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The Rs 570-crore offer, which consisted of a fresh issue of 1.11 crore shares worth Rs 462 crore and an OFS of 26.08 lakh shares worth Rs 108 crore, was subscribed 19.8 times
The Rs 570-crore Jana Small Finance Bank IPO is combination of a fresh issue and an offer-for-sale
Jana Small Finance Bank has 771 branches in 22 states and 2 UTs, with ~49 lakhs customers and ~20,000 employees. The bank's customer base has grown by ~3 lakhs in the first 6 months of this financial year. The bank's growth rate as on Sep23 Y-o-Y basis was 42.39% on assets and 33.66% on deposits.
The Rs 570-crore Jana Small Finance Bank IPO is combination of a fresh issue and an offer-for-sale
The Jana Small Finance Bank IPO will close on February 9, while the bank will finalise the basis of allotment of IPO shares by February 12 and the eligible investors will get the shares in their demat accounts by February 13.