Know About Jana Small Finance Bank Ltd IPO Details
The highly anticipated initial public offering (IPO) of Jana Small Finance Bank Ltd is commenced on February 7, 2024, with an exhilarating opportunity for investors to take part in this book-built issue IPO. With a face value of Rs 10 per equity share, the IPO price ranges between Rs 393 to Rs 414 per equity share, catering to various investor preferences and financial capabilities.
The minimum order quantity is set at 36 shares, ensuring accessibility for both retail and institutional investors. This momentous event will mark the debut of Jana Small Finance Bank Ltd on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing ample liquidity and visibility to its shares. The total issue comprises 13,768,049 shares, aggregating up to Rs 570 crore, with a significant portion allocated to fresh issues, amounting to Rs 462 crore. Additionally, there is an offer for sale of 2,608,629 shares, totaling Rs 108 crore, presenting an opportunity for existing shareholders to divest a portion of their holdings.
The IPO offers 50% of the shares to qualified institutional buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors (NIIs), emphasizing inclusivity and broad participation in the offering. With its strategic pricing and allocation structure, Jana Small Finance Bank Ltd aims to garner substantial investor interest and pave the way for a successful listing, solidifying its position in the dynamic equity market landscape.
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