Jana Small Finance Bank Ltd. IPO

Jana Small Finance Bank Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

-₹18.00 (-4.35%)

Listing Gains

IPO Details

Bidding Dates

07 Feb - 09 Feb '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹393 - ₹414

Price Range

Issue Size

398 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

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.

Important Dates - Jana Small Finance Bank IPO

Application opens on 7th February 2024
Last date of application 9th February 2024
Date of Allotment 12th February 2024
Refund begins from 13th February 2024
Credit of shares to Demat 13th February 2024
Listing date 14th February 2024

Why should you invest in Jana Small Finance Bank Ltd. IPO?

Ranked as the fourth largest financial service provider in India, this Small Finance Bank (SFB) has demonstrated notable growth in its performance. Despite experiencing a margin setback for FY22, consistent with industry trends during the pandemic, its annualized FY24 earnings suggest a reasonably priced issue. Investors looking for medium to long-term rewards may consider investing in this SFB.


Financial Snapshot - Jana Small Finance Bank IPO

Check out the financial performance of Jana Small Finance Bank for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 19,078.66 crore Rs 2720.74 crore Rs 72.66 crore
March 2022 Rs 20,188.71 crore Rs 3,062.37 crore Rs 17.47 crore
March 2023 Rs 25643.69 crore Rs 3699.88 crore Rs 255.97 crore

Jana Small Finance Bank Ltd. IPO - SWOT Analysis


The company has experienced substantial growth in both loans and deposits and holds the fourth position in size among Small Finance Banks. It distinguishes itself by offering digitalized services tailored to customers' needs, emphasizing a customer-centric approach.


The company faces elevated credit risk due to its exposure to unsecured loans, and potential legal issues could adversely affect its business operations.


The company boasts robust risk management practices and is led by an experienced leadership team. With a well-recognized brand and nationwide presence in India, it has established a solid market presence.


The company may face a loss of expected income if customers transfer their loans elsewhere. Additionally, regulatory inspections and instances of non-compliance could have adverse effects on its business operations.


Jana Small Finance Bank IPO Grey Market Premium

Date GMP
06th February Rs.80
05th February Rs.80
04th February Rs.108


Jana Small Finance Bank IPO Noteworthy Highlights

  • The Jana Small Finance Bank (SFB) IPO is a book built issue totaling Rs 570.00 crores. It comprises a fresh issue of 1.12 crore shares valued at Rs 462.00 crores and an offer for sale of 0.26 crore shares valued at Rs 108.00 crores.
  • The bank intends to utilize the Net Proceeds from the Fresh Issue to bolster its Tier-1 capital base, ensuring compliance with future capital requirements, and to cover expenses related to the Offer. Additionally, listing the Equity Shares on the Stock Exchanges is expected to provide various benefits to the bank.

How to apply for Jana Small Finance Bank Ltd. IPO?

You can apply for the Jana Small Finance Bank Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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Jana Small Finance Bank Ltd. IPO FAQs

What are the opening and closing dates for Jana Small Finance Bank IPO?

Jana Small Finance Bank IPO will open for subscription on February 7 and close on February 9.

What is the price band for Jana Small Finance Bank IPO?

The price band for Jana Small Finance Bank IPO is ₹393 to ₹414 per share.

Who is taking part in the OFS?

The investor shareholders offering shares in the Offer for Sale (OFS) include Client Rosehill Ltd, CVCIGP II Employee Rosehill Ltd, Global Financial Inclusion Fund, Growth Partnership II, and Hero Enterprise Partner Ventures.

What is the minimum and maximum lot size for the Jana Small Finance Bank IPO?

Applications must have a minimum lot size of 36 shares. 

Who are Jana Small Finance Bank IPO Lead Managers?

Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited are the joint Book Running Lead Managers (BRLMs) to the issue.

Who is the registrar of the issue?

KFin Technologies Limited  is the registrar for Jana Small Finance Bank IPO.

When will the Jana Small Finance Bank IPO allotment take place?

The finalisation of the basis of allotment for Jana Small Finance Bank IPO will be done on February 12 2024, and the allotted shares will be credited to investors’ demat accounts by February 13.

When and where will the Jana Small Finance Bank shares be listed?

The equity shares of Jana Small Finance Bank are proposed to be listed on February 14 ,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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