With its establishment as Janalakshmi Financial Services (JFS) in 2008, the Bangalore-headquartered Jan Small Finance Bank currently comes under the purview of the banking license of the Reserve Bank of India (RBI). With the legacy of Janalakshmi, it is recognized globally as one of the largest Micro Finance Institutions (MFIs). Jana Small Finance Bank IPO will hit the market in 2021.
Table of Contents
Issue
The proposed IPO will include a fresh issue of Rs 700 crore and a OFS of 92,53,659 shares. The OFS will be sold by Alpha TC Holdings Pte for 17,48,975 shares, 1,15,195 shares by Badri Narayan Pilinja and 1,26,482 shares by Bajaj Allianz General Insurance (Policyholder Fund) and Bajaj Allianz General Insurance (Shareholder Fund) will also sell 54,207 shares.
About
Jan Small Finance Bank has a long and distinguished history, which stands as a testament to who they are today. For over a decade, they have actively listened to and responded to the needs of their customers. They work hard every day to deliver value through their competitive and thoughtful financial services, thus helping their customers live better lives.
Footprints
They have 611 branches, with approximately 3.05 million active clients. The lender was also featured in ‘Fortune – The Top 500’ largest corporations in the country. It was also recently awarded India’s Distinctive Goodwill Brand for 2017.
It is one of the globe’s innovative financial institutions working on the problem of financial inclusion, the objective of Jan Bank To remain service oriented, fully compliant and committed for good governance and practices.
Promoters
- JANA CAPITAL LIMITED
- JANA HOLDINGS LIMITED
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 15,350.00 | 14,147.12 | 9,446.29 | 9,748.79 | |
| Total Revenue | 1,334.52 | 2,424.77 | 1,368.27 | 1,597.05 | |
| Profit After Tax | 82.44 | 30.13 | (1,949.07) | (2,503.80) | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
IPO Details
| IPO Opening Date | 2021 |
| IPO Closing Date | 2021 |
| Issue Type | Book Built |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | 0 |
| Min Order Quantity | 0 |
| Listing At | BSE, NSE |
| Issue Size | 2000 cr. |
| Fresh Issue | 700 cr. |
| Offer for Sale | 1300 cr. |
IPO Tentative Date
Jana Small Finance Bank IPO open date is 2021, and the close date is 2021. The issue may list in 2021.
| IPO Open Date | 2021 |
| IPO Close Date | 2021 |
| Basis of Allotment Date | 2021 |
| Initiation of Refunds | 2021 |
| Credit of Shares to Demat Account | 2021 |
| IPO Listing Date | 2021 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 10 | Minimum level of 1 lot, based on availability, for every shareholder. |
Promoter Holding
| Pre Issue Share Holding | 42.08% |
| Post Issue Share Holding |
Jana Small Finance Bank IPO Prospectus
Contact Details
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, Karnataka, India;
Tel: +91 80 4602 0100
E-mail: [email protected]
Website: https://www.janabank.com/
Registrar
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Lead Manager(s)
- Axis Capital Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
We hope we are able to answer all you questions about Jana Small Finance Bank IPO. If you don’t have Demat account open it now with Zerodha best trading app.
FAQ
Jana Small Finance Bank IPO Opening Date?
Jana Small Finance Bank IPO will open in 2021.
Jana Small Finance Bank IPO Listing Date?
Jana Small Finance Bank IPO will list in 2021.
Jana Small Finance Bank IPO GMP Today?
Jana Small Finance Bank IPO Grey Market Premium is INR 0.
Jana Small Finance Bank IPO Allotment Date?
Jana Small Finance Bank IPO basis of allotment will be in 2021.
Lot size for Jana Small Finance Bank IPO?
Lot size for Jana Small Finance Bank IPO is 0 to 0.
Visitor Rating: 5 Stars
Great info