Jana Small Finance Bank IPO opens today, should you subscribe?

Jana Small Finance Bank IPO The initial public offering (IPO) of Jana Small Finance Bank opens for public subscription today. The book built issue will remain open for bidders till Friday, February 9. 

Jana Small Finance Bank IPO price band has been fixed at ₹393 to ₹414 per equity share. The small finance bank has proposed to list its shares on the BSE and NSE. 

The company aims to raise ₹570 crore from its initial offer that is a combination of fresh issue of 1.12 crore equity shares aggregating to ₹462 crore and an offer for sale (OFS) of 26.08 lakh shares aggregating to ₹108 crore. 

Jana Small Finance Bank IPO allotment date is most likely on February 12, and the company may initiate refunds and credit the shares to investors’ demat accounts on February 13. 

Jana SFB IPO lot size is 36 shares and the minimum investment amount required by retail investors is ₹14,904. The equity shares of Jana Small Finance Bank are likely to be listed on February 14, on both BSE and NSE. 

Ahead of the IPO opening, Jana Small Finance Bank raised ₹166.95 crore from 17 anchor investors on January 6. It has allotted 40,32,588 equity shares to 17 anchor investors at the upper price band of ₹414 per equity share (including premium of ₹404 per equity shares) with face value of ₹10 per share. 

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.