Jana Small Finance Bank’s IPO, as of February 6, 2024, carries a Grey Market Premium (GMP) of Rs 66. The bank aims to raise ₹570 crore, with ₹462 crore from new share issuance and ₹108 crore through the Offer for Sale (OFS) method. The IPO price range is set at ₹393 to ₹414 per equity share, and the subscription window is from February 7 to February 9, 2024. Each IPO lot comprises 36 company shares.
Jana Small Finance Bank IPO GMP Today
Jana Small Finance Bank IPO’s Grey Market Premium (GMP) is currently Rs 66, based on the latest update on February 6, 2024.
Jana Small Finance Bank IPO Price Band
With the IPO, Jana Small Finance Bank intends to gather ₹570 crore, of which ₹462 crore will be raised through the issuance of new shares and the remaining ₹108 crore via the Offer for Sale (OFS) method.
Jana Small Finance Bank IPO Price Range
Jana Small Finance Bank IPO price range has been set at ₹393 to ₹414 for each equity share by the financial institution.
Jana Small Finance Bank IPO Date
The initial public offering (IPO) of Jana Small Finance Bank is scheduled to be open for subscription from February 7 to February 9, 2024.
Jana Small Finance Bank IPO lot size
Investors can apply for the IPO in lots, where each lot will consist of 36 company shares.
About Jana Small Finance Bank
Jana Small Finance ranked fourth in the Small Finance Bank AUM. It has operated 771 branches across 22 states and two union territories since its establishment in 2008. With 12 million customers served and 4.87 million active as of September 30, 2023, they excel at understanding the financial needs of the underbanked and enhancing experiences through digital initiatives.
Their offerings encompass secured loans like business, property, MSME, housing, and gold loans, alongside unsecured options like individual, micro-business, agricultural, and women-empowering group loans via the Joint Liability Group model.
How To Apply For The Jana Small Finance Bank IPO?
To apply for the Jana Small Finance Bank IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Jana Small Finance Bank on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
After the allotment process, check your allotment status to verify share allocation. Applying for the Jana Small Finance Bank IPO with Alice Blue is quick and straightforward!