Jana Small Finance Bank IPO Date, Review, Price, Allotment Details

Jana Small Finance Bank is the fourth largest Small Finance Bank in terms of AUM and the fourth largest Small Finance Bank in terms of deposit size as of September 30, 2023. (Source: Fitch Report). As of September 30, 2023, they had 771 banking outlets, including 278 banking outlets in unbanked rural centers, in 22 states and two union territories. They have served nearly 12 million customers since 2008, including 4.87 million active customers as of September 30, 2023.

They were incorporated on July 24, 2006, registered as a non-banking finance company (“NBFC”) on March 4, 2008, and were awarded non-banking finance company-microfinance institution (“NBFC-MFI”) status on September 5, 2013. They started operating as a Small Finance Bank with effect from March 28, 2018, and became a Scheduled Commercial Bank on July 16, 2019.

They have gained an understanding of the financial needs of underbanked and underserved customers over the past 16 years. During this journey, apart from obtaining an in-depth understanding of customer behavior and requirements in the segment, they have taken multiple steps to improve the customer experience. This has been achieved through a combination of measures, such as digital sourcing and digital disbursement of loans.

Objects of the Issue

• The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank’s Tier – 1 capital base to meet the Bank’s future capital requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Jana Small Finance Bank IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• N/A

Jana Small Finance Bank IPO Date & Price Band Details

Jana Small Finance Bank IPO Market Lot

The Jana Small Finance Bank IPO minimum market lot is 36 shares with ₹14,904 application amount. The retail investors can apply up-to 13 lots with 468 shares or ₹193,752 amount.

Jana Small Finance Bank IPO Allotment & Listing Dates

The Jana Small Finance Bank IPO date is February 7 and the close date is February 9. The Jana Small Finance Bank IPO allotment will be finalized on February 12 and the IPO listing on February 14.

You can check IPO subscription status and IPO allotment status on their respective pages.

Jana Small Finance Bank IPO Form

How to apply for the Jana Small Finance Bank IPO? You can apply for Jana Small Finance Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Jana Small Finance Bank IPO in the Invest section. The other option is you can apply for Jana Small Finance Bank IPO via IPO forms downloaded via NSE and BSE. Check out the Jana Small Finance Bank forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Jana Small Finance Bank Company Financial Report

Jana Small Finance Bank IPO Valuation – FY2023

Check Jana Small Finance Bank IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• AU Small Finance Bank Limited
• Suryoday Small Finance Bank Limited
• Credit Access Grameen Limited
• Spandana Sphoorty Financial Limited
• Bandhan Bank Limited
• Ujjivan Small Finance Bank Limited
• Equitas Small Finance Bank Limited
• Fusion Micro Finance Limited
• Utkarsh Small Finance Bank Limited

Company Promoters

• Jana Capital Limited
• Jana Holdings Limited

Jana Small Finance Bank IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Jana Small Finance Bank IPO Allotment Status Check

Check Jana Small Finance Bank IPO allotment status on Kfin Technologies website allotment URL. Click Here

Jana Small Finance Bank IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• ICICI Securities Limited
• SBI Capital Markets Limited

Company Address

Jana Small Finance Bank Limited
The Fairway Business Park, #10/1, 11/2, 12/2B,
off Domlur, Koramangala Inner Ring Road,
Next to EGL, Challaghatta, Bengaluru 560 071
Phone: +91 80 4602 0100
Email: [email protected]
Website: https://www.janabank.com/

Jana Small Finance Bank IPO FAQs