The share allotment of Jana Small Finance Bank is likely to be finalised today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE.
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company’s name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Jana Small Finance Bank allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.
Step 1: Visit the Kfin Technologies website
Step 2: Select Jana Small Finance Bank IPO
Step 3: Enter the application number and Captcha to know the status
Jana Small Finance Bank IPO subscription
The IPO of Jana Small Finance Bank was subscribed 18.5 times at close. The QIB portion of the issue was booked 38.75 times, followed by NIIs at 25.05 times and retail portion at 5.46 times.
Jana Small Finance Bank GMP
Jana Small Finance Bank shares are trading with a GMP of Rs 59 in the unlisted market. Considering the upper price band, the stock is expected to get listing gains of around 14%.
Jana SFB is the fourth largest small finance bank in terms of AUM. As of September 2023, it had 771 banking outlets, including 278 banking outlets in unbanked rural centres. The company boasts of marquee investors including TPG, HarbourVest Group, Amansa Capital, Morgan Stanley and Hero Ventures.
The Bank’s operations are digitalised and majority services are available online to customers with integrated risk and governance framework.
The small banking lender’s gross advances increased from Rs 11,838 crore in FY21 to Rs 18,001 crore in FY23, representing a CAGR of 23.31%, and further increased to Rs 21,347, as of September 2023.
For the period ended September 2023, total income increased 31% to Rs 2,215 crore, while profit more than doubled to Rs 213 crore.
Axis Capital, ICICI Securities and SBI Capital Markets are the book running lead managers to the issue.
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