Jana Small Finance Bank Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹393 - ₹414
- Lot size
- 36 shares
- Issue amount
- ₹570 cr
- Total subscription
- 19.19×
- Opens
- 7 Feb 2024
- Closes
- 9 Feb 2024
- Allotment
- 12 Feb 2024
- Listing
- 14 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 1,37,68,049 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,148
- Fresh issue
- ₹462 cr
- Offer for sale
- ₹108 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,904
- Issue type
- Book Built Issue IPO
- Shares before issue
- 9,34,30,855
- Shares after issue
- 10,45,90,275
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 36 | ₹14,904 |
| sHNI | 14 | 504 | ₹2,08,656 |
| bHNI | 68 | 2,448 | ₹10,13,472 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 111.3 | 4,431.09 |
| RETAIL | 194.77 | 1,109.68 |
| NIB | 83.47 | 2,181.41 |
| HNIs 2+ | 27.82 | 582.62 |
| HNIs 10+ | 55.65 | 1,598.79 |
| EMPLOYEES | 14.22 | 27.76 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|
| EPS | 47.47 | 3.44 | 14.25 |
| ROE | 16.78 | 1.53 | 6.51 |
| ROCE | 0 | 0 | 0 |
| RONW | 14.4 | 1.47 | 6.56 |
| PRE IPO(PE) | 0 | 15.11 | 0 |
| POST IPO(PE) | 0 | 10.15 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in July 2006, Jana Small Finance Bank has grown into a key player in the financial sector, offering a variety of services for individuals and businesses. Their loan offerings include MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans. Jana SFB also provides unsecured loans for various needs, including micro-businesses, agriculture, education, home improvements, and personal expenses. Their loan portfolio is structured into three categories, covering everything from school fees and debt consolidation to business growth. The bank is committed to digital banking, offering seamless mobile and internet banking services for both retail and corporate customers. Between March 31, 2021, and March 31, 2023, their secured advances nearly doubled, growing at an impressive 39.69% CAGR, reaching ₹99,047.54 million. With 754 banking outlets across 22 states and 2 union territories, including 272 branches in unbanked rural areas, Jana SFB has successfully reduced regional concentration risks. Since its launch, Jana SFB has served 12 million customers, with 4.57 million active customers as of March 31, 2023. Over the past three years, they have consistently expanded their customer base, adding 0.91 million, 0.51 million, and 0.08 million new customers annually. The bank’s success is driven by its dedicated team of 18,184 employees, committed to providing top-notch financial services and ensuring customer satisfaction.
Strengths
- A strong risk and governance framework ensures effective risk management and regulatory compliance, making the bank stable and reliable.
- As a fully digital bank , most services are available online, offering customers easy and convenient banking anytime, anywhere.
- A team of experienced professionals and leaders provides strategic direction, driving the bank’s growth and success.
- With over 16 years of experience , the bank has a customer-first approach , focusing on serving underbanked and underserved communities with tailored financial solutions.
- A strong brand presence across India helps the bank reach a wide customer base , strengthening its market position.
Risk factors
- The bank must follow RBI and SFB regulations regarding Equity Shares , which could limit its growth or expansion plans .
- It is regularly inspected by regulators like RBI, PFRDA, IRDA, and the National Pension System Trust . Failure to meet compliance standards could negatively impact its operations, finances, and cash flow .
Promoters
Jana Capital Limited
Jana Holdings Limited
Registrar & documents
Lead manager
Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
The Fairway Business Park, #10/1, 11/2, 12/2B, off Domlur, Koramangala Inner Ring Road, Next to EGL, Challaghatta, Bengaluru 560 071
+91 80 4602 0100
[email protected]Company website ↗Understanding JSFB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.