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

Jana Small Finance Bank IPO Details: Jana Small Finance Bank IPO date is fixed, the IPO is to hit the market on February 7 and will close on February 9. Jana Small Finance Bank IPO to raise around ₹570 crores via IPO that comprises fresh issue of ₹462 crores and offer for sale up to 2,608,629 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Jana Small Finance Bank IPO

Table of Contents

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

IPO Open:February 7, 2024
IPO Close:February 9, 2024
IPO Size:Approx ₹570 Crores
Fresh Issue:Approx ₹462 Crores
Offer for Sale:Approx 2,608,629 Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹393 to ₹414 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum136₹14,904
Retail Maximum13468₹193,752
S-HNI Minimum14504₹208,656
B-HNI Minimum682448₹1,013,472

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.

Anchor Investors Allotment:February 6, 2024
IPO Open Date:February 7, 2024
IPO Close Date:February 9, 2024
Basis of Allotment:February 12, 2024
Refunds:February 13, 2024
Credit to Demat Account:February 13, 2024
IPO Listing Date:February 14, 2024

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

  ₹ in Crores
YearRevenueExpensePAT
2021₹2720.74₹2648.48₹72.26
2022₹3062.37₹3044.89₹17.47
2023₹3699.88₹3443.90₹255.97
Sep 2023₹2215.57₹2002.35₹213.22

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.

Earning Per Share (EPS):₹47.47 per Equity Share
Price/Earning P/E Ratio:[.]
Return on Net Worth (RoNW):14.40%
Net Asset Value (NAV):₹346.42 per Equity Share

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

What is Jana Small Finance Bank IPO?

Jana Small Finance Bank IPO is a main-board IPO. They are going to raise ₹570 Crores via IPO. The issue is priced at ₹393 to ₹414 pr equity share. The IPO is to be listed on BSE & NSE.

When Jana Small Finance Bank IPO will open?

The IPO is to open on February 7, 2024 for QIB, NII, and Retail Investors.

What is Jana Small Finance Bank IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Jana Small Finance Bank IPO?

You can apply for Jana Small Finance Bank IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Jana Small Finance Bank IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Jana Small Finance Bank”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Jana Small Finance Bank IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Jana Small Finance Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Jana Small Finance Bank IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Jana Small Finance Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Jana Small Finance Bank IPO Size?

Jana Small Finance Bank IPO size is ₹570 crores.

What is Jana Small Finance Bank IPO Price Band?

Jana Small Finance Bank IPO Price Band is ₹393 to ₹414.

What is Jana Small Finance Bank IPO Minimum and Maximum Lot Size?

The minimum bid is 36 Shares with ₹14,904 amount while the maximum bid is 2412 shares with ₹998,568.

What is the Jana Small Finance Bank IPO Allotment Date?

Jana Small Finance Bank IPO allotment date is February 12, 2024.

What is the Jana Small Finance Bank IPO Listing Date?

Jana Small Finance Bank IPO listing date is February 14, 2024. The IPO is to list on BSE and NSE.

Note: The Jana Small Finance Bank IPO price band and date are officially announced. The IPO grey market premium (Jana Small Finance Bank IPO Premium) will be added to the IPO grey market page as it will start).

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