Jana Small Finance Bank to float Rs 570-crore IPO on Feb 7!
Fri, Feb 2, 2024 10:37 AM

Jana Small Finance Bank to float Rs 570-crore IPO on Feb 7!

A Flip by Avya Verma
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Jana Small Finance Bank, based in Bengaluru, is launching an IPO with a price band of Rs 393-414 per share. The Rs 570 crore public issue includes fresh shares worth Rs 462 crore and a sale of 26,08,629 shares by six investors. The bank has already raised Rs 113.14 crore through equity shares and CCPS. The proceeds from the IPO will be used to strengthen the bank's Tier - 1 capital base.

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