Jana Small Finance Bank’s IPO is a book-built issue of Rs 570.00 crores, comprising a fresh issue of 1.12 crore shares worth Rs 462.00 crores and an offer for sale of 0.26 crore shares worth Rs 108.00 crores.
The subscription for the Jana SFB IPO begans on February 7, 2024, and ended on February 9, 2024. The allotment is expected to be finalized on Monday, February 12, 2024, with a tentative listing date set for Wednesday, February 14, 2024, on both BSE and NSE.
The IPO price band is set at ₹393 to ₹414 per share, with a minimum lot size of 36 shares. Retail investors need a minimum investment of ₹14,904. For sNII, the minimum lot size investment is 14 lots (504 shares), amounting to ₹208,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹1,013,472.
Here’s how you can check the allotment status of Jana Small Finance Bank IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the KFin Technologies Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on February 13, 2024
Established in July 2006, Jana Small Finance Bank Limited operates as a non-banking finance company with a focus on providing a range of financial services. These services primarily include MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans.
Jana SFB offers an array of unsecured loan products catering to individual and micro-business needs, agricultural and allied sectors, and group loans. The bank categorises its loans into three main types: individual loans for home improvement or repair and individual loans for school fees.
Jana Small Finance Bank GMP
| Date | GMP |
| February 06 | ₹80 |
| February 05 | ₹80 |
| February 04 | ₹108 |
| February 03 | ₹108 |
With a price band of ₹414.00, the estimated listing price for Jana Small Finance Bank’s IPO is ₹494.00, calculated as the cap price plus today’s Grey Market Premium (GMP). This translates to an expected percentage gain of 19.32% per share.
