Jana Small Finance Bank is engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
Jana Small Finance Bank IPO consists of a fresh issuance of shares worth Rs 462 crore, and an offer-for-sale (OFS) of 26,08,629 equity shares worth Rs 108 crore by six investors.
The issue, which received approval from the regulator in November last year, has fixed a price band of Rs 393-414 per share, where investors can bid for 36 shares in one lot and multiples thereafter.
SEBI issued an observation letter to Onest and DOMS Industries on November 16, while Jana Small Finance Bank has received the said letter on November 7 and India Shelter Finance Corporation on November 13