Jana Small Finance Bank Limited IPO  Analysis

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IPO of Awaited Jana Small Finance Bank (SFB) will start for subscription on Wed 7 Feb. Will closed on Feb 9th and The anchor book on February 6.

IPO TimeLine

IPO Open Feb 07, 2024
IPO Close Feb 09, 2024
Allotment Feb 12, 2024
IRefunds Start Feb 13, 2024
Shares to Demat Account Feb 13, 2024
Listing Date Feb 14, 2024
Cut-off time for UPI mandate confirmationFeb 9

Jana Small Finance Bank Company Financials

Financial yearPeriod ending on March 31, 2023Period ending on March 31, 2023 (₹ in million)Period ending on March 31, 2022 (₹ in million)Period ending on March 31, 2021 (₹ in million)
Total Income36,998.7530,623.6527,207.41
Profit After Tax (PAT)2,559.71174.71722.6
Net Worth17,770.6911,845.5811,007.65
Earnings Per Share47.473.4414.25
Total Borrowings62,774.6045,098.3248,153.19

Strengths Risks

  1. Advance has increased from ₹1,18,389.82 million as of March 31, 2021 to ₹1,80,007.41 million as of March 31, 2023 CAGR 23.31%.
  2. Analysis of secured advances of the company increased ₹50,760.00 million as of March 31, 2021, to ₹99,047.54 million as of March 31, 202
  3. fourth largest Small Finance Bank in Term AUM and deposit
  4. Unsecrured Loans is risky business
  5. Tax-related legal proceedings against the company is pending
  6. Customer can transfer Loan Amount to other Bank

Detailed Strength

Strengths

  • 771 Banking oulets 278 banking outlet 22 states and two union territories
  • 1.2 million customers since 2008
  • Digital Operations
  • Less age Employee size
  • Integrated risk management approach.
  • 16 years’ experience in MSME space
  • Door to Dooor Banking
  • Cost of Funds Decreased from 8.61% to 7.55%

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