Jana s IPO comprises a fresh share issue for Rs 462 crore and an offer for sale of nearly 2.61 million shares by existing investors. It has set the price band at Rs 393 to Rs 414 per share for the IPO which will open for subscription on February 7.
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.