Jana Small Finance Bank IPO allotment status is set to be finalised on Monday, February 12. On the final day of the offering, the IPO garnered significant interest, with a subscription of 18.5 times.
If you applied for the IPO, here is how you can check the Jana Small Finance Bank IPO allotment status.
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Jana Small Finance Bank IPO allotment status
- Visit the registrar's website.
- Click on "Company Selection" and choose "Jana Small Finance Bank" from the dropdown menu.
- Then you can enter your PAN, application number, or Demat.
- Enter the captcha and click Submit to retrieve the Jana Small Finance Bank IPO allotment status
Checking IPO Allotment Status on BSE:
- Go to the BSE website.
- Click on the ‘Equity' section and select "Jana Small Finance Bank" from the dropdown menu.
- Enter your application number or PAN.
- Click on the ‘Search' button.
- The result will show the number of shares allotted to you.
If all the details are entered correctly and the allotment has been finalised, the Jana Small Finance Bank IPO allotment status will be visible.
Jana Small Finance Bank IPO Subscription Status
The qualified institutional buyer portion witnessed robust demand, with a subscription of 38.75 times, while non-institutional investors’ participation stood at 25.05 times. Retail investors also displayed interest, resulting in a subscription rate of 5.46 times. Additionally, the employee portion was subscribed 1.95 times. Bids were received for 18.72 crore equity shares against the 1.01 crore shares available.
Jana Small Finance Bank IPO Details
The Jana Small Finance Bank IPO, which commenced on February 7 and concluded on February 9, offered shares within a price range of ₹393 to ₹414 per share. Established in July 2006, the Bengaluru-based lender primarily focuses on providing MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans.
Ahead of the IPO opening, Jana Small Finance Bank successfully raised ₹167 crore from anchor investors. Notable participants in the anchor book included East Bridge Capital and SBI Life Insurance, each contributing ₹25 crore, accounting for approximately 15% of the total anchor book.
Jana Small Finance Bank IPO GMP
.Jana Small Finance Bank IPO GMP is reported at around ₹37. The Jana Small Finance Bank IPO GMP has been on a downtrend, it was reported at around ₹42 on February 9, when the IPO closed. Taking the upper band of the IPO, the IPO is expected to list around ₹451, indicating around 9% premium. It is important to note that while IPO GMPs can provide some insight into market sentiment towards an IPO, they should not be taken as the sole factor behind the stock's performance on listing. The listing of Jana Small Finance Bank shares on stock exchanges is scheduled for February 14.
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