About Jana Small Finance Bank IPO
Formerly called Janalakshmi Financial Services, Jana Small Finance Bank is one of India’s leading scheduled commercial banks, with its headquarters in Bengaluru. The institution was established in 2008 and started its operations as a small finance bank in 2018 after receiving its final in-principle license from RBI in 2017.
This bank specialises in extending financial services to underfunded individuals. Some of its popular financial products that aid in this cause are loan schemes for MSMEs, two-wheelers, agriculture, affordable housing, and unsecured borrowing options. It also offers gold loans, fixed deposits, micro-pensions, and zero balance savings schemes with attractive interest rates. Jana Small Finance Bank currently operates across 19 Indian states via 500+ branches.
Jana Small Finance Bank IPO Objectives :
- Expand its Tier-I capital base.
- Meet the bank’s capital requirements.
- Finance expenses related to this initial public offering.
Jana Small Finance Bank IPO - Details
The company’s DRHP (Draft Red Herring Prospectus) filed with capital market regulator SEBI reveals that Jana SFB’s upcoming IPO will consist of a fresh issue worth Rs. 700 crores and an OFS comprising 92,53,659 shares.
Opening Date
-
Closing Date
-
Price Band
₹ -
per equity share
Issue Size
₹ - Cr
Face Value
₹ -
per equity share
Market Lot
- Shares
Opening Date
-
Closing Date
-
Price Band
₹ -
per equity share
Issue Size
₹ - Cr
Face Value
₹ -
per equity share
Market Lot
- Shares
Listing at NSE, BSE
Jana Small Finance Bank IPO Important Dates
IPO Open Date | - |
---|---|
IPO Close Date | - |
Basis Of Allotment Date | - |
Initiation Of Refunds | - |
Credit Of Shares To Demat ACcount |
- |
IPO Listing Date | - |
How to apply for Jana Small Finance Bank IPO?
You can apply for the Jana Small Finance Bank IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book
Jana Small Finance Bank IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for
Jana Small Finance Bank IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Jana Small Finance Bank IPO – Noteworthy Highlights
Jana Small Finance Bank focuses on enhancing financial inclusion by catering to individuals facing difficulty acquiring financial aid traditionally. Renowned for its microfinance products, the lender has helped over 80 lakh customers meet their fund requirements as of April 2021. Following are a few other highlights of this scheduled commercial bank –
1. Jana SFB was declared the ‘Best Inclusive Financial Services – India 2018 London’ by Capital Finance International.
2. It featured as the largest Indian corporation in ‘Fortune – The Top 500’ in 2017. It also received the ‘India’s Distinctive Goodwill Brand’ and the ‘Best Financial Sector Transaction ADB Private Sector’ awards in the same year.
3. This financial institution boasts of an extensive network of 14,452 employees as of 30 September 2019.
4. Jana SFB recorded around 30.5 lakh active customers as of 2021.
5. It received the ‘Best Financial Services Firm in India’ award from the VC circle in 2016.
Jana Small Finance Bank IPO - SWOT Analysis
Competitive Analysis: Market Peers
Market Peers | Market Capitalisation Growth (in %) |
City Union Bank | 6.04% |
Karur Vysya Bank | 5.10% |
IDFC First Bank | 4.55% |
AU Small Finance Bank | 2.86% |
Equitas Small Finance Bank | 6.62% |
J&K Bank | 95.67% |
Ujjivan Small Finance Bank | 1.49% |
Karnataka Bank | 1.28% |
South India Bank | 1.00% |
Dhanlaxmi Bank | 0.95% |
IDBI Bank | 0.79% |
Federal Bank | 0.62% |
RBL Bank | 0.37% |
DCB Bank | 0.05% |
Jana Small Finance Bank IPO FAQs
How can I apply for Jana Small Finance Bank IPO through Angel One App?
Step 1: Go to the 'Investment Opportunities' section on the Angel One app.
Step 2: Click on the 'IPOs and FPOs' option.
Step 3: Enter essential details.
Step 4: Provide details of an NPCI approved UPI ID/Handle.
Step 5: Click on the ‘Invest’ button to place an order.
Why am I unable to apply for Jana Small Finance Bank IPO through my UPI ID?
Can I apply for Jana Small Finance Bank IPO if I don’t have a UPI ID?
How to create a UPI ID?
Step 1: Download the BHIM app.
Step 2: Verify mobile number.
Step 3: You will require a passcode to access the app.
Step 4: Select a bank from available options.
Step 5: In case of multiple accounts, select the one you wish to register with BHIM.
Step 6: Set a UPI PIN.
Once these steps are covered, one can check UPI ID details from the profile section.
How to find a UPI ID?
Why can't I find my UPI Handle in Angel One's drop-down menu while applying for Jana Small Finance Bank IPO?
How long does it take to receive the UPI mandate request after placing an IPO order?
How shall I approve the UPI mandate request?
Can I submit more than one application for Jana Small Finance Bank IPO?
What charges do I have to pay when applying for Jana Small Finance Bank IPO?
I am a non-residential Indian. Can I apply for IPO through the Angel One app?
What is the cut-off price, and how can I benefit by applying for Jana Small Finance Bank IPO at it?
Can I apply for Jana Small Finance Bank IPO through a bank account that is not linked with Angel One?
Can I apply for Jana Small Finance Bank IPO using a current account?
Can I apply for Jana Small Finance Bank through a HUF's account?
Can I apply for Jana Small Finance Bank IPO through my daughter's ( a minor) account?
My Bank account was not debited even after I applied for IPO. Why is that so?
Can the Jana Small Finance IPO bid be modified?
Can I delete/cancel/withdraw my Jana Small Finance Bank IPO application?
Step 1: Navigate to the ‘Investment Opportunities’ section on the Angel One app.
Step 2: Move to the 'IPOs and FPOs' section.
Step 3: Click the ‘Order Book’ button.
Step 4: Select the order you wish to cancel.
Step 5: Click on ‘Details’
Once you see the ‘Cancel’ option, select it to withdraw/delete/cancel the IPO application. Note that cancel/delete/withdraw application means the same thing.
How to check Jana Small Finance Bank IPO application status?
Step 1: Navigate to 'investment Opportunities’.
Step 2: Choose ‘IPOs & FPOs’ option.
Step 3: Select the 'Order Book's option.
Subsequently, you will see the status of your IPO application.
Why was my Jana Small Finance Bank IPO application rejected?
- For entering the wrong UPI ID/UPI PIN while approving the mandate request. - Bank A/c, Demat A/c, or the UPI ID was not mapped to your PAN.