Jana Small Finance Bank IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Jana Small Finance Bank IPO release date, IPO offer price, subscription, Jana SFB Bank Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Jana Small Finance Bank IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Jana SFB Bank Share Price – Live Performance |
Jana Small Finance Bank IPO – Summary
They are one of the leading Small Finance Banks of India in terms of assets under management and deposit size as at March 31, 2020.
They have the second most geographically diversified portfolio with a pan-India presence among all Small Finance Banks in India as at March 31, 2020.
As at February 28, 2021, they had 611 Branches, including 166 Branches in Unbanked Rural Centres, and 134 ATMs located in 229 districts in 19 states and three union territories. They have served over 8.00 million customers since 2008, including approximately 3.05 million active customers.
They were incorporated on July 24, 2006. Company got registered as an NBFC on March 4, 2008 and were awarded non-banking finance company-microfinance institution (“NBFC-MFI”) status on September 5, 2013.
Check out Related IPO Links:
Jana Small Finance Bank IPO Date
The opening and the closing date of the IPO of Jana Small Finance Bank Limited are not available yet.
Jana Small Finance Bank IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Jana SFB Bank IPO LIVE Subscription
- Jana SFB Bank IPO LIVE Bid details on BSE
- Jana SFB Bank IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Jana Small Finance Bank IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Jana Small Finance Bank IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Jana Small Finance Bank IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Jana Small Finance IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Jana SFB Bank IPO Share Offering
Net Offer: The Offer, less the Employee Reservation Portion
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
Offer for Sale: The offer for sale of up to 9,253,659 Equity Shares aggregating up to Rs.[●] million of the Offer
Jana SFB Bank IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Jana SFB Bank Share Price |
Jana Small Finance Bank IPO Grey Market Premium
The Jana Small Finance Bank Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Jana Small Finance Bank IPO – Company Overview
They started operating as a Small Finance Bank with effect from March 28, 2018 and became a Scheduled Commercial Bank on July 16, 2019.
Their primary unsecured loan products are group loans (loans are offered to a group of women as per the Joint Liability Group (“JLG”) model), agricultural and allied loans, and individual and micro business loans.
Their primary secured loan products are affordable housing loans, MSME loans, gold loans, loans against fixed deposits, term loans to NBFCs, twowheeler loans, and micro housing loans.
They have gained a deep understanding of the financial needs of the underbanked and underserved customers over the past 14 years.
Jana Small Finance Bank IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||||
| 30-Sept-20 | 30-Sept-19 | Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 1,53,500.01 | 1,12,728.00 | 1,41,471.21 | 94,462.91 | 97,487.85 |
| *Total Revenue | 13,345.17 | 10,865.29 | 24,247.66 | 13,682.68 | 15,970.49 |
| Total Expense | 12,520.82 | 11,418.73 | 23,946.34 | 33,173.34 | 41,008.44 |
| Profit After Tax |
824.35
|
(553.44) | 301.32 | (19,490.66) | (25,037.95) |
Earnings per Equity Share (in Million)
| 30-Sept-20 | 30-Sept-19 | Mar-20 | 31-Mar-19 | 31-Mar-18 |
|
| Basic | 16.25 | (11.74) | 6.21 | (471.84) | (787.88) |
| Diluted | 15.42 | (11.74) | 5.90 | (471.84) | (787.88) |
Jana Small Finance Bank IPO – Promoters
The Promoter of this company is:
- JANA CAPITAL LIMITED
- JANA HOLDINGS LIMITED
List of Related Parties (Key Managerial Personnel)
- Ramesh Ramanathan,Part-Time Chairman and Non-Executive Director
- Ajay Kanwal, Managing Director and Chief Executive Officer
- Vikram Gandhi, Non-Executive Independent Director
- Vijayalatha Reddy, Non-Executive Independent Director
- Ramalingam Ramaseshan,Non-Executive Independent Directo
Jana Small Finance Bank IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Jana Small Finance Bank IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Jana Small Finance Bank IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Jana Small Finance Bank IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Jana SFB Bank IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Unusual or Infrequent Events or Transactions
- Significant Economic Changes that Materially affect or are likely to affect Total Income
- Known Trends or Uncertainties
- Future Relationship between Cost and Revenue
- New Products or Business Segments
The relevant quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-18 | (787.88) | (787.88) | (164.32) | – |
| 31-Mar-19 | (787.88) | (471.84) | (294.92) | – |
| Mar-20 | 6.21 | 5.90 | 2.93 | 202.55 |
Jana SFB Bank IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Million) | |
| Jana Small Finance Bank | 10 | [●] | 6.21 | 2.93% | 24,247.66 |
| Listed Peers | |||||
| Equitas Small Finance Bank | 10 | 24.29 | 2.39 | 8.88% | 29,277.96 |
| Ujjivan Small Finance Bank Limited |
10 | 14.68 | 2.19 | 10.98% | 30,258.14 |
| CreditAccess Grameen Limited |
10 | 29.73 | 23.20 | 11.27% | 17,054.80 |
| Spandana Sphoorty Financial Limited |
10 | 10.51 | 56.21 | 13.38% | 14,695.06 |
| Bandhan Bank Limited | 10 | 18.78 | 18.78 | 19.90% | 30,237.37 |
| AU Small Finance Bank Limited |
10 | 53.68 | 22.78 | 15.42% | 49,919.76 |
Jana SFB Bank IPO Lead Managers
| Lead Managers |
| Axis Capital Limited ICICI Securities Limited*SBI Capital Markets Limited |
Jana Small Finance Bank IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited# Selenium, Tower B, Plot No. – 31 and 32 Financial District, Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: jana.ipo@kfintech.com Website: www.kfintech.com Investor grievance ID: einward.ris@kfintech.com Contact Person: M. Murali Krishna SEBI Registration Number: INR000000221 |
Jana Small Finance Bank IPO – Other Details
- Statutory Auditor – M/s MSKC & Associates, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Jana Small Finance Bank IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Jana Bank Limited IPO News
News 1 – Jana Small Finance Bank Limited IPO DRHP Download
News 2 – Jana Small Finance Bank IPO RHP Download
Jana Small Finance Bank IPO Review FAQs
What is the Issue Size of Jana SFB Bank IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the Offer for sale, and the net issue.
What is the Price band of Jana Small Finance Bank IPO?
The price band for this particular IPO, i.e. Jana Small Finance Bank IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Jana SFB Bank IPO Open Date?
The opening and closing dates for Jana Small Finance Bank IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Jana SFB IPO Allotment Date?
They also have the news regarding the respective allotment dates of Jana Small Finance Bank IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Jana SFB Bank IPO Listing Date?
Shares of Jana SFB Bank shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Jana SFB IPO?
One of the reputed registrars is managing the issue of Jana Small Finance Bank IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Jana SFB IPO?
Here are the promoters of Jana SFB Bank – JANA CAPITAL LIMITED AND JANA HOLDINGS LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Jana Small Finance Bank IPO?
They have obtained the GMP of Jana SFB Bank IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Jana SFB Bank IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Jana SFB Bank Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Million is 301.32, 2019 is (19,490.66), 2018 is (25,037.95). PAT from Sep 2020 is 824.35.
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