February 7, 2024 - February 9, 2024

Jana SFB IPO Review & Recommendations

BP Equities (BP Wealth), Dilip Davda, Geojit Securities Ltd, Indsec Securities and Ventura Securities Limited have given "Apply" recommendation to Jana SFB IPO. Capital Market has given "May Apply" recommendation to Jana SFB IPO. SMC Global has "Neutral" view about the IPO.

Jana SFB IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	5	1	1	0	0
%	71.43	14.29	14.29	0.00	0.00

Jana SFB IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
BP Equities (BP Wealth)	Apply
Capital Market	May Apply
Dilip Davda	Apply
Geojit Securities Ltd	Apply
Indsec Securities	Apply
SMC Global	Neutral
Ventura Securities Limited	Apply

Jana SFB IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Jana SFB IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Jana SFB IPO Review by Dilip Davda (Apply)

[Dilip Davda] This SFB is the fourth largest financial service provider in India and has posted remarkable growth in its performance. No doubt, it marked a setback in margins for FY22 in line with general trends for the industry on account of the Pandemic. Based on annualized FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards. Read detail review...

Jana Small Finance Bank IPO Peer Comparison

Jana Small Finance Bank Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Jana Small Finance Bank Limited	47.47	42.64	323.23		14.40
Au Small Finance Bank Ltd	21.86	21.74	164.64	35.47	13.00	4.71	Consolidated
Suryoday Small Finance Bank Limited	7.32	7.32	149.28	24.21	4.90	1.19	Consolidated
Creditaccess Grameen Ltd	52.04	51.82	326.89	32.66	16.18	5.20	Consolidated
Spandana Sphoorty Financial Ltd	1.74	1.74	436.58	665.52	0.40	2.65	Consolidated
Bandhan Bank Ltd	13.62	13.62	121.58	16.87	11.21	1.89	Consolidated
Ujjivan Financial Services Ltd	5.88	5.87	21.27	10.15	26.45	2.81	Consolidated
Equitas Small Finance Bank Limited	4.71	4.67	46.44	24.21	11.12	2.46	Consolidated
Fusion Micro Finance Ltd	43.29	43.13	230.74	14.68	16.67	2.75	Consolidated
Utkarsh Small Finance Bank Limited	4.52	4.51	22.33	13.51	20.22	2.73	Consolidated

Notes:

All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports/ financial results as available of the respective company for the year ended March 31, 2023 submitted to stock exchanges.
P/E ratio is calculated as closing share price (January 16, 2024 - BSE) / Basic EPS for the year ended March 31, 2023.
Basic and diluted EPS as reported in the relevant financial results of the respective company for the year ended March 31, 2023.
Return on net worth (%) = Net profit/(loss) after tax / Net worth at the end of the year.
Net asset value per share (in ₹) = Net worth at the end of the year / Total number of equity shares outstanding at the end of the year.
P/B Ratio is calculated as closing share price as at January 16, 2024 at BSE divided by Net Asset Value per equity share.

Jana SFB IPO Review by Members

Jana SFB IPO Reviews, analysis and views by popular members. Read Jana Small Finance Bank Limited IPO reviews by retail investors to find recommended ipo to buy.

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Jana SFB IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	1
%	50.00	0.00	0.00	50.00

Member	Review
Architbhai	Avoid better alternatives available February 8, 2024 6:51:49 PM
Ipobegains	Apply for Listing Gain at Upper Price Band LOWER P/E AND GOOD FINANCIAL February 3, 2024 3:50:28 PM

Member

Review

Architbhai

Avoid

better alternatives available

February 8, 2024 6:51:49 PM

Ipobegains

Apply for Listing Gain at Upper Price Band

LOWER P/E AND GOOD FINANCIAL

February 3, 2024 3:50:28 PM

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