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JANA SMALL FINANCE BANK IPOJANA SMALL FINANCE BANK IPO GMP, Details to watch, Guidance & Subscription Status @ Chanakyanipothi.com
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Table of Contents

  • GMP
  • Reviews
  • Subscription
  • Allotment

JANA SMALL FINANCE BANK IPO Listing Review
The scrip on 14th February, is listed at Rs. 396, compared to the Issue-price of Rs. 414, The listing is at a discount of 4.35%. The listing has been disappointment to the investors as well as grey market players. Even Investors with solid names could not bring positive listing.

JANA SMALL FINANCE BANK Anchor Investors
Subscription to Anchor portion will open on 6th February 2024. Will provide detailed list very soon.

What is the last GMP of JANA SMALL FINANCE BANK IPO?
Premium: Rs. 16
Small Subject to 400
Big Subject to Rs. 5600

What is the Subscription Status of JANA SMALL FINANCE BANK IPO? 
On 9 February 2024 2.00 pm (Day 3) (Closed)
Review: Not so impressive subscription
QIB:              2762350  Shares    38.75 T
NII(10L+):    1402084  Shares    27.54 T
NII (<10L)      701043  Shares    20.07 T
NII (Total)    2103127  Shares    25.05 T

RII:               4907296  Shares      5.46
T
Emp:              343511  Shares      1.95 T

Total:          10116284 Shares   18.50 T

Who are the promoters of JANA SMALL FINANCE BANK IPO? 
JANA CAPITAL LIMITED AND JANA HOLDINGS LIMITED are the promoters of the Bank.

What is the business of JANA SMALL FINANCE BANK ?

JANA SMALL FINANCE BANK is the fourth largest Small Finance Bank in terms of AUM and the fourth largest Small Finance Bank in terms of deposit size as at March 31, 2023. As of March 31, 2023, it had 754 banking outlets, including 272 banking outlets in unbanked rural centers, in 22 states and two union territories. It has served nearly 12 million customers since 2008, including 4.57 million active customers as of March 31, 2023.
It was incorporated on July 24, 2006, registered as a non-banking finance company (“NBFC”) on March 4, 2008, and it was awarded non-banking finance company-microfinance institution (“NBFC-MFI”) status on September 5, 2013. It started operating as a Small Finance Bank with effect from March 28, 2018, and became a Scheduled Commercial Bank on July 16, 2019.
it has gained a deep understanding of the financial needs of underbanked and underserved customers over the past 16 years.
Its primary secured loan products are secured business loans, micro loans against property (“Micro LAP”), MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans. Its primary unsecured loan products are individual and micro business loans, agricultural and allied loans, and group loans. It gross advances has increased from Rs. 118,389.82 million as of March 31, 2021, to Rs.180,007.41 million as of March 31, 2023, representing a CAGR of 23.31%.
Its deposits have increased from Rs.123,162.58 million as of March 31, 2021, to Rs.163,340.16 million.
as of March 31, 2023, representing a CAGR of 15.16%. it was among the top four Small Finance Banks in India in terms of deposit size as at March 31, 2023.

The bank is also a corporate agent for third-party life insurance products, general (non-life) insurance products and health insurance products, including COVID-19 insurance products. It also offers Point of Sales (“POS”) terminals and payment gateway services through our merchant acquiring partners.
In addition to delivering its products and services through banking outlets and ATMs, it delivers its products and services through business correspondents, ATM cum debit cards, mobile banking platforms, internet banking portals and SMS alerts.

For more information, click www.janabank.com

What is the Object of JANA SMALL FINANCE BANK IPO?
The Offer comprises of the Fresh Issue and the Offer for Sale.

The Net Proceeds are proposed to be utilised towards augmentation of the Bank’s Tier – 1 capital base to meet the Bank’s future capital requirements such as organic growth and expansion and to comply with the regulatory requirements for enhanced capital base, as may be prescribed by the RBI from time to time.

JANA SMALL FINANCE BANK IPO GMP, Particulars & Guidance

JANA SMALL FINANCE BANK IPO Details 
IPO opens on  7 February 2024 
IPO closes on  9 February 2024 
Issue Type Book Built Issue IPO
Issue Size 13768049 Sh /Rs 570 Cr
* Fresh Issue 11159420 Sh /Rs 462 Cr
* Offer for Sale    2608629 Sh /Rs 108 Cr
   
Face Value per share: Rs. 10
Price Band  Rs. 393-414
Retail Discount  Rs 0 per share
Employee discount  Rs. 0 per share
Retail Lot Size  36 Shares
Listing will at  BSE, NSE
Shares offered in JANA SMALL FINANCE BANK ? Shares Rs. in Cr
QIB (50 %)  6720981 278.25
NII (15 %)  2016294   83.47
RII (35 %)  4704687 194.78
Employees   326087   13.50
Total Shares  13768049 570.00
Retail portion will be oversubscribed by  130686 Forms.
How to apply in JANA SMALL FINANCE BANK IPO? Amount Rs.
Min Retail Application     36 Sh     14904
Max Retail Application    468 Sh   193752
Small HNI (Min) application    504 Sh   208656
Small HNI (Max) application 2412 Sh   998568
Big HNI Application 2448 Sh 1013472

What is the timetable of JANA SMALL FINANCE BANK IPO?
IPO opens on   7 February 2024
IPO Closes on   9 February 2024
IPO Allotment on  12 February 2024
Unblocking of ASBA  13 February 2024
Credit of Shares 13 February 2024
Listing on 14 February 2024
Registered Office of JANA SMALL FINANCE BANK
The Fairway Business Park, #10/1, 11/2,
12/2B, off Domlur, Koramangala Inner
Ring Road, Next to EGL, Challaghatta,
Bengaluru 560 071, Karnataka, India
Who are the Lead Managers of JANA SMALL FINANCE BANK IPO?
Axis Capital Limited
ICICI Securities Limited
SBI Capital Markets Limited
Registrar to IPO
KFin Technologies Limited

JANA SMALL FINANCE BANK IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoNW
  Rs. in Cr Rs.in Cr Rs. %
2020-21 2720.74 72.26 14.25 6.56
2021-22 3044.89 17.47 3.44 1.47
2022-23  3443.90 255.97 47.47 14.40
Book Value of the Share on 31.03.2023 Rs. 323.23    
BV of the Share after the FPO Rs. ?    
Offer Price at Cap Rs.  414    
JANA SMALL FINANCE BANK IPO
Ratio Analysis
Price /EPS 8.72
Price/Book Value Ratio 1.28
Price/BV after IPO  ?

How JANA SMALL FINANCE BANK IPO compares with the Peers?
Peer Comparison.

As on date of RHP Total Income  Face  PE
    Value Ratio of
  Rs. In Cr Rs  
Jana Small Finance B 3700 10 8.72
AU Small Finance Bank 9240 10 31.55
Suryodaya SFB 1281 10 23.97
Credit Access Grameen 3551 10 21.84
Spandana Spooty 1477 10 16.43
Bandhan Bank 18373 10 17.35

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

JANA SMALL FINANCE BANK IPO Guidance
India with its vast population of self-employed people is one of the largest markets for small finance banks. JANA SMALL FINANCE BANK is the fourth largest Small Finance Bank in terms of AUM and the fourth largest Small Finance Bank in terms of deposit size as of March 31, 2023. As of March 31, 2023, it had 754 banking outlets, including 272 banking outlets in unbanked rural centers, in 22 states and two union territories. It has served nearly 12 million customers since 2008, including 4.57 million active customers as of March 31, 2023.
The bank is also a corporate agent for third-party life insurance products, general (non-life) insurance products and health insurance products.
Lets check how the bank compared with its peers. IPO size of Rs. 570 Cr. not very large. The shares are offered at very very reasonable valuation and leaves room for strong listing gains as well as long term returns to its investors. Must Apply IPO.

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JANA SMALL FINANCE BANK IPO GMP

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JANA SMALL FINANCE BANK IPO GMP today IPO Details, Guidance & Subscription Status

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