Jana Small Finance Bank files DRHP with Sebi for IPO
The net proceeds are proposed to be utilised towards augmentation of the bank's Tier-1 capital base to meet its capital requirements.
By ET Bureau | Updated:
Agencies
Mumbai: Jana Small Finance Bank has filed its draft red herring prospectus (DRHP) with Sebi for an initial public offering (IPO).
The IPO will comprise a fresh share issue worth up to ₹575 crore and an offer for sale of up to 40.52 lakh shares by existing shareholders.
The net proceeds are proposed to be utilised towards augmentation of the bank's Tier-1 capital base to meet its capital requirements.
Client Rosehill, Global Impact Funds, Global Financial Inclusion Fund, Ajay Tandon Co-Investment Trust, Siva Shankar Co-Investment Trust, and Hero Enterprise Partner Venture will participate in the offer for sale.
Jana Small Finance Bank is the fourth-largest small finance bank in terms of assets under management and in terms of deposit size as of March 31, 2023.
The IPO will comprise a fresh share issue worth up to ₹575 crore and an offer for sale of up to 40.52 lakh shares by existing shareholders.
The net proceeds are proposed to be utilised towards augmentation of the bank's Tier-1 capital base to meet its capital requirements.
Client Rosehill, Global Impact Funds, Global Financial Inclusion Fund, Ajay Tandon Co-Investment Trust, Siva Shankar Co-Investment Trust, and Hero Enterprise Partner Venture will participate in the offer for sale.
Jana Small Finance Bank is the fourth-largest small finance bank in terms of assets under management and in terms of deposit size as of March 31, 2023.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Jana Small Finance Bank IPO allotment: Here's how you can check statusADVERTISEMENT
