Jana Small Finance Bank IPO Description – Established in the year 2006, Jana Small Finance Bank is officially recognized as a non-banking finance company (NBFC). It currently holds the position of being the fourth-largest Small Finance Bank based on AUM and also ranks fourth in terms of deposit size, as of 30 September 2023. The bank boasts a network of 771 banking outlets, which includes 278 situated in unbanked rural centers, spread across 22 states and two union territories. Since its inception in 2008, Jana Bank has been dedicated to serving nearly 12 million customers, with 4.87 million of them actively engaged as of 30 September 2023.
The main categories of secured loan products encompass secured business loans, micro-loans against property (Micro LAP), MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans, and gold loans. On the other hand, the primary unsecured loan products include individual and micro business loans, agricultural and allied loans, as well as group loans. Group loans are specifically extended to a collective of women following the Joint Liability Group (JLG) model.
The secured gross advances as a percentage of total gross advances have increased from 42.87% as of 31 March 2021 to 57.42% as of 30 September 2023. The agricultural and allied loans as a percentage of gross advances have increased from 13.10% as of 31 March 2021 to 16.93% as of 30 September 2023.
Promoters of Jana Small Finance Bank – Jana Capital Limited, and Jana Holdings Limited
Table of Contents
Jana Small Finance Bank IPO Details
| Jana Small Finance Bank IPO Dates | 7 – 9 February 2024 |
| Jana Small Finance Bank IPO Price | INR 393 – 414 per share |
| Fresh issue | INR 462 crore |
| Offer For Sale | 2,608,629 shares (INR 102.52 – 108 crore) |
| Total IPO size | INR 564.52 – 570 crore |
| Minimum bid (lot size) | 36 shares (INR 14,904) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Jana Small Finance Bank Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 2,720.74 | 3,062.37 | 3,699.88 | 2,215.57 |
| Expenses | 2,648.48 | 3,044.89 | 3,443.90 | 2,002.35 |
| Net income | 72.26 | 17.47 | 255.97 | 213.22 |
| Margin (%) | 2.66 | 0.57 | 6.92 | 9.62 |
Jana Small Finance Bank Offer News
- Jana Small Finance Bank RHP
- Jana Small Finance Bank DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Jana Small Finance Bank Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 13.46 | 3.21 | 42.64 |
| PE ratio | – | – | 9.22 – 9.71 |
| RONW (%) | 6.56 | 1.47 | 14.40 |
| NAV | 217.00 | 230.41 | 323.23 |
| ROE (%) | 6.51 | 1.53 | 16.78 |
| EBITDA (%) | 5.69 | 3.21 | 8.77 |
| Debt/Equity | 0.40 | 0.33 | 0.28 |
Jana Small Finance Bank IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 13 February 2024 | 30 | – | – |
| 12 February 2024 | 35 | – | – |
| 10 February 2024 | 40 | – | – |
| 9 February 2024 | 60 | – | – |
| 8 February 2024 | 60 | – | – |
| 7 February 2024 | 75 | – | – |
| 6 February 2024 | 95 | – | – |
| 5 February 2024 | 110 | – | – |
| 3 February 2024 | 85 | – | – |
| 2 February 2024 | 75 | – | – |
Jana Small Finance Bank IPO Objectives
- 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 of the Offer.
Jana Bank IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
| Shares Offered | 2762350 | 2,103,127 | 4,907,296 | 343,511 | 10,116,284 |
| 9 Feb 2024 | 38.75 | 25.05 | 5.46 | 1.95 | 18.50 |
| 8 Feb 2024 | 0.19 | 3.05 | 2.31 | 0.83 | 1.83 |
| 7 Feb 2024 | 0.14 | 1.22 | 1.20 | 0.31 | 0.88 |
| As on 07:00:00 PM |
Jana Small Finance Bank – Comparison With Listed Peers
| Company | Face Value | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Jana Small Finance Bank | 10 | 9.71 | 47.47 | 14.40 | 323.23 | 3,699.88 |
| AU Small Finance Bank | 10 | 31.55 | 21.86 | 13.00 | 164.64 | 9,239.83 |
| Suryoday Small Finance Bank | 10 | 23.97 | 7.32 | 4.90 | 149.28 | 1,281.10 |
| CreditAccess Grameen | 10 | 21.84 | 52.04 | 16.18 | 326.89 | 3,550.79 |
| Spandana Sphoorty Financial | 10 | 16.43 | 1.74 | 0.40 | 436.58 | 1,477.03 |
| Bandhan Bank | 10 | 17.35 | 13.62 | 11.21 | 121.58 | 18,373.25 |
| Ujjivan Small Finance Bank | 10 | 7.58 | 5.88 | 26.45 | 21.27 | 4,754.19 |
| Equitas Small Finance Bank | 10 | 18.55 | 4.71 | 11.12 | 46.44 | 4,831.46 |
| Fusion Micro Finance | 10 | 16.34 | 43.29 | 16.67 | 230.74 | 1,799.97 |
| Utkarsh Small Finance Bank | 10 | 11.55 | 4.52 | 20.22 | 22.33 | 2,804.29 |
Jana Small Finance Bank IPO Allotment Status
Jana Small Finance Bank IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Jana Small Finance Bank IPO Dates & Listing Performance
| Jana Bank IPO Opening Date | 7 February 2024 |
| Jana Bank IPO Closing Date | 9 February 2024 |
| Finalization of Basis of Allotment | 12 February 2024 |
| Initiation of refunds | 13 February 2024 |
| Transfer of shares to demat accounts | 13 February 2024 |
| Jana Bank IPO Listing Date | 14 February 2024 |
| Opening Price on NSE | INR 396 per share (down 4.35%) |
| Closing Price on NSE | INR 368.15 per share (down 11.07%) |
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Jana Small Finance Bank IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Jana Small Finance Bank Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Jana Small Finance Bank Contact Details
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, Karnataka
Phone:Â +91 80 4602 0100
Email:Â [email protected]
Website: www.janabank.com
Jana Small Finance Bank IPO FAQs
How many shares in Jana Bank IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Jana Small Finance Bank Public Offer?
The best way to apply in Jana Small Finance Bank public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Jana Small Finance Bank IPO GMP today?
Jana Small Finance Bank IPO GMP today is INR 30 per share.
What is Jana Small Finance Bank kostak rate today?
Jana Small Finance Bank kostak rate today is INR NA per application.
What is Jana Small Finance Bank Subject to Sauda rate today?
Jana Small Finance Bank Subject to Sauda rate today is INR NA per application.
