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Jana Small Finance Bank IPO

Small Finance Bank - Listed on 14 February 2024

-4.3% listing gain
Issue Price (Upper)
Rs 414
Listing Price
Rs 396
Closing Price (NSE)
Rs 368.15
Total Subscription
19.89x

Jana Small Finance Bank IPO listing summary

Jana Small Finance Bank (Small Finance Bank) closed its IPO window in 2024 and listed on NSE and BSE on 14 February 2024 at an upper band issue price of Rs 414, opening at Rs 396 for a listing gain of -4.3% and closing day one at Rs 368.15 (-11.1% on closing basis). The IPO was subscribed 19.89x overall - QIB 39.81x, HNI/NII 26.13x, Retail 5.70x. The total issue size was Rs 570 Cr (Fresh Issue Rs 462 Cr, OFS Rs 108 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
-4.35%
Listing Gain (Close)
-11.07%
Day Change After Listing
-6.73%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB39.81x
HNI / NII26.13x
Retail5.70x
Overall19.89x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.88x
Day 21.83x
Day 3 (Final)19.89x

Jana Small Finance Bank IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 110+7.25%
Day 2Rs 95+8.45%
Day 3Rs 75+9.66%
Day 4Rs 60+14.49%
Day 5Rs 60+14.49%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
7.2%-14.5%
IPOGyani AI Prediction
-
Actual Listing Gain
-4.3%

Issue & financials

Issue SizeRs 570 Cr
Fresh IssueRs 462 Cr
OFSRs 108 Cr
IPO PE9.71
Peer / Sector PE18.35
PE vs Sector Ratio0.53
Latest EBITDA (Cr)8.77
Debt / Equity0.28

Market context at listing

How the broader market moved around the Jana Small Finance Bank IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return+1.07%
Nifty 1W Return+1.89%
Nifty 1M Return+1.25%
Nifty during IPO window-0.96%

Jana Small Finance Bank IPO - FAQs

What was the listing gain of Jana Small Finance Bank IPO?

Jana Small Finance Bank IPO listed at -4.3% versus the upper issue price of Rs 414 on 14 February 2024.

How many times was Jana Small Finance Bank IPO subscribed?

Jana Small Finance Bank IPO was subscribed 19.89x overall. QIB portion was subscribed 39.81x, HNI / NII 26.13x and Retail 5.70x.

What was the IPO GMP for Jana Small Finance Bank?

IPO GMP started at Rs 110 on Day 1 and moved to Rs 60 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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