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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Jana Small Finance Bank Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹414
Per ShareLot Size
36 Shares
Minimum Investment
₹14,904
Issue Size
₹570 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
0%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
25.23%
Issue Type
Book Building
ISIN
INE953L01027
Jana Small Finance Bank Limited is a small finance bank with its registered and corporate office in Bengaluru, Karnataka, India. As at September 30, 2023, the bank had 771 banking outlets in 22 states and two union territories. Its primary products are deposits (demand deposits, savings deposits and term deposits) and advances. The Bank offers secured loans, including micro loans against property, loans to micro, small and medium enterprises, affordable housing loans, term loans to non-banking finance companies, loans against fixed deposits, two-wheeler loans and gold loans, and unsecured loans, including individual and micro business loans, agricultural and allied loans, and loans offered to groups of women as per the joint liability group model.
SFBs offer basic banking services such as payment, accepting deposits and lending to the unserved and the underserved segments of the Indian economy, including small businesses, marginal farmers, micro and small industries, and the unorganized sector. SFBs are focused on serving the customers at the bottom of the pyramid to drive financial inclusion. The growth in the industry is illustrated by the exponential growth in both advances and deposits and is supported by the robust rural growth, new product offerings and associated cross-selling opportunities, which will drive the SFBs' market share to multi folds in the future.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 13,768,049# equity shares of face value of Rs. 10 each ("Equity Shares") of Jana Small Finance Bank Limited ("Bank" or "Issuer") for cash at a price of Rs. 414 per equity share (including a share premium of Rs. 404 per equity share) aggregating to Rs. 570.00# crores ("Offer") comprising of a fresh issue of 11,159,420# equity shares aggregating to Rs. 462.00#* crores (the "Fresh Issue") and an offer for sale of 2,608,629# equity shares aggregating to Rs. 108# crores (the "Offer for Sale"), comprising 906,277# equity shares aggregating to Rs. 37.52# crores by Client Rosehill Limited, 929,656# equity shares aggregating to Rs. 38.49# crores by cvcigp ii employee rosehill limited, 141,285# equity shares aggregating to Rs. 5.85# crores by global impact funds, s.c.a., sicar, sub-fund global financial inclusion fund, 413# equity shares aggregating to Rs. 0.02# crores by growth partnership ii Ajay Tandon co-investment trust, and 998# equity shares aggregating to Rs. 0.04# crores by growth partnership ii Siva Shankar co-investment trust, and 630,000# equity shares aggregating to Rs. 26.08# crores by Hero Enterprise Partner Ventures (the "Selling Shareholders" and such equity shares the "Offered Shares"). The offer included a reservation of 326,086# equity shares, aggregating to Rs. 13.50# crores (constituting 0.31% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 13.16% and 12.85%, respectively, of the post-offer paid-up equity share capital of he bank. *The bank, in consultation with the brlms, undertook a private placement of (i) 12,154,044 ccps (which were subsequently converted into 401,149 equity shares) at an issue price of Rs. 10 each aggregating to Rs. 12.15 crores ("pre-ipo ccps placement"); and (ii) 2,439,607 equity shares at an issue price of Rs. 414 each (including a premium of Rs. 404 per equity share) aggregating to Rs. 101 crores ("pre-ipo equity placement", and together with pre-ipo ccps placement, the "pre-ipo placement"). The size of the fresh issue has been adjusted to Rs. 462.00 crores. The bank had intimated the subscribers to the pre-ipo placement that the bank is contemplating the offer and that there is no guarantee that the bank may proceed with the offer, or that the offer may be successful and will result into listing of the equity shares on the stock exchanges, and the investment is being done solely at their own risk. #Subject to finalisation of basis of allotment The face value of equity shares is Rs. 10 each. The offer price is 41.40 times the face value of the equity shares.
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Live demand across investor categories.
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*Real-time data subject to exchange updates
The Bank was incorporated as `Janalakshmi Financial Services Private Limited' on July 24, 2006 at Bengaluru, Karnataka as a private limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Karnataka at Bengaluru ("RoC"). Janalakshmi Financial Services Private Limited, was granted a certificate of registration dated March 4, 2008 by Reserve Bank of India ("RBI") to commence the business of non-banking financial institution without accepting public deposits, and was converted into an NBFC-MFI with effect from September 5, 2013. Subsequently, pursuant to a Board resolution dated June 1, 2015 and a Shareholders' resolution dated June 29, 2015, the Bank was converted into a public limited company under the Companies Act, 1956 with effect from August 10, 2015, and the name of the Bank was changed from `Janalakshmi Financial Services Private Limited' to `Janalakshmi Financial Services Limited', and a fresh certificate of incorporation of the Bank was issued by the RoC under such name. Janalakshmi Financial Services Limited, was granted a fresh certificate of registration as a non-banking financial institution without accepting public deposits dated September 18, 2015 pursuant to such name change. The Bank, then known as Janalakshmi Financial Services Limited, was granted an in-principle approval by the RBI to convert into a small finance bank ("SFB") on October 7, 2015. Thereafter, the Bank received the final approval, dated April 28, 2017 from the RBI, to establish and carry on business as an SFB. Pursuant to resolutions passed by the Board and Shareholders on May 30, 2017 and January 12, 2018 respectively, the name of the Bank was changed from `Janalakshmi Financial Services Limited' to `Jana Small Finance Bank Limited', and a fresh certificate of incorporation dated January 29, 2018 was issued by the RoC consequent upon the change of name. the Bank commenced its business as an SFB with effect from March 28, 2018 and its name was included in the second schedule to the RBI Act pursuant to a notification dated July 16, 2019 issued by the RBI.
Individual and Groups of women
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
*Subject to approvals and market conditions.