The Jana Small Finance Bank IPO received a strong response from primary market investors, with the issue being booked 18.5 times against its offer size. As the bidding has closed, investors are eagerly waiting to know their Jana Small Finance Bank IPO allotment status, which is likely to be finalized on February 12. Those who have applied for the public issue can check their application status online on the BSE website or the official website of the Jana Small Finance Bank IPO registrar.
Investors who have been allotted shares in the Jana Small Finance Bank IPO will have the shares credited to their demat accounts on February 13, while refunds will be issued to those whose IPO application bids have been rejected. The grey market is indicating a positive listing gain from the IPO, with the shares trading at a premium of ₹37. The IPO shares are likely to get listed at ₹451 apiece, which is an 8.94% premium to the issue price of ₹414 per share.
The Jana Small Finance Bank IPO was subscribed 18.50 times, with the retail category being subscribed 5.46 times, the Non-Institutional Investors’ (NII) category being subscribed 25.05 times, and the Qualified Institutional Buyers’ (QIB) portion being booked 38.75 times. The IPO, which comprised a fresh issue and an offer for sale, had a price band of ₹393 to ₹414 per equity share. The company plans to utilize the net proceeds for augmenting the bank’s Tier-I capital base and for general corporate purposes, with the equity shares likely to be listed on February 14. Axis Capital, ICICI Securities, and SBI Capital Markets are the book running lead managers of the IPO, with Kfin Technologies serving as the IPO registrar.