Jana Small Finance Bank IPO

Jana Small Finance Bank Limited

₹14,148 /36 sharesMinimum Investment

Jana Small Finance Bank IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹414.00₹396.00-₹18.00 (4.35%)
Jana Small Finance Bank IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
7 Feb ‘24 - 9 Feb ‘24₹14,14836₹393 - ₹414
Issue SizeIPO Doc
570.00CrRHP PDF
Subscription rate
Qualified Institutional Buyers38.75x
Non-Institutional Investor25.05x
Retail Individual Investor5.46x
Employees1.95x
Total18.5x
About the company
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
Strength and risksStrengths
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.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹393 - 414₹2 Lakh
Employee₹393 - 414₹2 Lakh
High Networth Individual₹393 - 414₹2 - 5 Lakh
For Jana Small Finance Bank IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹414.00	₹396.00	-₹18.00 (4.35%)

Bidding Dates	Min. Investment	Lot Size	Price Range
7 Feb ‘24 - 9 Feb ‘24	₹14,148	36	₹393 - ₹414

Issue Size	IPO Doc
570.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹393 - 414	₹2 Lakh
Employee	₹393 - 414	₹2 Lakh
High Networth Individual	₹393 - 414	₹2 - 5 Lakh

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Qualified Institutional Buyers	38.75x
Non-Institutional Investor	25.05x
Retail Individual Investor	5.46x
Employees	1.95x
Total	18.5x