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Jana Small Finance Bank IPO

Jana Small Finance Bank filed its DRHP worth over Rs.700 crore, with SEBI on 31 March,2021. The DRHP got approved by SEBI on 12 July, 2021. The issue ...

  • Status: Closed
  • RHP:
  • โ‚น 14,148 / 36 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    14 Feb 2024

  • Listing Price

    โ‚น396.00

  • Listing Change

    -4.35%

  • Last Traded Price

    โ‚น413.70

IPO Details

  • Open Date

    07 Feb 2024

  • Close Date

    09 Feb 2024

  • IPO Price Range

    โ‚น 393 to โ‚น 414

  • IPO Size

    โ‚น 570 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    14 Feb 2024

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IPO Timeline

Jana Small Finance Bank IPO Subscription Status

Last Updated: 15 February 2024 5:13 PM by 5Paisa

Jana Small Finance Bank Limited IPO is set to open from 7th February to 9th February 2024. The company is a non-banking finance company. The IPO includes a fresh issue of 1.12 crore shares aggregating to Rs 462.00 crores and an offer for sale of 0.26 crore shares aggregating to Rs 108.00 crores. The share allotment date is 12th February 2024, and the IPO will be listed on 14th February 2024 on the stock exchanges. The price band is Rs. 393 to Rs. 414 per share.
Axis Capital Limited, SBI Capital Markets Limited, and ICICI Securities Limited are the book-running lead managers for this IPO, while Kfin Technologies Limited is the registrar.

Objectives of Jana Small Finance Bank IPO:

โ—ย ย  ย To satisfy its future requirements for capital, the Bank plans to enhance its Tier-1 capital base with the Net Proceeds from the Fresh issue. ย ย  ย 
ย ย ย  ย 
โ—ย ย  ย The proceeds from the Fresh Issue will also be used towards meeting the expenses to the Offer. ย ย  ย 
ย ย ย  ย 
โ—ย ย  ย The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
ย 

Jana Small Finance Bank IPO Video:

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Jana Small Finance Bank Limited, founded in July 2006, is a non-banking finance firm that specializes in providing MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans.

Jana SFB provides a range of unsecured lending products, including group loans, loans for agriculture and related industries, and loans for individuals and micro businesses.

The bank uses three categories to classify loans:
(i) personal loans for remodeling or repairs to homes,
(ii) private loans for educational expenses, and
(iii) Individual personal loans for business, incidental costs, family events, and debt restructuring.

Peer Comparison
โ—ย ย  ย AU Small Finance Bank Limited
โ—ย ย  ย Suryoday Small Finance Bank Limited
โ—ย ย  ย Credit Access Grameen Limited
โ—ย ย  ย Spandana Sphoorty Financial Limited
โ—ย ย  ย Bandhan Bank Limited
โ—ย ย  ย Ujjivan Small Finance Bank Limited
โ—ย ย  ย Equitas Small Finance Bank Limited
โ—ย ย  ย Fusion Micro Finance Limited
โ—ย ย  ย Utkarsh Small Finance Bank Limited

For More Information:
Webstory onย Jana Small Finance Bank IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenueย from operations 3075.01 2726.53 2497.72
EBITDA 1008.85 591.31 453.33
PAT 255.97 17.47 72.26
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 25643.691 20188.708 19078.661
Share Capital 324.979 201.412 200.727
Total Borrowings 6277.46 4509.83 4815.32
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities - 1137.181 858.609 615.321
Net cash from / (used in) investing activities - 434.46 - 1330.36 - 1265.7
Net cash flow from / (used in) financing activities 2103.61 - 239.52 1916.56
Net increase (decrease) in cash and cash equivalents 531.96 - 711.27 1266.1


Strengths

1.    The company is a digitalised bank and the majority of the services are available in digital form to customers
2.    It has an Integrated risk and governance framework
3.    The company has professional and experienced management and Board     
4.    The company is a Customer-centric organization with more than 16 years    of experience in serving underbanked and underserved customers
5.    Pan-India presence with strong brand recognition

Risks

1.    The company is subject to inspections by various regulatory authorities,     such as the RBI, PFRDA, IRDA, and National Pension System Trust. Non-compliance with the observations of such regulators could adversely affect the business, financial condition, results of operations, and cash flows.
2.    The bank is subject to restrictions relating to the Equity Shares as per the RBI In-Principle Approval, RBI Final Approval, SFB Licensing     Guidelines, and SFB Operating Guidelines.
 

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FAQs

Jana Small Finance Bank IPO opens from 7th February to 9th February 2024.

The size of Jana Small Finance Bank IPO is โ‚น462 cr.

To apply for Jana Small Finance Bank IPO, follow the steps given below:

โ— Login to your 5paisa account and select the issue in the current IPO section    
โ— Enter the number of lots and the price at which you wish to apply for the Jana Small Finance Bank IPO.    
โ— Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The GMP value of every IPO changes daily. To view today's GMP of Jana Small Finance Bank IPO visit https://www.5paisa.com/ipo/ipo-gmp
 

The price band of Jana Small Finance Bank IPO is โ‚น393 to โ‚น414 per share.

The minimum lot size of Jana Small Finance Bank IPO is 36 shares and the investment required is โ‚น14,904.

The share allotment date of Jana Small Finance Bank IPO is 12th February 2024.

The Jana Small Finance Bank IPO will be listed on 14th February 2024.

Axis Capital Limited, SBI Capital Markets Limited, and ICICI Securities Limited are the book-running lead managers for Jana Small Finance Bank IPO

Jana Small Finance Bank will use proceeds for:

โ—    To satisfy its future requirements for capital, the Bank plans to     enhance its Tier-1 capital base with the Net Proceeds from the Fresh Issue.     
โ—    The proceeds from the Fresh Issue will also be used towards meeting the     expenses to the Offer.
โ—    The Bank expects to receive the benefits of listing the Equity Shares on     the Stock Exchanges.