Jana Small Finance Bank IPO GMP reaches sky before allotment, know how to check your share of shares

Jana Small Finance Bank IPO GMP reaches sky before allotment, know how to check your share of shares


Jana Small Finance Bank IPO Allotment: Initial Public Offering of Jana Small Finance Bank is getting very good response from investors in the market. It received 18.50 times subscription on the last day of application. The allotment of shares will be done by the company on 12th February. According to data available on NSE, 1,01,16,284 shares have been offered under the bank’s issue backed by private equity players TPG and Morgan Stanley. Bids were placed for a total of 18,71,96,580 shares on the second day of the issue. The non-institutional investors category was subscribed 25.05 times while the retail individual investors (RII) segment was subscribed 5.46 times. Apart from this, the section reserved for eligible institutional buyers has received 38.75 percent subscription.

The bank had issued new shares worth Rs 462 crore.

New shares worth Rs 462 crore have been issued in the IPO of this Bengaluru-based company. Apart from this, offer for sale (OFS) of 26,08,629 equity shares will also be made. For this, the price range of Rs 393-414 per share has been fixed. Jan Small Finance Bank had raised Rs 167 crore from anchor (big) investors on Tuesday before the issue opened. Kfin Technologies Limited has been appointed as the official registrar of the book build issue. Its listing is likely to happen on 14 February.

What is grey-market price?

The premium on Jan Small Finance Bank shares is continuously increasing in the gray market. According to Stock Market Observer, unlisted shares of Jana Small Finance Bank are trading at Rs 108 higher in the gray market than their upper issue price. It was Rs 59 before application. After this, there was a continuous increase in premiums. In such a situation, it is understood that the listing of shares can be done at a premium of at least 20 percent. Jana Small Finance Bank opted for pre-IPO placement of 24,39,607 equity shares at an issue price of Rs 414 per share. Investors included SBI General Insurance, Kotak Mahindra Life Insurance, Ananta Capital Ventures Fund, Arka Next Ventures, Capri Global Holdings and RPM Ventures Partners.

How to check allotment status on registered portal

  • Go to the registered portal. After clicking on the available link, you will see five links where the status can be checked.

  • By clicking on one of the links, select JSW Infrastructure Limited from the dropdown menu in the IPO section.

  • Select any one of the three options to check allotment status, i.e. Application Number, Demat Account or PAN.

  • If you have chosen the first option, type the application number and captcha code, then click on ‘Submit’.

  • If you have opted to check status through Demat account number, type it and enter the captcha code before clicking on ‘Submit’.

  • For the third option, enter your PAN number and type the captcha code. Click on ‘Submit’.

How to check allotment status on BSE and NSE

  • For BSE, visit the allotment page of the official site. Now select ‘Equity’ under the ‘Issue Type’ section. Select IPO from the dropdown option under ‘Issue Name’.

  • Enter your PAN or application number to check the status.

  • Go to the website of National Stock Exchange.

  • Select the ‘Click to Sign Up’ option and register yourself with your PAN.

  • Now login using username, password and captcha code. Check your IPO allotment status on the new page that opens.



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