Jana Small Finance Bank IPO allotment likely on February 12: Steps to check status online

The Jana Small Finance Bank IPO share allotment status is likely to be finalised on Monday, February 12. The initial public offer (IPO) of the fourth-largest small finance bank was open for subscription from February 7 to 9.

Once the lender finalises the basis of IPO share allotment, the refund process is expected to be initiated on February 13. The SFB will start crediting shares to accounts on Tuesday.

The Jana Small Finance Bank shares are expected to list on stock exchanges, NSE and BSE, on February 14.

How to check Jana Small Finance Bank IPO allotment status

Successful bidders will be notified by the registrar and the company about the Jana SFB IPO share allotment. However, bidders can also check about the share allotment through the official websites of the BSE and the company registrar.

KFin Technologies Limited is the official registrar of Jana Small Finance Bank IPO.

Steps to check share allotment status on BSE website

Bidders can easily check the Jana SFB IPO share allotment by following a few easy steps:

• Go to BSE website (https://www.bseindia.com)
• Click on Investor Relations and go to Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Select Jana Small Finance Bank from the Dropdown List
• Enter your application number and PAN details
• Click ‘submit’ to check allotment details.

Steps to check IPO allotment status via registrar’s website

Investors can also check the allotment status through the official website of registrar KFin Technologies. Follow these steps to check allotment status:

• Open official website of KFin Technologies (https://www.kfintech.com/).
• Click on products and go to the investor section.
• Click on IPO allotment status.
• Select Jana Small Finance Bank from the dropdown list.
• Enter your application number, PAN or Demat account number
• Enter Captcha and submit to check share allotment status.

Jana Small Finance Bank IPO subscription details

The bidding for Jana SFB IPO started on February 7. The offer attracted decent bids on Day 1, accounting for 88% of the total number of shares offered. In total, bids for 89,11,404 shares were placed against 1,01,16,284 shares on offer.

On Day 2, the issue was oversubscribed 1.83 times driven by strong demand from retail individual investors and non-institutional investors (NII).

NII category was subscribed 3.05 times and retail individual investors segment received 2.31 times subscription.

The IPO received total bids of 18.50 times of shares on offer on the final day with qualified institutional players joining the bandwagon.

Among categories, retail individual investors’ segment was oversubscribed by 5.46 times on the final day. As many as 49,07,296 shares were reserved for retail investors.

The non-institutional investor section received bids 25.05 times of 21,03,127 shares reserved for them. The qualified institutional investor category received 38.75 times bids against 27,62,350 shares reserved for them.

Jana SFB raised ₹167 crore from 17 anchor investors by allocating 40.32 lakh equity shares ahead of the launch of the IPO. Citigroup Global Markets Mauritius, East Bridge Capital Master Fund, Societe Generale, Bandhan Mutual Fund, Copthall Mauritius Investment Ltd, SBI General Insurance Company, Kotak Mahindra Life Insurance Company, and Tata AIA Life Insurance Company were among the anchor investors.

Jana Small Finance Bank IPO lot size and price band

The IPO of the country’s fourth largest small finance bank is a fresh issue of up to ₹462 crore and an offer for sale of up to 2,608,629 equity shares. The price band was fixed at ₹393 to ₹414 a share for the IPO. The lot size was fixed at 36 shares for retail investors.

Axis Capital, SBI Capital Markets and ICICI Securities are the managers to the offer.

Promoter Jana Holdings is reducing its shareholding from 32% to around 25% through the IPO. The small finance bank is backed by private equity majors TPG and Morgan Stanley.

The SFB will utilise the IPO proceeds to augment its core capital to meet future capital requirements and to improve its capital adequacy ratio.

The Bengaluru-headquartered Jana SFB is the fourth-largest small finance bank in India in terms of assets under management and deposit size. The SFB offers MSME loans, microloans against property, housing loans, business loans, auto loans and gold loans.

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