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IPO Status: Listed [7th Feb 2024 to 9th Feb 2024]
Jana Small Finance Bank IPO, a Mainline IPO of ₹570.00 Cr was launced on 07-02-2024 to 09-02-2024 and the shares got listed on BSE, NSE on 14-02-2024.
The public issue of Jana Small Finance Bank IPO (JSFB,544118) was offered at ₹414.00 per share and the ipo was listed at ₹396. It has delivered listing loss of -4.35%.
As the minimum lot size was 36 shares, the IPO has offered Rs -648 per lot loss on listing.
| IPO Issue Opening Date: | 7th Feb 2024 |
| IPO Issue Closing Date: | 9th Feb 2024 |
| IPO Issue Price: | ₹393.00-414.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹570.00 Cr |
| Offer for Sale: | ₹108.00 Cr |
| Fresh Issue: | ₹462.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 25.20% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544118 |
| NSE Code: | JSFB |
Get important updates regarding Jana Small Finance Bank IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Feb 2024 |
| Refunds Initiation* | 13th Feb 2024 |
| Credit of Shares to Demat* | 13th Feb 2024 |
| IPO Listing Date* | 14th Feb 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹393.00-414.00 |
| Market Lot: | 36 Shares |
| 1 Lot Amount: | ₹14904 |
| Min Small HNI Lots(2-10 Lakh): | 504 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 2448 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-02-2024 | 414.00 | 16 | 400/5600 | ₹430 (3.86%) | 14-Feb-2024 9:24 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Jana Small Finance Bank is a non-banking finance company (NBFC). It is the fourth largest small finance bank in terms of AUM of Rs 201,018.02 million.
Its secured loan products include secured business loans, micro loans against property, MSME loans, affordable housing loans, term loans, gold loans, and two-wheeler loans. Its unsecured loan products include agricultural loans, individual and micro business loans, and group loans to women. As of March 31, 2023, the company’s gross advances have been reported to Rs 180,007.41 million.
It also acts as a third-party corporate agent for life insurance, general non-life insurance products, and health insurance products.
As of 31 March 2023, it has 754 banking outlets and 4.57 million active customers.
| Incorporation | Sector | IPO Issue Size | Website |
| 2006 | Small Finance Bank | ₹570.00 Cr | https://www.janabank.com/ |
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 in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,688,392 (28.57%) | 2,016,294 (21.43%) | 4,704,687 (50%) | 9,409,373 | |
| 1 | 7th Feb 2024 19:04 | 0.14x | 1.28x | 1.27x | 0.96x |
| 2 | 8th Feb 2024 19:04 | 0.19x | 3.18x | 2.42x | 1.98x |
| 3 | 9th Feb 2024 18:01 | 39.81x | 26.13x | 5.70x | 19.89x |
Jana Small Finance Bank Limited's revenue increased by 20.82% and profit after tax (PAT) rose by 1365.12% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 28,105.87 | 25,643.69 | 20,188.71 | 19,078.66 |
| Revenue | 2,215.57 | 3,699.88 | 3,062.37 | 2,720.74 |
| Profit After Tax | 213.22 | 255.97 | 17.47 | 72.26 |
| Net Worth | 2,547.11 | 1,777.07 | 1,184.56 | 1,100.77 |
| Reserves and Surplus | 2,225.44 | 1,472.28 | 999.29 | 914.09 |
| Total Borrowing | 5,313.54 | 6,277.46 | 4,509.83 | 4,815.32 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Jana Small Finance Bank Limited | 47.47 | 42.64 | 323.23 | 14.4 | ||
| Au Small Finance Bank Ltd | 21.86 | 21.74 | 164.64 | 35.47 | 13 | Consolidated |
| Suryoday Small Finance Bank Limited | 7.32 | 7.32 | 149.28 | 24.21 | 4.9 | Consolidated |
| Creditaccess Grameen Ltd | 52.04 | 51.82 | 326.89 | 32.66 | 16.18 | Consolidated |
| Spandana Sphoorty Financial Ltd | 1.74 | 1.74 | 436.58 | 665.52 | 0.4 | Consolidated |
| Bandhan Bank Ltd | 13.62 | 13.62 | 121.58 | 16.87 | 11.21 | Consolidated |
| Ujjivan Financial Services Ltd | 5.88 | 5.87 | 21.27 | 10.15 | 26.45 | Consolidated |
| Equitas Small Finance Bank Limited | 4.71 | 4.67 | 46.44 | 24.21 | 11.12 | Consolidated |
| Fusion Micro Finance Ltd | 43.29 | 43.13 | 230.74 | 14.68 | 16.67 | Consolidated |
| Utkarsh Small Finance Bank Limited | 4.52 | 4.51 | 22.33 | 13.51 | 20.22 | Consolidated |
Last Updated on 18-Feb-2024 06:02:52
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Jana Small Finance Bank IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Jana Small Finance Bank IPO with Zerodha.
Alternate approch to apply in Jana Small Finance Bank IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Jana Small Finance Bank IPO Review and Important Updates
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To subscribe or apply in Jana Small Finance Bank IPO, you can use the following methods:
| Jana Small Finance Bank IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Jana Small Finance Bank IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Jana Small Finance Bank IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Jana Small Finance Bank IPO. Most of the Syndicate Banks provide access to apply in Jana Small Finance Bank IPO via ASBA process. You must have your net banking access, DP ID information to apply in Jana Small Finance Bank IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Jana Small Finance Bank IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Jana Small Finance Bank IPO Review and Important Updates
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Applying in Jana Small Finance Bank IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Jana Small Finance Bank IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Jana Small Finance Bank IPO, please refer article >> Link
Jana Small Finance Bank IPO Review and Important Updates
Steps to download the online application form for Jana Small Finance Bank IPO
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Jana Small Finance Bank IPO is going to be list on 14-02-2024. NSE Code for Jana Small Finance Bank is JSFB. BSE Code for Jana Small Finance Bank is 544118.
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When Jana Small Finance Bank IPO will be listing? Jana Small Finance Bank IPO NSE listing date?Jana Small Finance Bank IPO date of listing.Jana Small Finance Bank IPO BSE listing date?
Jana Small Finance Bank IPO Allotment Date is 12-02-2024.
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