
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
Overall Subscription
19.19x
Total Demand
QIB Multiplier
39.81x
Institutions & Funds
NII / HNI
26.13x
High Net-Worth
Retail (RII)
5.70x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,688,392 | 107,031,060 | 39.81x |
| NIB | 2,016,294 | 52,691,004 | 26.13x |
| HNIs(10L +) | 1,344,196 | 38,618,172 | 28.73x |
| HNIs (2-10L) | 672,099 | 14,072,832 | 20.94x |
| RETAIL | 4,704,687 | 26,803,908 | 5.70x |
| EMPLOYEES | 343,511 | 670,572 | 1.95x |
| Total | 11,769,179 | 239,887,548 | 19.19x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 133,857 | 762,985 | 5.70x |
| HNIs (10L +) | 856 | 22,367 | 26.13x |
| HNIs (2-10L) | 4,098 | 107,081 | 26.13x |
| Total Applications | 138,811 | 892,433 | 6.43x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Jana Small Finance Bank Limited IPO is ₹16 per equity share. Based on the upper price band of ₹393 to ₹414 per equity share, the estimated listing price is ₹430 (+3.9% expected listing gain).
With a lot size of 36 shares and current GMP of ₹16, the expected profit per application lot is approx ₹576 (+3.9% gain). Minimum application cost is approx ₹14,904.
The Jana Small Finance Bank Limited IPO aggregate issue size is ₹570 Crores with an equity price band set at ₹393 to ₹414 per equity share. The retail lot size is 36 shares requiring a minimum capital outlay of approx. ₹14,904.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 19.19x (Retail: 5.70x, QIB: 39.81x, NII: 26.13x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-02-12. Investors can verify status using PAN card or application number.
Jana Small Finance Bank Limited shares are scheduled to list on NSE and BSE on 2024-02-14.