Jana Small Finance Bank IPO Complete Details

Jana Small Finance Bank IPO Details: Jana Small Finance Bank held its IPO from February 7-9, 2024 with shares priced between Rs393 and Rs414 and planning to raise up to Rs 575 crore via this issue.

Jana Small Finance Bank IPO Complete Details 1

Jana Small Finance Bank Details:

Jana Small Finance Bank in India is one of India’s premier microfinance institutions, established in April 2018 after receiving regulatory permission as one of ten non-bank financial companies (NBFCs) to become small finance banks and quickly opening for business as such in April itself.

Reserve Bank of India has granted licenses to 12 small finance institutions, among them Jana. Jana opened for business as a small finance bank on April 2018; deposits with them as of March 31 were estimated by Reuters as being Rs 16,334 crore

According to reports by them and other rivals such as AU Small Finance Bank, ESAF Small Finance Bank Suryoday Small Finance Bank Ujjivan Small Finance Bank Equitas Small Finance Bank respectively compared with 3.9% greater gross nonperforming assets overall!
Bank provides both secured and unsecured loans to individuals, such as loans for two-wheelers, microloans, gold loans and agriculture-related industries loans.

About 44 percent of their portfolio consists of microloans. Furthermore, it serves as merchant purchasing partner to independent life and general insurers while offering group loans as part of its services.

Firm is currently involved in criminal and tax legal processes that could negatively impact its operations, while loans provided may also be unsecure. Further complications could also arise should debt transfer occur between banks or financial organizations.

Financials:

MetricValue
Total Operating Income (Crore)693.71
Net Profit (Crore)5.41
Gross Advances (Crore)36,102.69
Deposits (Crore)35,188.57
Capital Adequacy Ratio (%)22.36
Non-Performing Assets Ratio (%)1.32

Pro And Cons:

ProsCons
Strong focus on MSMEs: Caters to a high-growth, underbanked sector with tailored products and services.Short track record: Compared to established players, has less experience as a bank.
Growth potential: Demonstrated strong recent growth in advances and deposits.Rural exposure: Higher exposure to potentially volatile rural markets.
Experienced management team: Led by a team with extensive financial services experience.Higher credit costs: Credit costs slightly higher than some peers, impacting profitability if not managed well.
Healthy financial ratios: Above-requirement CAR and low NPA ratio indicate good asset quality.Valuation concerns: Some analysts consider the IPO valuation potentially high for its limited track record.
Digitization: Offers a range of digital banking services, appealing to tech-savvy customers and improving efficiency.Competition: Increasing competition in the small finance banking sector puts pressure on growth prospects.

Objects of the Issue:

As part of its future capital needs, the Bank plans to use the proceeds from this Fresh Issue to strengthen Tier-1 capital basis, paying associated Offer costs as well as listing equity shares on stock exchanges. Listing equity shares is expected to bring other benefits.

Jana Small Finance Bank IPO Important Dates:

EventDate
Anchor Investors AllotmentFebruary 6, 2024
IPO Open DateFebruary 7, 2024
IPO Close DateFebruary 9, 2024
Basis of AllotmentFebruary 12, 2024
RefundsFebruary 13, 2024
Credit to Demat AccountFebruary 13, 2024
IPO Listing DateFebruary 14, 2024

Jana Small Finance Bank IPO Date and Price Band Details:

DetailInformation
IPO Dates
Open DateFebruary 7, 2024
Close DateFebruary 9, 2024
Issue Details
SizeApprox ₹570 Crores
Fresh IssueApprox ₹462 Crores
Offer for SaleApprox 2,608,629 Shares
Face Value₹10 Per Equity Share
Price Band₹393 to ₹414 Per Share
ListingBSE & NSE
Distribution
Retail Quota35%
QIB Quota50%
NII Quota15%
Additional Information
DiscountN/A
DRHP Draft ProspectusClick Here

Jana Small Finance Bank IPO Market Lot Size:

ApplicationLot SizeSharesAmount
Retail Minimum136₹14,904
Retail Maximum13468₹193,752
S-HNI Minimum14504₹208,656
B-HNI Minimum682448₹1,013,472

Jana Small Finance Bank Financial Report:

Company Performance202120222023Sep 2023
Revenue₹2720.74₹3062.37₹3699.88₹2215.57
Expense₹2648.48₹3044.89₹3443.90₹2002.35
PAT(Profit after Tax)₹72.26₹17.47₹255.97₹213.22

Jana Small Finance Bank Address and other details:

CategoryDetails
Peer GroupAU Small Finance Bank Limited
Suryoday Small Finance Bank Limited
Credit Access Grameen Limited
Spandana Sphoorty Financial Limited
Bandhan Bank Limited
Ujjivan Small Finance Bank Limited
Equitas Small Finance Bank Limited
Fusion Micro Finance Limited
Utkarsh Small Finance Bank Limited
Company PromotersJana Capital Limited
Jana Holdings Limited
Jana Small Finance Bank IPO RegistrarKfin Technologies Limited
Registrar Contact InformationPhone: 04067162222, 04079611000
Email: [email protected]
Website: Kfin Technologies IPO Status
IPO Allotment Status CheckCheck Jana Small Finance Bank IPO allotment status on Kfin Technologies website allotment URL. Click Here
Lead Managers (Merchant Bankers)Axis Capital Limited
ICICI Securities Limited
SBI Capital Markets Limited
Company AddressJana Small Finance Bank Limited
The Fairway Business Park, #10/1, 11/2, 12/2B,
off Domlur, Koramangala Inner Ring Road,
Next to EGL, Challaghatta, Bengaluru 560 071
Contact InformationPhone: +91 80 4602 0100
Email: [email protected]
Website: Jana Small Finance Bank

Frequently asked question by investors:

When Jana Small Finance Bank IPO will open?

This initial public offering (IPO) will open to QIB, NII and Retail investors on February 7th 2024.

What is Jana Small Finance Bank IPO Investors Portion?

For QIB, the investors contribute 50%, NII 15%, and Retail 35%.

What is Jana Small Finance Bank IPO Size?

The IPO amount for Jana Small Finance Bank is ₹570 crores.

What is Jana Small Finance Bank IPO Price Band?

The IPO price range for Jana Small Finance Bank is ₹393 to ₹414.

What is Jana Small Finance Bank IPO Minimum and Maximum Lot Size?

Minimum Bid Amount Is Rs14,904, Maximum Bid is 2412 Shares worth Rs998,568.

What is the Jana Small Finance Bank IPO Allotment Date?

The IPO allocation date for Jana Small Finance Bank is February 12, 2024.

What is the Jana Small Finance Bank IPO Listing Date?

The IPO listing date of Jana Small Finance Bank is set for February 14, 2024. The BSE and NSE will list the IPO.

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