Jana Small Finance Bank IPO is priced in the range of Rs 393-414 per share, where investors can bid for 36 shares in one lot and multiples thereafter. The issue, which comprises fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, opens today and closes on February 9.
The IPO consists of a fresh issuance of shares worth Rs 462 crore by the bank, and an offer-for-sale (OFS) of 26,08,629 equity shares worth Rs 108 crore by six investors
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.