Jana Small Finance Bank Sets IPO Price Band At Rs 393-414; Issue Opens Feb. 7
The IPO will open on Feb. 7 and close on Feb. 9. The 570 crore IPO includes both a fresh issue of Rs 462 crore and an offer for sale of Rs 26,08,629 crore of shares.
Jana Small Finance Bank Ltd. has set the price band for its IPO at Rs 393–414 apiece.
The IPO will open on Feb. 7 and close on Feb. 9. The 570 crore IPO includes both a fresh issue of Rs 462 crore and an offer for sale of Rs 26,08,629 crore of shares. The lender has reserved 13.5 core shares for eligible employees to subscribe.
A total of six shareholders: Client Rosehil Ltd., CVCIGP II Employee Rosehill Ltd., Global Impact Funds, S.C.A., Growth Partnership II Ajay Tandon Co-Investment Trust, Growth Partnership II Siva Shankar Co-Investment Trust, and Hero Enterprise Partner Ventures will offload their stake in the small finance bank.
In a pre-allotment placement, Jana Small Finance Bank has raised Rs 113.05 crore through a mix of equity shares and compulsorily convertible debentures.
Based out of Bengaluru, Jana Small Finance Bank provides loans to MSMSES. It was established in 2006.
