Jana Small Finance Bank Limited IPO

Jana Small Finance Bank Limited IPO

Jana Small Finance Bank Limited is an Indian financial institution that primarily focuses on providing banking services to underserved and unbanked sections of society, including small businesses and individuals in rural and semi-urban areas. Formerly known as Janalakshmi Financial Services, it received its banking license from the Reserve Bank of India (RBI) in April 2017 and transitioned into a small finance bank.

Here are some key points about Jana Small Finance Bank Limited:

History: The institution was founded in 2006 by Ramesh Ramanathan as Janalakshmi Financial Services. It started as a microfinance institution (MFI) providing financial services to the urban and rural poor in India.

Transition to Bank: In 2017, Janalakshmi Financial Services converted into a small finance bank under the name Jana Small Finance Bank Limited. This transition allowed it to offer a broader range of banking services beyond microfinance.

Products and Services: Jana Small Finance Bank offers various banking products and services, including savings accounts, current accounts, fixed deposits, loans, and other financial services tailored to meet the needs of its target customer base.

Geographical Presence: The bank has a significant presence in rural and semi-urban areas across India, aiming to serve customers who have limited access to formal banking services.

Financial Inclusion: Jana Small Finance Bank plays a crucial role in promoting financial inclusion by providing banking services to individuals and businesses that are traditionally underserved by mainstream banks.

Technology Integration: Like many modern banks, Jana Small Finance Bank has been focusing on leveraging technology to enhance its service delivery and improve customer experience. This includes offering mobile banking, internet banking, and other digital services.

Regulation: As a licensed bank, Jana Small Finance Bank operates under the regulatory framework set by the Reserve Bank of India (RBI) and must comply with banking regulations and guidelines.

Overall, Jana Small Finance Bank Limited serves as an important player in India’s financial landscape, particularly in addressing the banking needs of marginalized and underserved communities.

Jana Small Finance Bank Limited IPO Timetable

IPO Open Date07 Feb 2024
IPO Close Date09 Feb 2024
Allotment Date12 Feb 2024
IPO Listing Date14 Feb 2024

Jana Small Finance Bank Limited IPO Timetable

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 393 to Rs. 414 Per Equity Share
Market Lot36 Share
Listing AtNSE & BSE
Issue SizeApprox. Rs. 570 Crore.

Jana Small Finance Bank Limited IPO Timetable

Minimum136Rs. 14904
Maximum13468Rs. 193752
Small HNI (Minimum)14504Rs. 208656
Big HNI (Minimum)682448Rs. 1013472

Jana Small Finance Bank Limited IPO Allotment Status & Forms

Click Here To Check IPO Allotment Status Jana Small Finance Bank Limited IPO

Click Here To Get ASBA Forms Jana Small Finance Bank Limited IPO

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets25643.6920188.7119078.66
Total Revenue3699.883062.372720.74
Profit After Tax255.9717.4772.26
for accurate figures follow the company financials.

Company Promoters:

The Promoters of the company are Jana Capital Limited and Jana Holdings Limited.

Purpose of the Issue

  • Capital base to meet the Bank’s future capital requirements.
  • Fresh Issue will also be used towards meeting the expenses in relation to the Offer.
  • The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Registrar & Company Details

Company Contact InformationIPO Registrar
Jana Small Finance Bank Limited

The Fairway Business Park, #10/1, 11/2, 12/2B,
off Domlur, Koramangala Inner Ring Road,
Next to EGL, Challaghatta, Bengaluru 560 071
Phone: +91 80 4602 0100
Email: investor.grievance@janabank.com
Website: https://www.janabank.com
Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: jana.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus

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