Jana Small Finance Bank Ltd. IPO

Jana Small Finance Bank, India's financial champion for the underserved, empowers over 12 million customers across 22 states. As the fourth largest Small Finance Bank by both AUM and deposits, they cater to individuals and businesses with a focus on secured loans like business loans and affordable housing. Their journey began in 2006, evolving from an NBFC to a Small Finance Bank in 2018. Their commitment to understanding customer needs shines through digital initiatives and a growing agricultural loan portfolio. With a focus on secured advances and diversification, Jana Small Finance Bank is building a strong foundation for inclusive and sustainable growth, one loan at a time.

RHP
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DRHP
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Open Date

2024-02-07

Close Date

2024-02-09

Company Financials

You can get the following financial statements of Jana Small Finance Bank Ltd. as of now.

Subscription Details

The details about the Jana Small Finance Bank Limited IPO is as:

  • The issue size of the Jana Small Finance Bank IPO is 570 Cr.
  • The shares of Jana Small Finance Bank Limited IPO will list on 14th February 2024.
  • The price band for Jana Small Finance Bank Limited IPO is Rs 393 to Rs 414.
  • The latest tentative GMP of Jana Small Finance Bank Limited IPO is Rs 50.
  • The shares of Jana Small Finance Bank Limited IPO is subscribed 19.89 Times as of 9th February 2024.

 

Jana Small Finance Bank Limited IPO Valuation

The approx valuation of Jana Small Finance Bank Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 311
Existing Shares (Qty) 9.34 Cr
Fresh Issue 462 Cr
Market Cap 3366.74 Cr
EPS (FY23) Rs 47.47
PE Ratio 6.55x
Industry PE 93.03x

 

Jana Small Finance Bank Limited IPO Issue Size

Jana Small Finance Bank Limited IPO issue size is 570 Cr

Issue Amount
Fresh Issue 462 Cr
Offer For Sale 108 Cr

 

Jana Small Finance Bank Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 36 shares and a maximum of 13 lots of 468 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 36 14,904
 Maximum 13 468 1,93,752

 

Jana Small Finance Bank Limited IPO share offer

The shares of Jana Small Finance Bank Limited IPO is subscribed 19.89 Times as of 9th February 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 39.81 Times
Non-Institutional Minimum 15% 26.13 Times
Retail Individual Minimum 35% 5.70 Times
Total   19.89 Times

Allotment Details

Find below the dates for Jana Small Finance Bank Limited IPO:

Schedule Date
Basis of Allotment 12 February 2024
Refunds 13 February 2024
Credit to Demat Account 13 February 2024
IPO Listing Date 14 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 117.73 433.25 223.01 335.83 624.87
Profit Before Tax -1949.06 30.13 72.26 17.47 255.97
Net Profit -1949.06 30.13 72.26 17.47 255.97
Adjusted EPS (Rs.) -413.29 5.94 14.24 3.4 46.56
Net Sales 1250.54 1991.52 2497.73 2726.54 3075.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 197.16 200.72 200.73 201.41 324.98
Total Reserves 463.71 826.59 900.04 983.15 1452.09
Borrowings 4086.47 2898.74 4815.32 4509.83 6277.46
Total Liabilities 9446.3 14144.51 19078.66 20188.71 25643.69
Investments 1468.13 2650.04 4697.79 5065.26 5221.23
Net Block 332.02 259.42 210.81 170.47 122.61
Assets
Total Assets 9446.3 14144.51 19078.66 20188.71 25643.69
Current Assets 0 0 0 0 0
Capital WIP 2.44 0.59 1.25 1.18 5.15
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Interest Earned 1038.03
Other Income 139.52
Interest Expended 489.54
Operating Expenses 392.73
Total Provisions 160.63
Profit Before Tax 134.64
Tax 0
Net Profit 134.64
Net NPA % 0.71
Gross NPA % 2.19
Return on Assets % 1.84
NPM % 12.97

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 22.54 0
* Figures given above are % of equity capital
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