The company backed by Saudi Arabia s PIF sovereign wealth fund is expected to price its shares at 13.50 riyals ($3.60), the bank said in a message to investors seen by Reuters.
IPO Price: The company backed by Saudi Arabia s PIF sovereign wealth fund is expected to price its shares at 13.50 riyals ($3.60), the bank said in a message to investors seen by Reuters.
According to a Fitch Report, Jana Small Finance Bank is the fourth-largest small finance bank in terms of AUM and deposit size as of March 31, 2023. The bank had 754 banking outlets, including 272 banking outlets in unbanked rural centres, in 22 states and two union territories as of March 31, 2023. It has served nearly 12 million customers since 2008, including 4.57 million active customers as of March 31, 2023, the DRHP claimed.
LIC’s consolidated net profit rose sharply to Rs 8,334 crore in the third quarter as against Rs 235 crore in the same period a year ago as premium income improved and it moved Rs 5,670 crore to its shareholders' fund to shore up its net worth.