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
| Particular | Date |
| IPO Open Date | 07 Feb 2024 |
| IPO Close Date | 09 Feb 2024 |
| Allotment Date | 12 Feb 2024 |
| IPO Listing Date | 14 Feb 2024 |
Jana Small Finance Bank Limited IPO Timetable
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 393 to Rs. 414 Per Equity Share |
| Market Lot | 36 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 570 Crore. |
Jana Small Finance Bank Limited IPO Timetable
| Application | Lots | Shares | Amount |
| Minimum | 1 | 36 | Rs. 14904 |
| Maximum | 13 | 468 | Rs. 193752 |
| Small HNI (Minimum) | 14 | 504 | Rs. 208656 |
| Big HNI (Minimum) | 68 | 2448 | Rs. 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:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 25643.69 | 20188.71 | 19078.66 |
| Total Revenue | 3699.88 | 3062.37 | 2720.74 |
| Profit After Tax | 255.97 | 17.47 | 72.26 |
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 Information | IPO 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 |
