Jana Small Finance Bank IPO

Jana Small Finance Bank Limited

₹14,148 /36 sharesMinimum Investment

Jana Small Finance Bank IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Feb ‘24 - 9 Feb ‘24₹14,14836₹393 - ₹414
Issue SizeIPO Doc
570.00Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers38.75x
Non-Institutional Investor25.05x
Retail Individual Investor5.46x
Employees1.95x
Total18.50x

About Jana Small Finance Bank

Jana Small Finance Bank's is a non-banking finance company (NBFC) and a non-banking finance company-microfinance institution (NBFC-MFI). It got the status of Scheduled Commercial Bank in 2019. The bank's product portfolio includes secured loan products like business loans, micro loans against property ("Micro LAP"), MSME loans, affordable housing loans, term loans for NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans. Additionally, Jana Small Finance Bank offers unsecured loan products, catering to individual and micro-business needs, agricultural and allied loans, and group loans tailored especially for women through Joint Liability Groups.;
Founded in
2006
Managing director
Mr. Ajay Kanwal
Parent organisation
Jana Small Finance Bank Limited

Strengths & Financials of Jana Small Finance Bank

Strengths
Risks
Jana Small Finance Bank has been operating since March 2018. Formerly an NBFC, it now offers a diverse range of deposit products, including current accounts, savings accounts, recurring deposits, and term deposits with competitive interest rates.
From March 31, 2021, to September 30, 2023, the bank experienced substantial deposit growth, reaching Rs. 18,936.724 crore by September 2023. This represents a CAGR of 15.16%, making it one of the top four Small Finance Banks in India in terms of deposit size.
The bank's deposits increased from nil in March 2018 to Rs. 18,936.72 crore by September 2023. Gross advances rose from Rs. 11,838.98 crore (March 31, 2021) to Rs. 21,347.13 crore (September 30, 2023), showcasing a CAGR of 23.31%.
In 2019, Jana Small Finance Bank introduced affordable housing loans, secured business loans, loans against fixed deposits, and two-wheeler loans. Gross secured advances surged from Rs. 5,076 crore (March 31, 2021) to Rs. 9,904.75 crore (March 31, 2023), boasting a CAGR of 39.69%.
The bank has established a pan-India presence with 771 banking outlets across 22 states and two union territories, including 278 outlets in unbanked rural centres.

Jana Small Finance Bank Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Jana Small Finance Bank IPO

Apply asPrice bandApply upto
Regular393 - 414₹2 Lakh
Employee393 - 414₹2 Lakh
High Networth Individual393 - 414₹2 - 5 Lakh
For Jana Small Finance Bank IPO, eligible investors can apply as Regular & Employee.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.6.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW