
Industrial & Financial Services · NSE / BSE
Founded in July 2006, Jana Small Finance Bank has grown into a key player in the financial sector, offering a variety of services for individuals and businesses. Their loan offerings include MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans. Jana SFB also provides unsecured loans for various needs, including micro-businesses, agriculture, education, home improvements, and personal expenses. Their loan portfolio is structured into three categories, covering everything from school fees and debt consolidation to business growth. The bank is committed to digital banking, offering seamless mobile and internet banking services for both retail and corporate customers. Between March 31, 2021, and March 31, 2023, their secured advances nearly doubled, growing at an impressive 39.69% CAGR, reaching ₹99,047.54 million. With 754 banking outlets across 22 states and 2 union territories, including 272 branches in unbanked rural areas, Jana SFB has successfully reduced regional concentration risks. Since its launch, Jana SFB has served 12 million customers, with 4.57 million active customers as of March 31, 2023. Over the past three years, they have consistently expanded their customer base, adding 0.91 million, 0.51 million, and 0.08 million new customers annually. The bank’s success is driven by its dedicated team of 18,184 employees, committed to providing top-notch financial services and ensuring customer satisfaction.
Price Band
₹393 – ₹414
Issue Size
₹570 Cr
Lot Size
36 shares
GMP
+3.9%
Est. Listing
₹430
at current GMP
Subscribed
19.19x
overall
Open
7 Feb 2024
Close
9 Feb 2024
Allotment
12 Feb 2024
Refund
13 Feb 2024
Demat Credit
14 Feb 2024
Listing
14 Feb 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
12 Feb 2024
Basis finalization
Refunds Initiate
13 Feb 2024
Mandate release
Demat Credit
14 Feb 2024
Shares in demat
Listing Debut
14 Feb 2024
Trading begins
Jana Small Finance Bank Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹570 Crores. The shares are offered at a price band of ₹393 to ₹414 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 36 shares (approx. ₹14,904 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-14, while un-allotted funds or UPI block mandates will be released on 2024-02-13.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.