Jana Small Finance Bank IPO (Image Source: iStockphoto)
Jana Small Finance Bank's Initial Public Offering (IPO) is a book-built issue with a valuation of Rs 570.00 crores. The offering comprises a fresh issue of 1.12 crore shares amounting to Rs 462 crores and an offer for sale of 0.26 crore shares totaling Rs 108 crores.
Jana SFB IPO Subscription Window
The bidding for the Jana SFB IPO commenced on February 7, 2024, concluding on February 9, 2024.
Jana SFB IPO Allotment Date
The allotment results are anticipated to be announced on Monday, February 12, 2024.
Jana SFB IPO Listing Date
The IPO is slated to be listed on both BSE and NSE, with a tentative listing date fixed for Wednesday, February 14, 2024.
Jana SFB IPO Price Band And Minimum Investment
Jana SFB IPO's price band is set at Rs 393 to Rs 414 per share, with a minimum lot size for an application of 36 shares. The minimum investment required by retail investors is Rs 14,904. For special Non-Institutional Investors (sNII), the minimum lot size is 14 lots (504 shares), amounting to Rs 208,656, and for big Non-Institutional Investors (bNII), it is 68 lots (2,448 shares), totaling Rs 1,013,472.
Jana SFB IPO GMP
As per various sources tracking grey market premium activities, Jana Small Finance Bank IPO shares are reportedly commanding a Grey Market Premium (GMP) in the price range of Rs 50 - Rs 60 in the unlisted market.
Established in July 2006, Jana Small Finance Bank Limited is a non-banking finance company primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans, and gold loans.
Step By Step Guide To Check Allotment Status
For those seeking information on the allotment status of Jana Small Finance Bank IPO on BSE,
--Open the official BSE website: bseindia.com/investors/appli_check.aspx.
--Choose the option for Jana Small Finance Bank Limited IPO
--Enter your application number, provide your PAN details
--Complete the captcha by clicking on 'I'm not a robot.'
Jana SFB offers a range of unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans. Axis Capital Limited, ICICI Securities Limited, and SBI Capital Markets Limited serve as the book running lead managers of the Jana SFB IPO, while Kfin Technologies Limited acts as the registrar for the issue.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)