Jana Small Finance Bank plans to release its IPO soon. The bank is getting ready to introduce an IPO worth Rs 570 crore.
They mentioned that the IPO will be available in the market next week.
Bidding will be done between 7th to 9th February
Jana Small Finance Bank talked about their plan for people to invest in the bank.
They mentioned that from February 7 to February 9, anyone interested can buy a share of the bank.
In this plan, they are offering new shares worth Rs 462 crore, and there are also existing shares (26.08 lakh) available for people to buy.
The size of the fresh issue may be reduced
But, some people are saying the bank might make the new shares in its IPO smaller.
The bank is talking with special managers before the IPO to place Rs 110 crore. If this happens, the number of new shares in the IPO could be less.
Axis Capital, ICICI Securities, and SBI Capital Markets are the special managers for this IPO.
In simple terms, some previous investors like Client Rosehill, CVCIGP-2 Employee Rosehill, Global Impact Funds, Growth Partnership, and Hero Enterprise Partner Ventures are going to sell a part of their ownership.
At least this much money will be required
Jana Small Finance Bank got permission from the market regulator SEBI to start selling company shares to the public in November last year.
The bank has set a price range for its shares between Rs 393 to Rs 414. For people who want to buy, they need to get at least 36 shares at a time.
So, for someone who wants to invest, they’ll need a minimum of Rs 14,904.
