Jana Small Finance Bank IPO GMP, Price, Date, Allotment

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Jana Small Finance Bank IPO GMP

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.

Jana Small Finance Bank IPO

Promoters of Jana Small Finance Bank – Jana Capital Limited, and Jana Holdings Limited


Jana Small Finance Bank IPO Details

Jana Small Finance Bank IPO Dates7 – 9 February 2024
Jana Small Finance Bank IPO PriceINR 393 – 414 per share
Fresh issueINR 462 crore
Offer For Sale2,608,629 shares (INR 102.52 – 108 crore)
Total IPO sizeINR 564.52 – 570 crore
Minimum bid (lot size)36 shares (INR 14,904)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Jana Small Finance Bank Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue2,720.743,062.373,699.882,215.57
Expenses2,648.483,044.893,443.902,002.35
Net income72.2617.47255.97213.22
Margin (%)2.660.576.929.62
Figures in INR Crores unless specified otherwise

Jana Small Finance Bank Offer News


Jana Small Finance Bank Valuations & Margins

FY 2021FY 2022FY 2023
EPS13.463.2142.64
PE ratio9.22 – 9.71
RONW (%)6.561.4714.40
NAV217.00230.41323.23
ROE (%)6.511.5316.78
EBITDA (%)5.693.218.77
Debt/Equity0.400.330.28
*Compiled by IPO Central from Prospectus

Jana Small Finance Bank IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
13 February 202430
12 February 202435
10 February 202440
9 February 202460
8 February 202460
7 February 202475
6 February 202495
5 February 2024110
3 February 202485
2 February 202475

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

CategoryQIBNIIRetailEmployeeTotal
Shares Offered27623502,103,1274,907,296343,51110,116,284
9 Feb 202438.7525.055.461.9518.50
8 Feb 20240.193.052.310.831.83
7 Feb 20240.141.221.200.310.88
As on 07:00:00 PM

Jana Small Finance Bank – Comparison With Listed Peers

CompanyFace ValuePE ratioEPSRONW (%)NAVRevenue (Cr.)
Jana Small Finance
Bank
109.7147.4714.40323.233,699.88
AU Small Finance
Bank
1031.5521.8613.00164.649,239.83
Suryoday Small
Finance Bank
1023.977.324.90149.281,281.10
CreditAccess Grameen1021.8452.0416.18326.893,550.79
Spandana Sphoorty
Financial
1016.431.740.40436.581,477.03
Bandhan Bank1017.3513.6211.21121.5818,373.25
Ujjivan Small Finance
Bank
107.585.8826.4521.274,754.19
Equitas Small Finance
Bank
1018.554.7111.1246.444,831.46
Fusion Micro Finance1016.3443.2916.67230.741,799.97
Utkarsh Small Finance
Bank
1011.554.5220.2222.332,804.29

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 Date7 February 2024
Jana Bank IPO Closing Date9 February 2024
Finalization of Basis of Allotment12 February 2024
Initiation of refunds13 February 2024
Transfer of shares to demat accounts13 February 2024
Jana Bank IPO Listing Date14 February 2024
Opening Price on NSEINR 396 per share (down 4.35%)
Closing Price on NSEINR 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[email protected]
Website: 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: +91 40 6716 2222
E-mail: [email protected]
Website: 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: +91 80 4602 0100
Email: [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.

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