loader
A wholly owned subsidiary and the investment banking arm of State Bank of India
✕
searchiconmb
✕

SBICAPS successfully led INR 683 Cr IPO of Jana SFB

Participation from marquee long-only domestic and foreign investors

2024

Issuer details

  • India’s 4th largest Small Finance Bank in terms of AUM and deposit size
  • Focused on driving financial inclusion in India by serving the under-banked and under-served customers for 16 years
  • Asset book of over INR 18,000 Cr (Mar’23) diversified across the products such as Micro LAP, MSME, Affordable housing, Micro business, Micro finance, Gold loans, etc with 55% of secured advances
  • Pan-India footprint with presence across 24 states and UTs with low geographic concentration of deposit and advances

Key transaction highlights

  • SBICAPS delivered a stellar performance with the highest procurement amongst 3 BRLMs at 44% of the total anchor allocation and 47% of the total pre-IPO placement
  • SBICAPS was crucial in converting marquee long-only investors across domestic MFs, Insurance companies & FIIs through out the IPO process
  • SBICAPS played a crucial role as the post-issue banker enabling a seamless and successful closure
  • SBICAPS helped the Bank achieve its strategic objective of raising growth capital while meeting the regulatory guidelines of being a listed SFB

Issue Details

Fund Raise Size INR 683 Cr
Pre-IPO size INR 113Cr
Primary IPO size INR 462 Cr
OFS size INR 108 Cr
Issue Price INR 414 per share
Issue Period Feb 07 - 09, 2024
Overall Subscription 19.4x*

    Subscribe to content and reports from SBICAPS

    I hereby provide my consent to share my email id with SBICAPS for the purpose of availing the service of subscription to the content and reports from SBICAPS and let them use, share and retain it to provide, analyse, administer, enhance and extend their service.