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Jana Small Finance Bank Limited IPO (Jana SFB IPO)

As Jana Small Finance Bank Limited opens its doors for public subscription, investors are eager to explore the details and potential of this IPO. Let’s delve into the critical aspects, including IPO details, subscription status, financial performance, expert reviews, and more.

IPO Overview:

Jana SFB IPO is a book-built issue with a size of ₹570.00 crores.

Combination of a fresh issue of 1.12 crore shares (₹462.00 crores) and an offer for sale of 0.26 crore shares (₹108.00 crores).

IPO Schedule:

Opens for subscription on February 7, 2024, and closes on February 9, 2024.

Allotment expected on February 12, 2024.

Tentative listing date: February 14, 2024.

IPO Price Band:

Set at ₹393 to ₹414 per share.

Minimum lot size: 36 shares.

Retail investors require a minimum investment of ₹14,904.

ana SFB IPO Reservation

Jana SFB IPO offers 13,441,961 shares. 2,688,392 (20.00%) to QIB, 2,016,294 (15.00%) to NII, 4,704,687 (35.00%) to RII and 4,032,588 (30.00%) to Anchor investors. 130,685 RIIs will receive minimum 36 shares and 1,333 (sNII) and 2,667 (bNII) will receive minimum 504 shares. (in case of oversubscription)

Jana SFB IPO Subscription Status (Bidding Detail)

The Jana SFB IPO is subscribed 0.57 times on February 7, 2024 2:39:00 PM (Day 1). The public issue subscribed 0.91 times in the retail category, 0.00 times in the QIB category, and 0.48 times in the NII category.

Objects of the Issue:

Utilize net proceeds for augmenting Tier-1 capital and meeting future capital requirements.

Cover expenses related to the offer.

Expert Reviews:

Dilip Davda suggests the issue is reasonably priced based on FY24 earnings, recommending long-term investment.