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Jana Small Finance Bank IPO

Open 7th Feb 2024 · Close 9th Feb 2024 · Listing 14th Feb 2024

Price Band₹393.00–₹414.00
Live GMP₹16.00
Subscription19.89×
Issue Size₹570.00 Cr
Allotment12th Feb 2024

At a glance

Updated 2026-08-24

Jana Small Finance Bank is a Mainboard IPO with an issue size of ₹570.00 crore, proposed for listing on BSE, NSE. The offer opens on 7th Feb 2024 and closes on 9th Feb 2024. The issue structure includes a fresh issue of ₹462.00 crore and an offer-for-sale component of ₹108.00 crore. The current listing schedule points to 14th Feb 2024.

Issue details

Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹570.00 Cr
Fresh issue₹462.00 Cr
Offer for sale₹108.00 Cr
Face value₹10
Price band₹393.00–₹414.00
Allotment12th Feb 2024
Listing14th Feb 2024

Grey market

GMP page ↗
Latest GMP₹16.00
GMP / upper price3.86%
Est. listing₹430.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens7th Feb 2024
Closes9th Feb 2024
Allotment12th Feb 2024
Refund13th Feb 2024
Demat13th Feb 2024
Listing14th Feb 2024

Subscription demand

Full bidding ↗
Total19.89×

Lot size

InvestorLotsSharesAmount
Minimum Bid136₹14,904

Company

Use of proceeds

ObjectAmount
For augmentation of our Bank’s Tier – 1 capital base₹426.48 Cr
Total₹426.48 Cr

31 Mar 2021

Assets19,078.66
Total Income2,720.74
Profit After Tax72.26
NET Worth1,100.77
Reserves and Surplus914.09
Total Borrowing4,815.32

31 Mar 2022

Assets20,188.71
Total Income3,062.37
Profit After Tax17.47
NET Worth1,184.56
Reserves and Surplus999.29
Total Borrowing4,509.83

31 Mar 2023

Assets25,643.69
Total Income3,699.88
Profit After Tax255.97
NET Worth1,777.07
Reserves and Surplus1,472.28
Total Borrowing6,277.46

30 Sep 2023

Assets28,105.87
Total Income2,215.57
Profit After Tax213.22
NET Worth2,547.11
Reserves and Surplus2,225.44
Total Borrowing5,313.54
Trend chart₹ crore

KPIs

KPI
ROE
Debt / Equity
RoNW
Price to Book Value

Valuation & shareholding

Pre-IPO EPS27.40
Post-IPO EPS40.77
Pre-IPO P/E15.11
Post-IPO P/E10.15
Promoter holding pre25.20%
Promoter holding post22.52%
Market cap₹4330.04 Cr.

Issue expenses

ExpenseAmount
BRLMs fees and commissions (including underwriting commission, brokerage and selling commission)₹19.69 Cr
Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Bank(s) for Bids made by RIBs using UPI₹0.19 Cr
Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs₹1.27 Cr
Fees payable to the Registrar to the Offer
Fees payable to the other advisors to the Offer - Auditors₹2.83 Cr
Fees payable to the other advisors to the Offer - Independent chartered accountant₹0.58 Cr
Fees payable to the other advisors to the Offer - Industry expert₹0.15 Cr
Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses₹3.54 Cr
Printing and stationery₹1.67 Cr
Advertising and marketing expenses₹1.91 Cr
Fees payable to legal counsels₹5.52 Cr
Miscellaneous₹4.69 Cr
Total₹42.05 Cr

Registrar & lead managers

Registrar

Kfin Technologies Ltd.

Lead managers

  • ICICI Securities Ltd.

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.