PriyaPatelJana Small Finance Bank is set to announce the allotment status of its initial public offering (IPO) on Monday, February 12. The IPO, which opened on February 7 and closed on February 9, received bids for 18.72 crore equity shares against 1.01 crore shares on offer, indicating a subscription rate of 18.5 times. The shares are expected to be listed on the stock exchanges on February 14.
Investors can check the IPO’s allotment status on the registrar’s website, as well as on the BSE and NSE websites. The shares of Jana Small Finance Bank currently have a grey market premium (GMP) of ₹50 per share.
The Bengaluru-based bank offers MSME loans, housing loans, and term loans. It is a non-banking finance company.
