Jana Small Finance Bank IPO: Should You Subscribe?

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February 7, 2023

New Delhi, India

Jana Small Finance Bank IPO

The much-anticipated initial public offering (IPO) of Jana Small Finance Bank has opened for subscription, generating significant buzz in the market. With the IPO price band set and the grey market premium indicating strong demand, investors are eager to determine whether they should subscribe.

IPO Details:

Jana Small Finance Bank has fixed its IPO price band at ₹393 to ₹414 per equity share, aiming to raise ₹570 crore through a combination of fresh issue and offer for sale. The lot size is 36 shares, requiring a minimum investment of ₹14,904 for retail investors. The IPO opened on a certain date and will close on February 9, with allotment expected on February 12 and listing on February 14 on both BSE and NSE.

Anchor Investor Interest:

Ahead of the IPO, Jana Small Finance Bank raised ₹166.95 crore from 17 anchor investors, indicating initial investor interest in the company. The allotment to anchor investors was made at the upper price band of ₹414 per share, including a premium of ₹404 per share.

Grey Market Premium (GMP):

Market observers report a grey market premium of ₹66 per share for Jana Small Finance Bank, indicating a 15.94% premium over the IPO price. This suggests strong demand for the company’s shares in the secondary market.

Investor Considerations:

While the grey market premium and anchor investor interest signal positive sentiment, investors should conduct thorough due diligence before making investment decisions. Factors such as the company’s financial performance, growth prospects, valuation, and overall market conditions should be carefully assessed.


As the Jana Small Finance Bank IPO garners attention from investors, the decision to subscribe hinges on various factors including the IPO price, grey market premium, and overall market sentiment. With the IPO period open until February 9, investors have time to evaluate their options before making informed decisions.

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