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The part for non-institutional investors got subscribed 1.22 times and the category for Retail Individual Investors (RIIs) fetched 1.19 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 14 per cent subscription.
The Bengaluru-headquartered firm’s IPO has a fresh issue of up to Rs 462 crore and an offer for sale of up to 2,608,629 equity shares.
The IPO has a price range of Rs 393-414 a share.
Jana Small Finance Bank on Tuesday garnered Rs 167 crore from anchor investors.
The bank will use the money from the fresh issue to augment its core capital to meet future capital requirements and to improve its capital adequacy ratio.
Axis Capital, ICICI Securities, and SBI Capital Markets are the managers to the offer.