Jana Small Finance Bank Ltd. IPO
Jana Small Finance Bank Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹414
Issue Price
Listing Price
₹396
Listing Price
Listing Gains
-₹18.00 (-4.35%)
Listing Gains
IPO Details
Bidding Dates
07 Feb - 09 Feb '24
Bidding Dates
Min. Investment
₹14,148
Min. Investment
Lot Size
36.00
Lot Size
Price Range
₹393 - ₹414
Price Range
Issue Size
398 Cr
Issue Size
Subscription Rate
- Retail Individual Investor5.46x
- Non-Institutional Investor25.05x
- Qualified Institutional Buyers38.75x
- Employees1.95x
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
Strengths
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.
Weaknesses
The company faces elevated credit risk due to its exposure to unsecured loans, and potential legal issues could adversely affect its business operations.
Opportunities
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.
Threats
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:
UPI
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
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Jana Small Finance Bank Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
