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Jana SFB IPO is a book built issue of Rs 570.00 crores. The issue is a combination of fresh issue of 1.12 crore shares aggregating to Rs 462.00 crores and offer for sale of 0.26 crore shares aggregating to Rs 108.00 crores.
Jana SFB IPO bidding started from February 7, 2024 and ended on February 9, 2024. The allotment for Jana SFB IPO was finalized on Monday, February 12, 2024. The shares got listed on BSE, NSE on February 14, 2024.
Jana SFB IPO price band is set at ₹393 to ₹414 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (504 shares), amounting to ₹208,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹1,013,472.
Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Jana SFB IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Jana SFB IPO RHP for detailed information.
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | February 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹393 to ₹414 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 13,768,049 shares (aggregating up to ₹570.00 Cr) |
| Fresh Issue | 11,159,420 shares (aggregating up to ₹462.00 Cr) |
| Offer for Sale | 2,608,629 shares of ₹10 (aggregating up to ₹108.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,430,855 |
| Share holding post issue | 104,590,275 |
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)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,032,588 (30.00%) | NA |
| QIB Shares Offered | 2,688,392 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,016,294 (15.00%) | |
| bNII > ₹10L | 1,344,196 (10.00%) | 2,667 |
| sNII < ₹10L | 672,099 (5.00%) | 1,333 |
| Retail Shares Offered | 4,704,687 (35.00%) | 130,685 |
| Total Shares Offered | 13,441,961 (100%) |
Jana SFB IPO raises Rs 166.95 crore from anchor investors. Jana SFB IPO Anchor bid date is February 6, 2024. Jana SFB IPO Anchor Investors list
| Bid Date | February 6, 2024 |
| Shares Offered | 4,032,588 |
| Anchor Portion Size (In Cr.) | 166.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2024 |
Jana SFB IPO opens on February 7, 2024, and closes on February 9, 2024.
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 9, 2024 |
Investors can bid for a minimum of 36 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹193,752 |
| S-HNI (Min) | 14 | 504 | ₹208,656 |
| S-HNI (Max) | 67 | 2,412 | ₹998,568 |
| B-HNI (Min) | 68 | 2,448 | ₹1,013,472 |
| Lot Size Calculator | |||
The Promoters of the company are Jana Capital Limited and Jana Holdings Limited.
| Share Holding Pre Issue | 25.20% |
| Share Holding Post Issue |
Incorporated in July 2006, Jana Small Finance Bank Limited is a non-banking finance company primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
Jana SFB offers various unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans.
The bank classifies loans into three categories:
(i) individual loans for home improvement/repair,
(ii) individual loans for school fees, and
(iii) individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.
The company provides digital products, services, and platforms, such as mobile and internet banking for both retail and corporate clients. Between March 31, 2021 and March 31, 2023, the bank's gross secured advances increased from ₹50,760.00 million to ₹99,047.54 million, representing a compound annual growth rate (CAGR) of 39.69%.
As of March 31, 2023, Jana SFB had 754 banking outlets across 22 states and two union territories, including 272 in unbanked rural centers. This pan-India presence has helped the bank to reduce its concentration risk.
The bank has provided services to almost 12 million customers since 2008. As of March 31, 2023, there are 4.57 million active customers. In the last three fiscal years, the bank has added 0.91 million, 0.51 million, and 0.08 million new customers, respectively.
As of March 31, 2023, Jana SFB had a total of 18,184 permanent employees.
Jana Small Finance Bank Limited's revenue increased by 20.82% and profit after tax (PAT) rose by 1365.12% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 28,105.87 | 25,643.69 | 20,188.71 | 19,078.66 |
| Revenue | 2,215.57 | 3,699.88 | 3,062.37 | 2,720.74 |
| Profit After Tax | 213.22 | 255.97 | 17.47 | 72.26 |
| Net Worth | 2,547.11 | 1,777.07 | 1,184.56 | 1,100.77 |
| Reserves and Surplus | 2,225.44 | 1,472.28 | 999.29 | 914.09 |
| Total Borrowing | 5,313.54 | 6,277.46 | 4,509.83 | 4,815.32 |
| Amount in ₹ Crore | ||||
The market capitalization of Jana SFB IPO is Rs 4330.04 Cr.
| KPI | Values |
|---|---|
| ROE | 16.78% |
| Debt/Equity | 3.49 |
| RoNW | 14.40% |
| P/BV | 1.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 27.4 | 40.77 |
| P/E (x) | 15.11 | 10.15 |
The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank's Tier - 1 capital base to meet the Bank's future capital requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
[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...
The Jana SFB IPO is subscribed 19.89 times on February 9, 2024 5:59:00 PM. The public issue subscribed 5.70 times in the retail category, 39.81 times in the QIB category, and 26.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 39.81 |
| NII | 26.13 |
| bNII (bids above ₹10L) | 28.73 |
| sNII (bids below ₹10L) | 20.94 |
| Retail | 5.70 |
| Total | 19.89 |
Total Application : 702,847 (5.38 times)
| Listing Date | February 14, 2024 |
| BSE Script Code | 544118 |
| NSE Symbol | JSFB |
| ISIN | INE953L01027 |
| Final Issue Price | ₹414 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹414.00 |
| ₹396.00 |
| ₹365.00 |
| ₹408.80 |
| ₹368.20 |
| NSE |
|---|
| ₹414.00 |
| ₹396.00 |
| ₹365.00 |
| ₹409.00 |
| ₹368.15 |
Jana 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
Phone: +91 80 4602 0100
Email: investor.grievance@janabank.com
Website: https://www.janabank.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jana.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Jana SFB IPO is a main-board IPO of 13,768,049 equity shares of the face value of ₹10 aggregating up to ₹570.00 Crores. The issue is priced at ₹393 to ₹414 per share. The minimum order quantity is 36 Shares.
The IPO opens on February 7, 2024, and closes on February 9, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jana SFB IPO using UPI as a payment gateway. Zerodha customers can apply in Jana SFB IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jana SFB IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jana SFB IPO opens on February 7, 2024 and closes on February 9, 2024.
Jana SFB IPO lot size is 36 Shares, and the minimum amount required is ₹14,904.
You can apply in Jana SFB IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jana SFB IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 13, 2024. Check the Jana SFB IPO allotment status.
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Should give a decent up move in the next few days 🤞