Jana Small Finance Bank IPO
Read all details of Jana Small Finance Bank IPO here!
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Read all details of Jana Small Finance Bank IPO here!
Overview of Jana Small Finance Bank IPO
IPO Date
7-Feb-2024 to 9-Feb-2024
Face Value
₹10 per share
Price Band
₹393 to ₹414
Lot Size
36 Share
Issue Size
13,768,049 shares (aggregating up to ₹570.00 Cr)
Listing At
BSE, NSE
Basis of Allotment
12-Feb-2024
Initiation of Refunds
13-Feb-2024
Credit of Shares to Demat
13-Feb-2024
Listing Date
14-Feb-2024
Cut off time for UPI Mandate
9-Feb-2024
Objective of Jana Small Finance Bank IPO
Jana Small Finance Bank is a Mainboard IPO with a book-built issue of Rs. 570 crores, a fresh issue of Rs. 462 Cr. and an offer for sale of Rs. 108 Cr. The IPO will open from 7th February to 9th February 2024, allotment is expected to be done on 12th February, and it will be listed on BSE and NSE on 14th February 2024. The price band is ₹393 to ₹414 per share, with a minimum lot size of 36 shares, and a minimum investment amount of ₹14,904. The book-running lead managers are Axis Capital, ICICI Securities, and SBI Capital Markets. Kfin Technologies Limited is the registrar for the issue.
The objective of the IPO is to augment the Bank’s Tier-1 capital base to meet its future capital requirements. The net proceeds from the fresh issue will help to improve the Tier-1 capital and CRAR. Proceeds from the Fresh Issue will also be used towards meeting the expenses of the Offer.
About Jana Small Finance Bank IPO
Jana Small Finance Bank is the fourth largest small finance bank in terms of AUM and deposits as of Sept’23. They have 771 banking outlets across 22 states and 2 union territories. The top three states where the bank has operations are Maharashtra, Karnataka, and Tamil Nadu. The bank has served nearly 12 million customers since 2008 and has an active customer base of 4.9 million as of Sept’23. The loan products offered by banks are Individual and micro business loans, agricultural and allied loans, MSME loans, affordable housing loans, etc. As of Sept’23, the bank has an AUM of Rs. 23029.5 Cr. which is a jump of 35.02% YoY. The AUM has grown at 25.5% CAGR between March’21 and March’23. As of Sept’23, the bank has a GNPA of 2.44% and NNPA of 0.87%.
Jana Small Finance Bank IPO Financials
Particulars (in Cr) | H1 FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Net Profit Annual | 213 | 256 | 17 | 72 |
Interest Earned | 1,864 | 3,075 | 2,727 | 2,498 |
Interest Expended | 876 | 1,415 | 1,337 | 1,235 |
Net Interest Income | 988 | 1,660 | 1,390 | 1,263 |
Operating Expense | 783 | 1,285 | 1,139 | 1,047 |
Pre Provisioning Operating Profit | 556 | 1,000 | 587 | 439 |
Provision And Contingencies | 343 | 744 | 569 | 367 |
Total Asset Annual | 28,106 | 25,644 | 20,189 | 19,079 |
Deposits | 18,937 | 16,334 | 13,536 | 12,316 |
Borrowings | 5,314 | 6,277 | 4,510 | 4,815 |
Advances | 21,009 | 17,760 | 13,007 | 11,600 |
Investments | 5,509 | 5,221 | 5,065 | 4,698 |
Book Value Per Share | 272.6 | 190.2 | 126.8 | 117.8 |
ROA | 1.6% | 1.1% | 0.1% | 0.5% |
ROE | 19.6% | 16.8% | 1.5% | 6.5% |
NIM | 7.8% | 7.7% | 7.3% | 8.4% |
GNPA | 2.4% | 3.9% | 5.7% | 7.3% |
NNPA | 0.9% | 2.6% | 4.0% | 5.3% |
Promoter's Holding
Total Share Capital
Offered to Public
Promoter’s Holding(Pre-Issue)
Promoter’s Holding(Post-Issue)
The following points should be kept in mind:
The Jana Bank IPO opens to the public on 7th February, 2023.
The total size of the IPO is ₹570.00 Cr. It has a price band at Rs 393-414 per share for its upcoming IPO.
Jana Small Finance Bank has 611 Branches, including 166 Branches in Unbanked Rural Centres, and 134 ATMs located in 20 states and three union territories across India. The small finance bank has served over 8 million customers since 2008, including approximately 3.05 million active customers.
Jana Small Finance Bank's FDs are quite popular and are growing in the market. Regular Fixed Deposit ensures that your earnings grow steadily and effortlessly. Its key features like attractive interest rates and multiple interest payout options make it the ideal investment for your hard-earned money.
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