The IPO, which comprised fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, received healthy response from investors as the issue was booked 18.5 times at close.
The initial public offer (IPO) of Jana Small Finance Bank was subscribed 88% on Wednesday, the first day of the bidding process. The NII portion of the issue was booked the most at 1.2 times, followed by retail investors at 1.19 times. There QIB category was subscribed just 14%.