Those offering shares in the OFS are: Client Rosehill Ltd, CVCIGP II Employee Rosehill Ltd, Global Impact Funds, S.C.A., SICAR, Sub-Fund Global Financial Inclusion Fund, Growth Partnership II Ajay Tandon Co-Investment Trust, Growth Partnership II Siva Shankar Co-Investment Trust, and Hero Enterprise Partner Ventures.
The small finance bank has proposed to utilise the net proceeds from the fresh issue towards augmenting its Tier - 1 capital base to meet future capital requirements such as organic growth and expansion.
The lender serves underbanked customers through various products, including zero balance savings accounts, fixed deposits with attractive interest rates, collateral-free loans and affordable housing loan schemes. It offers loans to MSMEs, agriculture sector, individuals, affordable housing sector and two-wheeler buyers and also provides gold loans to customers.
The bank had earlier filed preliminary IPO papers with Sebi in April 2021 and had received the regulator's nod to launch the public issue. However, Jana Small Finance Bank did not launch its public issue that time.
According to Fitch Report, Jana Small Finance Bank is the fourth largest small finance Bank in terms of assets under management (AUM) deposit size as on March 2023.
The bank had 754 banking outlets, including 272 outlets in unbanked rural centres, in 22 states and two Union Territories as of March 2023.
Axis Capital, ICICI Securities and