77 0

Jana Small Finance Bank Ltd IPO Reservation

QIB Shares Offered 2688392(19.53%)
NII (HNI) Shares Offered 2016294(14.64%)
Retail Shares Offered 4704687(34.17%)
Anchor Investor Shares Offered 4032589(29.29%)
Total Shares Offered 13768049
Total Shares With Anchor Investor 13768049

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Jana Small Finance Bank Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id jana.ipo@kfintech.com
Our Website www.kfintech.com

Jana Small Finance Bank Ltd IPO Lead Manager

1. Axis Capital Ltd

2. ICICI Securities Ltd

3. SBI Capital Markets Ltd

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Jana Small Finance Bank Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Jana Small Finance Bank Ltd

1. Digitalised bank and majority services are available in digital form to customers.

2. Integrated risk and governance framework.

3. Professional and experienced management and Board.

4. Customer-centric organization with more than 16 years' experience in serving underbanked and underserved customer.

5. Pan-India presence with strong brand recognition.

6. Fast growing Retail Deposits base and diversified deposit franchise.

7. Proven execution ability.

Risks Involved

1. The bank 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 its business, financial condition, results of operations and cash flows.

2. The bank 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. The bank has not been able to comply with certain provisions of the SFB Licensing Guidelines and the RBI Final Approval. As a result, the RBI may take regulatory action against it, which could include imposition of monetary penalties, revocation of the RBI Final Approval or such other penal actions and restrictions deemed fit by the RBI, the imposition of any of which could have a material adverse effect on its business, financial condition, results of operations and cash flows.

3. Its Bank is subject to restrictions relating to the Equity Shares as per the RBI In-Principle Approval, RBI Final Approval, SFB Licensing Guidelines and SFB Operating Guidelines.

4. There have been irregularities in certain regulatory filings made by it with the RoC under applicable law and delays in submitting regulatory filings with the RBI. Further, certain of its statutory and regulatory records are untraceable. The bank cannot assure you that no legal proceedings or regulatory actions will be initiated against its Bank in the future in relation to such missing corporate records or irregular filings.

5. Its non-convertible debentures are listed on the BSE and the bank is subject to rules and regulations with respect to such listed non-convertible debentures. If its fail to comply with such rules and regulations, its may be subject to certain penal actions, which may have an adverse effect on its business, results of operations, financial condition and cash flows.

6. Its may be unable to maintain or renew its statutory and regulatory permits, licences and approvals required to operate its business, which may adversely affect its business, financial condition, results of operation and cash flows.

7. The RBI is required to approve candidates proposed to be appointed as chairman, managing director and executive director. Additionally, the RBI has the power and the authority to remove any employee or managerial person under certain circumstances.

8. Any non-compliance with mandatory AML, KYC and CFT laws and regulations could expose it to liability and harm its business and reputation.

9. Due to the non-updating of their Aadhaar numbers by certain of its employees with the Pension Fund Regulatory and Development Authority ("PFRDA"), the bank was unable to deposit the provident fund payments for such employees with the PFRDA. All such amounts have been remitted to an escrow account. Its deposit the provident fund payments for such employees with the PFRDA once its receive their updated Aadhaar numbers. Its subject to an interest levy payable on the amounts that are required to be deposited with the PFRDA until the date such amounts are deposited with the PFRDA.

10. A high Illiquidity Ratio indicates that a bank holds a low amount of liquid assets, which affects its ability to pay its debt obligations and short-term liabilities. If its unable to decrease its Illiquidity Ratio, it could have an adverse effect on its business, financial condition, results of operations and cash flows.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Jana Small Finance Bank Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-14 544118 JSFB
INE953L01027
₹414 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹414 ₹414
Open ₹396 ₹396
Low ₹365 ₹365
High ₹408.8 ₹409
Low ₹365 ₹365

Frequently Asked Questions

What is Jana Small Finance Bank Ltd IPO?

Answer Field

Jana Small Finance Bank Ltd IPO is a Mainboard IPO of 1,37,68,049 equity shares of a face value of ₹10 aggregating up to ₹570 Crores. The issue is priced at ₹414 to ₹414 per share. The minimum order quantity is 36 Shares. The IPO opens on February 07, 2024, and closes on February 09, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Jana Small Finance Bank Ltd IPO will open?

Answer Field

The Jana Small Finance Bank Ltd IPO opens on February 07, 2024 and closes on February 09, 2024.

What is the lot size of Jana Small Finance Bank Ltd?

Answer Field

Jana Small Finance Bank Ltd lot size is 36 shares, and the minimum amount required is ₹14,904.

How to apply for Jana Small Finance Bank Ltd IPO?

Answer Field

You can apply in Jana Small Finance Bank Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Jana Small Finance Bank Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Jana Small Finance Bank Ltd IPO will be done on February 12, 2024, and the allotted shares will be credited to your demat account by February 13, 2024.

When is Jana Small Finance Bank Ltd IPO listing date?

Answer Field

The Jana Small Finance Bank Ltd listing date is February 14, 2024.

Who is the registrar of Jana Small Finance Bank Ltd IPO?

Answer Field

The registrar of Jana Small Finance Bank Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,ICICI Securities Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Jana Small Finance Bank Ltd IPO?

Answer Field

The fresh issue size is ₹462 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Jana Small Finance Bank Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 36 shares and ₹14,904 amount.

How can I approve the UPI mandate request for Jana Small Finance Bank Ltd IPO?

Answer Field

To apply for Jana Small Finance Bank Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Jana Small Finance Bank Ltd?

Answer Field

The price of each Jana Small Finance Bank Ltd share will be ranging in between ₹414 to ₹414 per share.

What is the cut-off time for the UPI mandate for Jana Small Finance Bank Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 09, 2024.

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